David R. Kotok is the Chairman and Chief Investment Officer of Cumberland Advisors.  He cofounded the firm in 1973 and has guided its investment strategy from inception.  Mr. Kotok holds a B.S. degree in economics from The Wharton School as well as dual master’s degrees from the University of Pennsylvania.

Mr. Kotok maintains an active global presence as the Director and Program Chairman of the Global Interdependence Center (GIC), a Philadelphia-based global trade and monetary policy think tank. Mr. Kotok is the global chair of the GIC 2009-2010 Capital Markets Series that will be held in successive meetings in Vietnam, China, Chile, Czech Republic, France, and Philadelphia.  He most recently chaired the GIC 2009 Food & Water Conference Series with meetings held in Philadelphia, Paris, Livingstone (Zambia), and Singapore.     

Mr. Kotok’s articles and financial market commentary have appeared in The New York Times, The Wall Street Journal, Barron's, and other publications. He is a frequent contributor to CNBC programs, including Morning Call, Power Lunch, Kudlow & Company, Squawk on the Street, Squawk Box Asia, and Worldwide Exchange.

Mr. Kotok is a member of the National Business Economics Issues Council (NBEIC), the National Association for Business Economics (NABE), the Philadelphia Council for Business Economics (PCBE), and the Philadelphia Financial Economists Group (PFEG).  He has also served as a Commissioner of the Delaware River Port Authority (DRPA), on the Treasury Transition Teams for New Jersey Governors Kean and Whitman, on the board of the New Jersey Economic Development Authority, and as Chairman of the New Jersey Casino Reinvestment Development Authority.