People

Terrence  Belton

Terrence Belton

Formal First Name
Terrence
Nick Name
Terry
Link

Dr. Terrence Belton is a distinguished economist and banking executive who has long been recognized as a thought leader in the area of portfolio risk management and analysis. Belton spent 27 years at JP Morgan Chase, where he most recently served as Managing Director and Head of Global Portfolio Strategy for the firm's CIO. Before that, he was JP Morgan’s Global Head of Fixed Income and FX Research. His team was consistently awarded the #1 ranking in the Institutional Investor annual survey. He also served as a Senior Economist for the Federal Home Loan Mortgage Corporation, and an Economist at the Federal Reserve Board in Washington, DC. Belton has co-authored several books and has inspired professionals and academics through his publications. He is widely credited for helping develop the Treasury futures and basis markets with his bookThe Treasury Bond Basis.” Belton is Adjunct Professor of Finance at the University of Chicago, where he has taught since 1995.

Professional Experience


Academic History

JP MORGAN

  • Belton oversaw interest rate risk management for JPMorgan Chase as well as strategy around the firm’s investment portfolio

  • He also served as Head of Derivatives Strategy, and after joining JP Morgan in 1993, was Americas Co-Head of Futures.

  • He served as a member of the U.S. TBAC, which presented its observations to the U.S. Treasury Department on the overall strength of the U.S. economy.

  • He was a member of the Alternative Reference Rate Committee, convened by the Federal Reserve Board, to help ensure a successful transition from USD LIBOR to a more robust reference rate.


EARLY CAREER