New York Fed Upgrades the Wholesale Product Office

The Federal Reserve Bank of New York announced that the Wholesale Product Office ("WPO") would now be a stand-alone Group within the Bank. The WPO, currently a function within the Bank's Executive Office, manages the Fedwire Funds, Fedwire Securities and the National Settlement Service. The Bank also announced that Richard P. Dzina will be promoted to executive vice president and group head, effective July 1, 2015.

See: NY Fed Press Release.