Dr. Ghayad has extensive experience advising governments and other sovereign entities on complex financial and economic matters, including debt restructuring and fiscal and monetary policy issues. He is also an expert in regulatory compliance, focusing on anti-money laundering (AML), sanctions, fraud, anti-bribery and corruption (ABC), and related areas.
Dr. Ghayad assists clients in regulatory and enforcement matters, with a particular emphasis on technology, analytics and machine learning, suspicious activity monitoring, risk assessments, and reducing high risk in areas such as digital assets and correspondent banking. He has assisted corporations, the US Department of Justice, and the Securities and Exchange Commission in developing economic and financial analyses in a variety of high-profile investigations involving false claims, Ponzi schemes, financial market fraud, and shams. He has also worked on securities class actions requiring econometric damages analysis and valuation disputes, as well as conducted statistical and damages analyses related to alleged discrimination in hiring, promotion, pay, and contracting.
Before joining Brattle, Dr. Ghayad was an economic advisor at the International Monetary Fund. There, he advised countries on a broad range of macroeconomic and financial issues, from the comprehensive surveillance review and sovereign debt defaults to institutional modernization initiatives, including the Fund’s overall response to COVID-19.
Previously, Dr. Ghayad was an economic consultant with the Brookings Institution, the Federal Reserve Bank of Boston, and MIT’s Institute for Work and Employment Research. He worked closely with the Obama administration to implement policies and regulations that would reduce long-term unemployment. He has been retained to provide expert advice on labor market reforms to numerous governments, including France, the UK, Kuwait, and Qatar.
Rand participates in a variety of pro bono policy work at the state and regional levels. He is currently on the boards of the International Foundation of Women’s Empowerment and the American Foundation for Educational Excellence.
Additionally, he is an Adjunct Professor at Harvard University. Rand takes an active interest in studying discrimination in labor markets. Recently, he has focused his research on the sharp increase in long-term unemployment during and after the Great Recession.