David McCormick

Chief Executive Officer

David joined Bridgewater in 2009 and was President and Co-CEO before becoming CEO in 2020. Prior to Bridgewater, he was the US Treasury Under Secretary for International Affairs in the George W. Bush Administration during the global financial crisis, and also had senior roles on the National Security Council and in the Department of Commerce.

From 1999-2005 David served as CEO and then President of two publicly-traded software companies, and before that was a consultant at McKinsey & Company. He is a graduate of the United States Military Academy, a former Army officer and veteran of the First Gulf War, and has a Ph.D. from Princeton’s School of Public and International Affairs.

David is a Trustee for The Hospital for Special Surgery (HSS) and the Aspen Institute and is the Chairman of the Atlantic Council’s International Advisory Board.

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More from David McCormick
May 13, 2021
CEO David McCormick served as the keynote speaker for FourBlock’s Career Readiness Program. David, a Gulf War combat veteran, outlined ways that graduates of the program can utilize their military service as an asset in the private sector.
May 13, 2021
In this essay for National Review, CEO David McCormick and Bridgewater colleague James Cunningham argue that America should increase high-skilled immigration. They describe how the country’s ability to draw global talent is one of its defining advantages, making it more innovative and secure, and they outline an agenda for policymakers to attract and retain more skilled immigrants.
April 30, 2021
In a round-up of nearly 40 CEOs across the country, CEO David McCormick comments on the current moment for business leaders and “what’s next” for Bridgewater. David shares the firm’s vision on returning to work, emphasizing the importance of flexibility and making campus life a real privilege for employees. David also describes his experience navigating the firm over the past year, the necessity of communication and open dialogue, and reflects on the progress of Bridgewater’s diversity and inclusion agenda.
April 6, 2021
At a Princeton University event, CEO David McCormick joins Chief of Staff of the Air Force General C.Q. Brown to discuss the global technology race and US national security. David describes how technological leadership has become increasingly vital to economic success and security, and he and General Brown share their views on the importance of fostering diverse and creative teams to spur innovation.
January 21, 2021
In a Q&A with Bloomberg’s Erik Schatzker, CEO David McCormick addresses the challenges facing policymakers today against a backdrop of enormous uncertainty and polarization. He describes why, despite the effects of the pandemic and concerns about inequality, he remains optimistic about the future.
In Foreign Affairs, CEO David McCormick and Matthew Slaughter, Dean of the Tuck School of Business at Dartmouth University, identify the growing centrality of data to trade, innovation, and national power. Warning that some countries want to control it, they outline how America can form a coalition to craft international rules encouraging the free flow of data while protecting the privacy and security of citizens.
In a wide-ranging conversation, CEO David McCormick interviews Bridgewater’s Founder and Co-CIO, Ray Dalio, about his journey through the various phases of life and the transition of Bridgewater to the next generation of leaders. Among many words of wisdom, Ray offers this advice: “Be audacious and humble at the same time.”
November 2020
The US-China relationship will undoubtedly be the most important bilateral relationship impacting the world over the next decade. In this three-part series, Bridgewater Founder and Co-CIO Ray Dalio, former Prime Minister of Australia Kevin Rudd, and Bridgewater CEO David McCormick put the US-China relationship in context. They explain how it has developed, what the major points of competition are, and how the evolution of this relationship may impact investors.
Directors of Investment Research Karen Karniol-Tambour and Rebecca Patterson and Co-Lead of Equity Research Erin Miles join CEO David McCormick to discuss our latest research initiatives and offer advice from their journeys to the top of Bridgewater’s investment team.
December 8, 2020
CEO David McCormick and Bridgewater colleague James Cunningham warn that the US military risks losing its technological edge. They present a two-prong strategy for getting it back — reforming policies governing the defense ecosystem and fundamentally shifting the culture of the military to embrace experimentation, risk-taking, and innovation.
CEO David McCormick discusses how the US can prepare itself to compete in a new era in which economic and national security increasingly overlap. Speaking from industry and government experience, David lays out private and public sector solutions, while also unpacking the state of the global economy, the impact of COVID-19, and how America’s economy could be reshaped to realize equality of opportunity.
Similar to the unconventional paths that lead our employees to Bridgewater, our CEO David McCormick spent more than 20 years in the military, government and business before embarking on his Bridgewater journey. From his service as an Army Ranger in the Gulf War and as the US Under Secretary of the Treasury for International Affairs to leading two public companies as President and CEO, David brings tremendous diversity of thought and experience to Bridgewater.
August 27, 2020
David describes how benefits are a critical lever for living out our values and commitment to diversity and inclusion. He outlines the importance of starting with the right questions, thinking through second- and third-order consequences, and being both highly systematic and iterative in the approach.
October 28, 2020
In a chapter contributed to the Aspen Strategy Group’s book on the future of international order, CEO David McCormick calls on America to adopt a policy for national innovation as a means to renew its economic and military strength. He warns that the country must craft a better, new normal as it recovers from COVID-19.
May 22, 2020
In a note to Bridgewater employees, CEO David McCormick reflects on the meaning of Memorial Day in the midst of the COVID-19 pandemic.
May 31, 2020
CEO David McCormick shared the following email with colleagues in response to the protests and riots unfolding across the United States.
In this paper, originally published in the Texas National Security Review, CEO David McCormick and Bridgewater colleagues Charles Luftig and James Cunningham outline an agenda for how America can preserve its leadership position in the world – laying out ways to promote development of critical technologies, adopt strategic approaches to economic statecraft and diplomacy, and restructure government agencies to better implement these policies.
May 17, 2020
David McCormick
In an op-ed written for the Financial Times, CEO David McCormick suggests how policymakers can renew and sustain America’s global economic leadership in the aftermath of the pandemic, advocating for a robust national innovation policy agenda.
In an opinion piece for the Financial Times, CEO David McCormick wrote about the elevated role megafunds play in financial markets and how blocking the flow of capital between them can have negative implications for the global economy — particularly during times of volatility.
In a fireside chat hosted by Declare, CEO David McCormick interviews Head of Investment Research Karen Karniol-Tambour about her rise through the ranks of Bridgewater, the value of mentorship and feedback, and her outlook on the global economy.
In a discussion hosted by Citigroup, CEO David McCormick discusses the liberating effect of operating in an environment where everyone is expected to communicate their honest thoughts and opinions.
In a recent appearance at Carnegie Mellon University, CEO David McCormick returned to his native Pittsburgh area to speak about why he is proud to have been an early contributor to the city’s growing tech space and to discuss Bridgewater’s outlook on the US economy.
A veteran himself, McCormick encourages readers to shift the narrative around veterans and support their transition back to the civilian world.
CEO David McCormick joins Dickinson College students to discuss the importance of mentorship in fostering leadership skills.
In an interview with Korn Ferry about evolving digital trends in the workplace, CEO David McCormick describes how Bridgewater's practice of recording all meetings has encouraged employees to be more candid, recognize their strengths and weaknesses, and cultivate more meaningful relationships.
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