International Desk:
The Federal Reserve Bank of New York has appointed Indian-born insurance veteran Sushmita Shukla as First Vice President and Chief Operating Officer. As first vice president, Shukla, 54, will be the second-highest officer of the organization. The New York Fed said in a statement Thursday that her appointment was approved by the Board of Governors of the Federal Reserve System.
"I feel honored to have the opportunity to work for an institution like the New York Fed," Shukla said in a statement . She added: "I will apply everything I've learned in my career, including my technology, operations and risk-focused experience, to advance key activities and support the dedicated leadership of this important institution."
Along with the bank’s president and chief executive officer, Shukla will establish, communicate and execute the organization’s strategic direction. She’ll also serve as an alternate voting member of the Federal Open Market Committee.
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