Before joining UBS, Seth was Head of US Research at Rokos Capital Management. Prior to this position, he had a long career in the public sector. Seth was at the United States Department of Treasury for 2-1/2 years, where he was nominated by President Obama to be Assistant Secretary for Financial Markets after being Deputy Assistant Secretary for Macroeconomic Analysis. Prior to Treasury, Seth worked for 15 years at the Board of Governors of the Federal Reserve System. He joined as a research economist, rising to the level of Deputy Director of the Division of Monetary Affairs.