January 8, 2018
Economic forecasting added to leading audit, tax and advisory firm
Diane Swonk, founder of DS Economics, is moving her team to Grant Thornton LLP to add economic forecasting as part of the firm’s expansion in client services.
Swonk, who will serve as Grant Thornton’s chief economist, uses uniquely derived insights to illuminate how shifts in the global economy affect a broad range of industries. “This is an extraordinary opportunity to leverage Grant Thornton’s resources to serve clients in a comprehensive manner,” Swonk said. “We are looking forward to collaborating and adding our expertise in fiscal and monetary policy, as well as a deep understanding of shifting labor market conditions at this pivotal time for the economy; as an industry leader with a global presence, Grant Thornton allows us to serve a broad and diverse client base.”
“Businesses today are undergoing a huge amount of change,” said Grant Thornton CEO Mike McGuire. “Companies need sharp and timely economic insights to succeed – the very insights that have made Diane so well-known. With her knowledge and experience across multiple sectors, including the high-growth middle market, Diane and her team complement our forward-thinking approach to solving clients’ problems.”
Swonk and her team will be based in Grant Thornton’s headquarters in Chicago.
Through her boutique consultancy firm DS Economics, Swonk has advised clients from the Fortune 500 to small and midsize firms. Previously, she was Chief Economist at Mesirow Financial and Director of Economics for Bank One Corporation. She served two terms as an advisor to the nonpartisan Congressional Budget Office and Swonk advises the Federal Reserve. She is a distinguished Fellow and past-President of the National Association for Business Economics (NABE) and a member of the Council on Foreign Relations.
Swonk serves on the Sitting Committee for the Booth School of Business at the University of Chicago and advises the Department of Economics at the University of Michigan. She sits on the NABE Statistics and Policy Committees as well as the board for the NABE Foundation. She is an active member of the board of the Posse Foundation in Chicago, a nonprofit dedicated to expanding access to higher education. She has also served on a number of other nonprofit boards including the Joffrey Ballet, as well as state and local advisory panels.
She received her bachelor’s and master’s degrees in economics with top honors from the University of Michigan. She received a master’s degree in business administration in finance from the University of Chicago, also with top honors.
About Grant Thornton LLP
Founded in Chicago in 1924, Grant Thornton LLP (Grant Thornton) is the U.S. member firm of Grant Thornton International Ltd, one of the world’s leading organizations of independent audit, tax and advisory firms. Grant Thornton, which has revenues in excess of $1.7 billion and operates 59 offices, works with a broad range of dynamic publicly and privately held companies, government agencies, financial institutions, and civic and religious organizations.
“Grant Thornton” refers to Grant Thornton LLP, the U.S. member firm of Grant Thornton International Ltd (GTIL). GTIL and the member firms are not a worldwide partnership. Services are delivered by the member firms. GTIL and its member firms are not agents of, and do not obligate, one another and are not liable for one another’s acts or omissions. Please see grantthornton.com for further details.