NEW YORK—The Federal Reserve Bank of New York today announced that Bill Christie, executive vice president and head of the Technology Services Group (TSG), has announced his intention to retire from the Bank in mid-November.
Mr. Christie will step down immediately as the Bank’s Chief Information Officer (CIO) and head of TSG to focus exclusively on the modernization of the Fedwire Securities Service, which is a top priority for the Bank and an integral part of the Federal Reserve System’s payments system improvement strategy.
“Bill has been a forceful agent of change in TSG and has transformed the way the Group functions in support of the Bank’s and System’s mission,” said William C. Dudley, president and chief executive officer of the New York Fed. “The modernization project is highly complex and technology-dependent and I appreciate his willingness to see it through to completion. I am also grateful for his counsel and leadership over the years and wish him well in the next chapter of his life.”
Lee Alexander, senior vice president for Application Development, will serve as acting CIO while the search for Mr. Christie’s replacement takes place.
Mr. Christie joined the Bank in 2008 as executive vice president and head of the Bank’s Automation and System Services Group, after a 30-year career as an IT professional during which he held the top technology positions at several large companies. Mr. Christie began his career working for IBM as an application developer, prior to which he served in the United States Army.
Mr. Christie received a bachelor’s degree in computer science from St. John’s University and masters in information systems management from Marist College.