Press Release

New York Fed Names 12 Vice Presidents and Six Senior Vice Presidents

January 23, 2017

NEW YORK—The Federal Reserve Bank of New York announced that its board of directors has approved the promotion of 12 assistant vice presidents to vice president and six vice presidents to senior vice president.


The following people have been promoted to senior vice president:


Christopher Armstrong has been promoted to senior vice president in the cash and custody function of the Financial Services Group.

Mr. Armstrong joined the Bank in January 2009 as an officer in the paying and receiving division in the cash and custody function. He joined the currency verification division in July 2010 and was promoted to assistant vice president in January 2011.

In January 2015, he was promoted to vice president and currently serves as the head of the cash and custody function and the district's Cash Advisory Group (CAG) representative.

Prior to joining the Bank, he worked in private-sector manufacturing companies.

Mr. Armstrong holds a bachelor of science in mechanical engineering from Virginia Tech and masters of business administration in finance from Bryant University.

Vic Chakrian has been promoted to senior vice president in the financial market infrastructure function of the Supervision Group.

Mr. Chakrian joined the Bank in September 2004 as a responsibility manager in central bank and international account services in the Markets Group. He was named an officer of the Bank in July 2007 and promoted to assistant vice president in December 2009. He transferred to the Supervision Group in October 2011 and was promoted to vice president in 2014.

Prior to joining the Bank, Mr. Chakrian was a vice president of asset liability management at Brown Brothers Harriman & Co.

Mr. Chakrian holds a bachelor of science in economics and a master of business administration in financial services from the Peter Tobin College of Business at St. John's University.

Thomas Ferlazzo has been promoted to senior vice president in the enterprise risk supervision function of the Supervision Group.

Mr. Ferlazzo joined the Bank in September 2008 as a senior bank examiner and was assigned to the broker dealer services department in the Supervision Group. He transferred to the payments, settlements infrastructure department and risk management function on January 2009 and was reassigned to the relationship management function in April 2009.

He was promoted to supervising examiner in May 2010 and appointed an officer of the Bank in July 2011.

Mr. Ferlazzo holds a degree in business from the City University of New York.

Wing Oon has been promoted to senior vice president in the enterprise risk supervision function of the Supervision Group.

Ms. Oon joined the Bank in March 2007 as a credit risk team leader in the Bank Supervision Group and was promoted to various positions within the credit risk department.  She was appointed an officer of the Bank in January 2009 and worked on various Federal Reserve System initiatives, including the Supervisory Capital Assessment Program (SCAP) and Comprehensive Capital Analysis and Review (CCAR). Ms. Oon was promoted to assistant vice president in January 2011 and vice president in January 2013.  She was named head of the credit risk department in May 2014.

Prior to joining the Fed, she worked in the financial industry with 20 years of credit risk management experience.

Ms. Oon holds a bachelor of science in biochemistry and a master of science in operations research, both from the State University of New York at Stony Brook.

Ming Chan has been promoted to senior vice president in the solution delivery function of the Technology Services Group.

Ms. Chan joined the Bank in July 1988 as an assistant programmer in the operations systems department. She progressed through the programmer/analyst job family to special project director in August 2000.

Ms. Chan was appointed an officer of the Bank in January 2008 and promoted to assistant vice president in January 2010.

Ms. Chan holds a bachelor of arts in computer science from New York University.

Joseph Leonard has been promoted to senior vice president in the information security function of the Technology Services Group.

Mr. Leonard joined the Bank in February 2006 as a senior analyst in the national incident response team. He was appointed an officer in January 2012 and assistant vice president in July 2013. In January 2016, he was promoted to vice president. He also currently serves as the information security officer of the Bank.

Mr. Leonard holds a bachelor's degree in economics from Drew University and a master's degree in information systems from Stevens Institute of Technology.


The following people have been promoted to vice president:


Catherine Kung has been promoted to vice president in the Legal Group.

Ms. Kung joined the Bank in March 2004 as an attorney in the bank supervision and markets division of the legal department. In July 2005, she was appointed an officer of the Bank with the title of Counsel. Her areas of responsibilities include discount window lending and bank regulatory work. During the financial crisis, she worked on many of the Bank's emergency lending facilities.

Ms. Kung began her legal career as a corporate associate at Chadbourne & Parke LLP and later joined the credit department of Simpson Thacher & Bartlett LLP.

Ms. Kung holds a bachelor's degree from Barnard College and a JD from New York University School of Law.

Oliver Giannotti has been promoted to vice president in the market operations, monitoring and analysis function of the Markets Group.

Mr. Giannotti joined the Bank in July 1990 as an auditor and was promoted to senior auditor in January 1993.

He progressed through the analyst job family to senior financial/economic analyst roles in the Markets Group, holding positions of increasing responsibility in the former Market Surveillance Group, the Open Market Trading Desk, and the Treasury Auction Staff.  In June 2003, he was appointed an officer of the Bank and assistant vice president in January 2008. He transferred to the market operations, monitoring and analysis function in November 2008 and currently leads a team managing the Treasury auction business on behalf of the United States Treasury.

Mr. Giannotti holds a bachelor of business administration in finance and banking and a master of business administration in international business, both from Hofstra University.

Frank Keane has been promoted to vice president in the market operations, monitoring and analysis function of the Markets Group.

Mr. Keane joined the Bank in March 1982 as an investment analyst in the foreign exchange department. Since then, he has held a number of positions in the Group.

In April 2000, he transferred to the domestic capital markets unit and was reassigned to the treasury markets function in November 2002. He was appointed an officer of the Bank in July 2006 and promoted to assistant vice president in July 2009.

Mr. Keane holds a bachelor of arts in economics and philosophy from the State University of New York at Oneonta and a master of business administration in finance from New York University.

Marco Del Negro has been promoted to vice president in the macro and monetary studies function of the Research and Statistics Group.

Mr. Del Negro worked for seven years at the Federal Reserve Bank of Atlanta as an economist, in the research department. He transferred to the New York Fed in July 2007 as an officer and was assigned to the macroeconomic and monetary studies function. He was promoted to assistant vice president in January 2009.

Mr. Del Negro holds a bachelor of arts in economics and social disciplines from Bocconi University, Italy, a Ph.D. in economics from University of Bologna, Italy, and a Ph.D. in economics from Yale University.

Anna Kovner has been promoted to vice president in the financial intermediation function of the Research and Statistics Group.

Ms. Kovner joined the Bank in 2008 as an economist. In 2013, she was appointed an officer of the Bank and promoted to assistant vice president in 2015. Her main area of expertise is corporate finance, including private equity and banking. She has worked on projects related to stress testing and currently leads the pre-provision net revenue (PPNR) supervisory modeling team for Dodd Frank Act Stress Testing (DFAST).

Ms. Kovner holds a bachelor's degree in economics from Princeton University, a master of business administration from Harvard Business School, and a master's degree and Ph.D. in business economics from Harvard University.

Danny Brando has been promoted to vice president in the group operations function of the Supervision Group. He also currently serves as the chief information officer of the Group.

Mr. Brando joined the Bank in March 2004 as a senior electronic security analyst and was assigned to the national incident response team. He was appointed an officer of the Bank in January 2010 and transferred to the technology engineering department leading the emerging technologies, national remote access services, enterprise research and mobile application development. In July 2011, he was promoted to assistant vice president.

Mr. Brando holds a bachelor of science in computer science from Montclair State University and a master of science in technology management from Columbia University.

Stephanie Chaly has been promoted to vice president in the complex financial institution function (LISCC portfolio) of the Supervision Group.

Ms. Chaly joined the Bank in March 1999 as a bank examiner on the compliance risk team and has held various positions throughout the Supervision Group, including leading supervisory teams at large complex financial institutions from 2006 to 2011. She currently manages the strategy and operations team within the LISCC portfolio and leads a number of efforts under the New York Fed's Industry Cultural Reform initiative.

She was appointed an officer of the Bank in July 2008 and promoted to assistant vice president in July 2011.

Ms. Chaly holds a bachelor of arts in history and international studies from Northwestern University and a Master's in international economics and European studies from John Hopkins University.

Bettyann Griffith has been promoted to vice president in the regional, community, foreign and consumer compliance banking organizations function of the Supervision Group.

Ms. Griffith joined the Bank in July 1987 as an auditor. She was promoted to various positions within the audit department and held various roles at the Bank.

She was appointed an officer of the Bank in July 2007 and assigned to the chief of staff's office in January 2008 as deputy chief of staff for operations. In October 2008, she was reassigned to the human resources function and promoted to assistant vice president in January 2009.

Ms. Griffith holds a business degree in accounting information systems from Pace University.

Brian Hefferle has been promoted to vice president in the enterprise risk supervision function of the Supervision Group.

Mr. Hefferle joined the Bank in June 2008 as a senior supervisor assigned to the liquidity risk department. He was promoted to examining officer in July 2012 and assistant vice president in January 2014.

He currently leads and manages the funding and liquidity risk analytics department responsible for the cross-firm liquidity risk analytics platform for the Federal Reserve System's large institution supervision coordinating committee (LISCC) portfolio.

Prior to joining the Bank, Mr. Hefferle held various senior treasury management positions on funding desks at several large foreign banking organizations.

Mr. Hefferle holds a bachelor's degree in finance and economics from New York University, Stern School of Business with concentrations in finance and economics.

Tricia Kissinger has been promoted to vice president in the complex financial institution function (LISCC portfolio) of the Supervision Group.

Ms. Kissinger joined the Bank in July 2000 as a financial economic analyst in the financial markets and institutions department of the Emerging Markets and International Affairs Group. She held various positions in the department and was appointed an officer of the Bank in January 2011.

Ms. Kissinger holds a bachelor of arts in international relations from Franklin and Marshall College and a master of public policy in international affairs from the University of Pittsburgh.

Katherine Tilghman Hill has been promoted to vice president in the supervisory policy and strategy function of the Supervision Group.

Ms. Tilghman Hill joined the Bank in July 2004 as a financial economic analyst in the financial sector policy and analysis function. She was appointed an officer of the Bank in July 2011.  Ms. Tilghman Hill has held a variety of management roles, including overseeing a team of financial analysts supervising a large, complex financial institution and a team of cross-firm capital policy specialists. She currently leads the international policy team with responsibility for providing strategic direction on a variety of international supervisory policy issues, including those related to the Basel Committee on Banking Supervision.

Ms. Tilghman Hill holds a bachelor of arts in international relations from Brown University and a master of arts in international finance from the Johns Hopkins University School of Advanced International Studies.

David Arzt has been promoted to vice president in the solution delivery function of the Technology Services Group.

Mr. Arzt joined the Bank in June 1984 as a senior program analyst.  He was re-employed in 2009 as a senior technical specialist and promoted to application manager in January 2010. He was appointed an officer of the Bank in January 2011 and led the development of the Fedwire securities modernization initiative.

Prior to joining the bank, Mr. Arzt worked at Morgan Stanley and the Depository Trust & Clearing Corporation.

Mr. Arzt holds a bachelor of science in computer science from Brooklyn College.

Contact
Serene Ong
(212) 720-5215
Serene.Ong@ny.frb.org