# Michael Kremer appointment as World Bank Chief Economist

> Live situation record from CLSTR: https://clstr.news/situations/michael-kremer-appointment-as-world-bank-chief-economist
> Updated: 2026-10-05T04:56:26.000Z. Sources: 9. Developments: 2.

The World Bank Group has appointed Nobel laureate Michael Kremer as its new Chief Economist and Senior Vice President for Development Economics. Kremer, a professor at the University of Chicago, is set to succeed Indermit Gill. 

World Bank President Ajay Banga noted that Kremer’s expertise is essential for addressing global challenges, such as job creation for the 1.2 billion young people expected to enter the workforce over the next decade. Kremer has indicated that technologies like artificial intelligence offer opportunities to transform approaches to development hurdles.

## Timeline

### 2026-10-05: World Bank, HSBC, and J.P. Morgan announce leadership changes

The World Bank, HSBC, and J.P. Morgan have announced key leadership transitions, including Michael Kremer as chief economist and new co-CEOs for J.P. Morgan’s U.S. Private Bank.

2 sources. https://clstr.news/cluster/world-bank-hsbc-and-jp-morgan-announce-leadership-changes

### 2026-09-16: Michael Kremer appointed as World Bank Chief Economist

Nobel laureate Michael Kremer has been named the new Chief Economist of the World Bank, effective October 1, 2026, to lead the institution's research and development agenda.

7 sources. https://clstr.news/cluster/world-bank-appoints-nobel-laureate-michael-kremer-as-chief-economist

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Cite as: Michael Kremer appointment as World Bank Chief Economist. CLSTR, https://clstr.news/situations/michael-kremer-appointment-as-world-bank-chief-economist