Rachel Ziemba

Adjunct Senior Fellow, Energy, Economics, & Security Program

  • Press: mchristian@cnas.org

Research Areas

Rachel Ziemba is an Adjunct Senior Fellow at the Center for a New American Security (CNAS). Her research focuses on the interlinkages between economics, finance and security issues. Her research topics include coercive economic policies such as sanctions, economic resilience and the role of state-owned investors including sovereign wealth funds.

She also serves as a strategic advisor at Alpha Z Advisors, an equity futures fund, and founder of Ziemba Insights, a macroeconomic research firm that focuses on connecting policy and macro risks for relevant to EM investors.  

She previously served as head of emerging and frontier markets and co-head of research at Roubini Global Economics, a global macro strategy and country risk firm. Before that, Rachel also worked for the Canadian International Development Agency in Cairo, Egypt, and the International Development Research Centre in Ottawa, Canada on development economic issues.

She has a particular interest in the macroeconomic and foreign policy of China and oil-exporting nations, including sovereign wealth management and energy-sector supply risks and resilience. She also does extensive work on global macroeconomic issues, including foreign-exchange reserve accumulation, economic imbalances and trade and investment policy. 

Rachel regularly serves as an expert commentator in key media outlets, and her research has been cited by a range of international financial institutions.   She is the co-author of “Scenarios for Risk Management and Global Investment Strategies” (with William T. Ziemba), published by Wiley in January 2008. 

She holds a bachelor’s degree from the University of Chicago with honors, and a Master of Philosophy degree in international relations with a specialization in international political economy from St. Antony’s College, Oxford University. 

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