Press Release
New York Fed Names Three Senior Vice Presidents, Four Vice Presidents
June 28, 2007

NEW YORK – The Federal Reserve Bank of New York’s board of directors has approved the promotion of three senior vice presidents, three vice presidents and the appointment of a new vice president.

Richard P. Dzina has been promoted to senior vice president in central bank and international account services, Markets Group.  He had been a vice president in the same area since September 2006 and in the international cash department, Financial Services Group, since January 2006.  He had been an assistant vice president in the international cash department since June 2004 and in the treasury market policy staff of the Markets Group since June 2003. 

In June 1999, he was named an officer of the Bank assigned to the cash management department.  Mr. Dzina joined the Bank in July 1991 as a bank examiner.

Mr. Dzina holds a B.A. degree from Princeton University and an M.B.A. from Columbia Business School.

Kenneth P. Lamar has been promoted to senior vice president in the statistics function, Research and Statistics Group.  He had been a vice president since January 2003 and assistant vice president since December 1995, both in the same area.
In March 1993, he was named an officer of the Bank assigned to the domestic and regulatory reports department.  Mr. Lamar joined the Bank in February 1980.

James J. McAndrews has been promoted to senior vice president in the money and payments studies function, Research and Statistics Group.  He had been a vice president since December 2001 and assistant vice president since June 2000, both in the same area.

In June 1998, he was named an officer of the Bank assigned to payments studies function.  Mr. McAndrews transferred from the Federal Reserve Bank of Philadelphia in August 1997 as a senior economist.
           
Mr. McAndrews holds a B.A. degree and a Ph.D. from the University of Iowa.

Diane T. Ashley has been named vice president and chief diversity officer in the human resources function, Corporate Group.  Beginning early July, she will assist bank management and the Diversity Advisory Council in implementing a strategy encompassing advocacy, education, management practice, and policy and program development.

Ms. Ashley had been a senior vice president and director of Citigroup Supplier Diversity since 2005 and vice president and director since 2002.  She had been with Citigroup since 1997 in various areas.

From 1995 through 1997 she worked for The Hollins Group Inc. as a vice president and managing director.  From 1994 to 1995, Ms. Ashley was a search consultant for Eric Salmon and from 1986 through 1994, she was a director in research for Gould, McCoy and Chadick.

Ms. Ashley holds a B.A. degree from Yale University, an EdM degree from Boston University and a J.D. degree from Rutgers University School of Law.

Kenneth S. Isaacson has been promoted to vice president in the Wholesale Product Office, Executive Group.  He had been an assistant vice president since November 2005 in the same area and also in the Bank Supervision Group since June 2002.

In June 2000, he was named an officer of the Bank assigned to the credit and risk management function.  Mr. Isaacson joined the Bank in July 1992 as an assistant financial analyst.

Mr. Isaacson holds a B.A. degree from the Washington University of St. Louis and an M.B.A. from Columbia Business School.

Betty S. Lau has been promoted to vice president in the central bank and international account services, Markets Group.  She had been an assistant vice president since July 2002 in that area and to TAAPS Application supervisory staff and the IDD staff since June 1998. 

In May 1995, she was named an officer of the Bank assigned to the safekeeping department.  Ms. Lau joined the Bank in May 1978 as an administrative assistant at the Buffalo branch.
 
Ms. Lau holds a B.A. degree and an M.B.A. from the University of Bridgeport.

Thomas I. Piderit has been promoted to vice president in the automated services, automated solutions department, Markets Group.  He had been an assistant vice president since June 2000 in the same area.

In July 1995, he was named an officer of the Bank and assigned to the central bank services department.  Mr. Piderit joined the Bank in October 1981 as an administrative trainee.

Mr. Piderit holds a B.A. degree from Boston College.