FACTBOX: Obama names economic advisory panel

(Reuters) - President Barack Obama named a panel of economists, business leaders, academics and labor leaders on Friday who will help shape his response to the worst economic crisis in decades.

Obama announced in November he was creating the Economic Recovery Advisory Board, which is modeled on an existing board that advises the White House on intelligence matters.

The economic panel will be chaired by former Federal Reserve Chairman Paul Volcker. Austan Goolsbee, a longtime Obama adviser, is the board's staff director and chief economist. Goolsbee is also a member of the White House Council of Economic Advisers.

Following are the names of the other 15 people who will serve on the board:

* William Donaldson, who served as chairman of the Securities and Exchange Commission in the Bush administration from 2003 to 2005

* Roger Ferguson Jr., president and chief executive of TIAA-CREF and a former vice chairman of the Federal Reserve Board of Governors

* Robert Wolf, chairman and chief executive of UBS Group Americas

* David Swensen, chief investment officer at Yale University

* Mark Gallogly, founder and managing partner of the private equity firm Centerbridge Partners L.P.