Prabal Chakrabarti NME Board

Prabal Chakrabarti


Prabal Chakrabarti is Senior Vice-President at the Federal Reserve Bank of Boston in the Regional and Community Outreach department, with a mission to improve the economic well-being of low and moderate-income people. He oversees department initiatives with a focus on revitalizing smaller cities through the Working Cities Challenge, improving household financial stability, and increasing employment opportunities for all.

Previously, Mr. Chakrabarti was at the Initiative for a Competitive Inner City, where he led a research effort under Harvard Business School Professor Michael Porter to measure economic competitiveness in America’s inner cities. He served in the U.S. Treasury in economic policy and he co-wrote a UNDP report Unleashing Entrepreneurship: Making Business Work for the Poor.

Mr. Chakrabarti holds graduate degrees from MIT and Oxford University, where he was a Marshall Scholar, and a B.S. from the University of Illinois, where he was a Truman Scholar. He also serves on the Children’s Investment Fund Board.

For the Nellie Mae Education Foundation, Mr. Chakrabarti serves on the Grants Policy & Program Committee and Organizational Measurement Committee.