Former J.P. Morgan Head of US Interest Rate Strategy Alex Roever Joins SOFR Academy as Senior Advisor

Roever Brings More Than 25 Years of Experience in Fixed Income Strategy at J.P. Morgan Securities LLC

NEW YORK – November 6, 2023 – Today, SOFR Academy, an economic education and market information provider, announced the appointment of Alex Roever as Senior Advisor to the firm effective November 1, 2023.

Mr. Roever previously worked at J.P. Morgan Securities for over 25 years. For nearly a decade he was Managing Director and Head of US Interest Rate Strategy. Roever and his team were selected multiple times to top positions on Institutional Investor Magazine’s All-America Fixed Income Research Team for their work in the US Rates Strategy, US Fixed Income Strategy and Short Duration Strategy.

In the wake of the 2008 Global Financial Crisis, Roever and his team were among the first to identify and comment on irregularities between USD Libor and actual unsecured bank borrowing costs. This persistence of this mismatch led to interest rate benchmark reform, and ultimately to the development of the Secured Overnight Financing Rate (“SOFR”) for US markets. Roever was active in USD benchmark reform efforts for several years.

Roever, a CFA Charterholder, currently serves as a Senior Director at the CFA Institute and will continue in this role. He earned an MBA from Emory University, a MA in economics from Georgia State and a BA from Vanderbilt University.

Alex brings extensive financial services experience. His research at J.P. Morgan was highly regarded and widely read throughout the industry. He has incredible perspective regarding a broad range of complex financial topics and a deep understanding of interest rates and fixed income markets, including their impact on financial institutions. We are thrilled to welcome Alex, and we look forward to the valuable perspective he will provide,” said Marcus Burnett, Chief Executive Officer of SOFR Academy.

“I’m excited to be working with SOFR Academy as an advisor, and I hope that my experience and perspective will be an asset for the firm,” said Alex Roever.

In 2022 Invesco Indexing LLC, an independent index provider owned by global asset manager Invesco Ltd (NYSE: IVZ), partnered with SOFR Academy to launch the first-of-their-kind US-dollar Across-the-Curve Credit Spread Indices (“AXI”) and US-dollar Financial Conditions Credit Spread Indices (“FXI”). These indices work in conjunction with SOFR and address a concern communicated by a group of American banks. This concern was that under a SOFR-only environment in times of economic stress, the return on banks’ SOFR-linked loans would decline, while banks’ unhedged costs of funds would increase, thus creating a significant mismatch between bank assets (loans) and liabilities (borrowings). AXI / FXI feasibility studies have been completed for China, Europe and Japan with additional studies in progress for Brazil, India and Mexico.

About SOFR Academy

SOFR Academy is a member of the Asia Pacific Loan Market Association (APLMA), American Economic Association (AEA), the Loan Syndications and Trading Association (LSTA), the International Swaps and Derivatives Association (ISDA), the Bankers Association for Finance and Trade (BAFT) which is a wholly owned subsidiary of the American Bankers Association (ABA), the U.S. Chamber of Commerce (USCC) and Bretton Woods Committee (BWC). For more information, please visit

SOFR Academy Disclosures

SOFR Academy supports near risk-free rates such as SOFR, €STR, TONA, TORF, and the Chinese Depository-Institutions Repo Rate (DR). Over time, we also support robustly defined across-the-curve credit spread supplements such as AXI and FXI which can be used in conjunction with risk-free rates. SOFR is published by the Federal Reserve Bank of New York (The New York Fed) and is used subject to The New York Fed Terms of Use for Select Rate Data. The New York Fed has no liability for your use of the data. Neither AXI or FXI are associated with, or endorsed or sponsored by, The New York Fed, or the Federal Reserve System.          

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