Press Release
New York Fed Names Seven Senior Vice Presidents and Ten Vice Presidents
January 21, 2010

NEW YORK – The Federal Reserve Bank of New York announced that its board of directors has approved the promotion of seven senior vice presidents and ten vice presidents.
          
Kausar Hamdani has been promoted to senior vice president of the community affairs department, Communications Group. She has been community affairs officer and head of the department since December 2007.

Ms. Hamdani joined the Bank in September 1982 as an economist in the monetary research department. In January 1990, Ms. Hamdani was appointed an officer of the Bank assigned to the financial studies department. She was promoted to assistant vice president in the bank analysis department in January 1995 and to vice president in the risk management function, Bank Supervision Group in January 2002. She also led the Buffalo branch of the New York Fed from September 2004 to September 2007, and has served on several community, business and academic advisory boards in Upstate New York.

Ms. Hamdani holds a B.A. degree in economics and mathematics from Western College for Women in Oxford, Ohio, and a Ph.D., M.Phil. and an M.A. degree in economics from Columbia University.

James R. Hennessy has been promoted to senior vice president in the Legal Group. He had been a vice president since December 1999.

Mr. Hennessy joined the Bank in September 1992 as a law clerk in the Legal Group. In June 1997, he was promoted to counsel and named an officer of the Bank. He acted as corporate secretary of the Bank from July 1998 to August 2000, worked in the policy and applications function of the Bank Supervision Group from September 2000 to September 2003, and was chief of staff for former New York Fed President Geithner from October 2003 to June 2006.

Mr. Hennessy holds a B.A. degree from St. John’s College, an M.S. degree from Columbia University School of Urban Planning and a J.D. from Columbia University School of Law.

Michael S. Nelson has been promoted to senior vice president in the Legal Group. He had been a vice president and counsel in the same area since January 2000.

Mr. Nelson holds an A.B. degree from Harvard University and a J.D. degree from New York University School of Law.

Jonathan I. Polk has been promoted to senior vice president in the AIG relationship monitoring team in the Special Investments Management Group. He had been a vice president in the same section since March 2009. Mr. Polk was a vice president in the Bank Supervision Group since January 2006 and in the Legal Group since 2000.

Mr. Polk joined the Bank in September 1986 as an attorney in the Legal Group. He resigned from the Bank in July 1989 to accept a position with the law firm of Miller & Wrubell, P.C. He rejoined the Bank in February 1992 as part of the Legal Group’s regulatory enforcement staff, and was named counsel and an officer of the Bank in December 1993.

Mr. Polk holds a B.A. degree from Hobart College and a J.D. degree from Cornell Law School. He is a member of the New York State Bar Association.

Nicholas L. Proto has been promoted to senior vice president in the protection department of the Legal Group. He had been a vice president since January 2001 in the same area.

Mr. Proto joined the Bank in September 1997 as chief investigator in the Legal Group. In January 1998, he was promoted to assistant vice president and was assigned to head the protection department.

Mr. Proto holds a B.S. degree from Mercy College.

Kevin J. Stiroh has been promoted to senior vice president in the financial sector policy and analysis function of the Bank Supervision Group. He had been a vice president and department head in the same area since September 2009, and a vice president in the Research and Statistics Group since November 2008.

Mr. Stiroh joined the Bank in March 1999, and was named an officer in December 2001. In July 2003, he was granted a leave of absence to teach at Wesleyan University. In July 2004, Mr. Stiroh returned to the Bank as an assistant vice president in the banking studies function of the Research and Statistics Group. He was promoted to vice president in July 2006 in the same area. Mr. Stiroh later resigned from the New York Fed to accept a position in the private sector.  He rejoined the Bank in November 2008 as a vice president in the Research and Statistics Group.

Mr. Stiroh holds a B.A. degree from Swarthmore College and an M.A. and Ph.D. from Harvard University.

Til Schuermann has been promoted to senior vice president in the risk management function of the Bank Supervision Group. He is also the Federal Reserve System credit risk specialty officer. He had been vice president and function head in the credit risk department since October 2008, and vice president in the financial intermediation function, Research and Statistics Group since January 2008.

Mr. Schuermann joined the Bank in May 2001 as a senior economist in the banking studies function, Research and Statistics Group. He was named an officer of the Bank in June 2005 in the same area. Mr. Schuermann was promoted to assistant vice president in January 2007 in the financial intermediation function, Research and Statistics Group. He was named function head in September 2007.

Mr. Schuermann holds a B.A. degree from the University of California, Berkeley and an M.S. and Ph.D. from the University of Pennsylvania.

Michael J. Fleming has been promoted to vice president in the capital markets function of the Research and Statistics Group. He has been an assistant vice president since January 2004.

Mr. Fleming joined the Bank in September 1994 as an economist and named an officer of the Bank in the Research and Markets Analysis Group in June 2002.

Mr. Fleming holds a B.A. degree in economics from Colby College and a master’s degree and Ph.D. in business economics from Harvard University.

Robert Galletta has been promoted to vice president in the resource and logistics management function of the Bank Supervision Group. He had been an assistant vice president since January 2008 and was assigned to Bank Supervision in March of 2008.

Mr. Galetta joined the Bank in February 1995, assigned to the Automation Group and was named an officer of the Bank in the Automation and System Services Group in January 2006. Mr. Galletta holds a bachelor’s degree from the College of Staten Island.

Anat Gourji has been promoted to vice president in the technical engineering and computing services function of the Technology Services Group. She had been an assistant vice president since January 2009. Ms. Gourji joined the Bank in March 1997 as a programmer. She was named an officer of the Bank in the Automation and System Services Group in July 2007.

From 2002 to 2009 Ms. Gourji was involved with the national service providers and in 2007, she led Enterprise Search Services. In 2009, she also led National Remote Access Services.

Ms. Gourji holds a bachelor’s degree from Queens College.

Andrew F. Haughwout has been promoted to vice president in the microeconomic and regional studies function of the Research and Statistics Group. He had been an assistant vice president in the same area since June 2007.

Mr. Haughwout joined the Bank in January 2000 as an economist in the domestic research function. He was named an officer of the Bank in the business conditions function in January 2004. Mr. Haughwout holds a B.A. degree from Swarthmore College and a Ph.D from the University of Pennsylvania.
          
Deborah A. Kilroe has been promoted to vice president in the media relations and public affairs function of the Communications Group.

Ms. Kilroe joined the Bank as an assistant vice president in March 2009, transferring from the Board of Governors of the Federal Reserve System where she was a senior media relations specialist.

Ms. Kilroe holds a bachelor’s degree from the University of Colorado, at Boulder.
          
Joonho J. Lee has been promoted to vice president in the program management office of the Technology Services Group. He had been an assistant vice president in the Automation and System Services Group since January 2006.

Mr. Lee joined the Bank in June 2000 as a staff director and was named an officer of the New York Fed in June 2003.

Mr. Lee holds a bachelor’s degree from the University of Connecticut, two master’s degrees from Rensselaer Polytechnic Institute and a J.D. degree from New York Law School.

Angela L. O’Connor has been promoted to vice president in the markets operations monitoring and analysis function of the Markets Group. She had been an assistant vice president in the Markets Group since January 2008.

Ms. O’Connor joined the Bank in August 1998 as an economic analyst in Bank Supervision and was named an officer of the New York Fed in January 2005, assigned to central bank and international accounts services.

Ms. O’Connor holds a bachelor’s degree from Scripps College and a master’s degree from Columbia University.

Rona B. Stein has been promoted to vice president in the Corporate Secretary Office, Legal Group. She had been an assistant vice president in the Human Resources Group since February 1998 and assigned to the corporate secretary office as assistant corporate secretary in September 2007.

Ms. Stein joined the Bank in July 1971 as a research assistant. She was named an officer of the Bank assigned to the Secretary’s Office in December 1992.  In September 1994, she was assigned to the Human Resources Group.

Ms. Stein holds a bachelor’s degree from City College of New York and an M.B.A. degree from Fordham University.

Marsha K. Takagi has been promoted to vice president in the payments policy function of the Credit and Payments Risk Group. She had been an assistant vice president since January 2008.

Ms. Takagi joined the Bank in June 1995 as an assistant bank examiner in the Bank Supervision Group. She was named an officer of the Bank in the Executive Office in January 2007.

Ms. Takagi holds a bachelor’s degree from Smith College and a master’s degree from Columbia University.

H. Wilbert Van Der Klaauw has been promoted to vice president in the microeconomics and regional studies function of the Research and Statistics Group. He had been an assistant vice president in the same area since July 2007.

Mr. Van Der Klaauw joined the Bank in August 2005 as a visiting scholar from the University of North Carolina where he was Professor of Economics. He was named an officer of the Bank in the Research and Statistics Group in July 2006.

Mr. Van der Klaauw received his undergraduate degree from Erasmus University Rotterdam, The Netherlands, a master’s degree from Hull University, United Kingdom, and a master’s degree and Ph.D. from Brown University.

Contact:
Deborah Kilroe
(212) 720-6143
(646) 720-6143
deborah.kilroe@ny.frb.org