NY Fed Appoints 'First Vice President' and COO

The Federal Reserve Bank of New York ("NY Fed") named Naureen Hassan first vice president and chief operating officer. In this role, Ms. Hassan will serve as the NY Fed's second ranking officer and an alternate voting member of the Federal Open Market Committee.

Ms. Hassan comes to the NY Fed with experience in digital business transformation, cybersecurity and regulatory/risk management, most recently serving as Chief Digital Officer for Morgan Stanley Wealth Management.

The appointment, which begins March 15, 2021, was approved by the Board of Governors of the Federal Reserve System.