Rachel Ziemba

Rachel Ziemba is a geo-economic and country risk expert. She runs Ziemba Insights, an advisory firm supports clients in their macroeconomic scenario analysis and policy due diligence. She tracks how governments use their balance sheets to meet economic and political goals and the ways resource wealth is managed. This includes sanctions, export controls as well as sovereign investment and industrial policy. 

A broad expert in energy policy, Rachel writes regularly about dynamics across the fossil fuel industry, renewable energy and the development of critical mineral supply chains. She is an expert in how sanctions reshape energy markets and the macro economy of target and sending nations, including the unintended consequences on development. 

She is also Senior Advisor, Sanctions at Horizon Engage,  Adjunct Senior Fellow at the Center for a New American Security (CNAS) and a non-resident fellow at the Gulf International Forum. She teaches International Political Economy at New York University’s Center for Global Affairs. As part of her commitment to supporting the next generation she serves on the advisory board of the Harriman Foreign Service Fellows, which supports state department interns. 

Before founding Ziemba Insights, Rachel served as the head of emerging markets research at Roubini Global Economics, a global macro strategy and country risk firm. In that capacity she co-led the research team, oversaw the emerging market and commodity research including, the firm’s quarterly global economic outlook and scenario production and implementing many of its customized research projects and due diligence exercises for private equity firms.

Rachel regularly serves as an expert commentator in key media outlets including CNBC, Bloomberg, New York Times, Financial Times, and her research has been cited by a range of international institutions including the International Monetary Fund, World Bank and European Central Bank as well as many Academic Institutions.  She is the co-author of “Scenarios for Risk Management and Global Investment Strategies”  and “Investing in the Modern Age” both with Professor William Ziemba, her late father.

Rachel started her career in international development, working for the Canadian International Development Agency in Egypt, and the International Development Research Centre in Ottawa on development economic issues. She was also a US State Department intern at the Embassy in Paris and the US Consulate in Toronto.

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 (with distinction). She holds the Sustainability and Climate Risk certificate from GARP.