Who is Sushmita Shukla - the first Vice President, Chief Operating Officer of Federal Reserve Bank of New York
Sushmita will be the first Vice President and New York Fed’s second ranking officer. She will be the in-charge of establishing, communicating, and executing the strategic direction of the organisation along with the Bank’s President and Chief Executive Officer. She will also serve as an alternate voting member of the Federal Open Market Committee.
Sushmita Shukla, First Vice President of Federal Reserve Bank, New York: The Board of Directors of Federal Reserve Bank, New York has appointed Sushmita Shukla as their First Vice President and Chief Operating Officer, effective March 2023. The appointment has been approved by the Board of Governors of the Federal Reserve System.
Sushmita will be the first Vice President and New York Fed’s second ranking officer. She will be the in-charge of establishing, communicating, and executing the strategic direction of the organisation along with the Bank’s President and Chief Executive Officer. She will also serve as an alternate voting member of the Federal Open Market Committee.
Click here to get more updates on Stock Market I Zee Business Live
Regarding her appointment, John C. Williams, President and Chief Executive Officer of the New York Fed, said, “She has an in-depth knowledge of technology and agile innovation methods and is passionate about creating a truly diverse and inclusive culture.”
We're pleased to announce that the Board of Directors of the New York Fed has appointed Sushmita Shukla as First Vice President and Chief Operating Officer. https://t.co/4diHYKST6P pic.twitter.com/PCe5uJR4ji
— New York Fed (@NewYorkFed) December 8, 2022
According to Rosa M. Gil, Chair of the New York Fed’s Board of Directors and Founder, “Sushmita has deep expertise and leadership acumen that will support the Bank in achieving its mission and strategic priorities.”
Sushmita Shukla: Professional Background
She has served in leadership roles in the insurance industry for nearly 20 years, primarily leading operations, technology, and enterprise-wide transformation efforts. For the past five years, she has been Senior Vice President and Chief Operations Officer for International Accident & Health at Chubb — world’s largest publicly-traded property and casualty insurance company.
She spent 10 years at The Hartford Financial Service Group, where she held various roles, ultimately becoming Vice President of Strategic Programs, Billing & Operations shared services.
She has also held positions at Liberty Mutual, Merrill Lynch, and GiantBear Inc., a wireless technology and application service provider in New York.
Sushmita Shukla: Educational Background
She has an MBA from New York University and a bachelor’s degree in electrical engineering from the University of Mumbai.
Paytm shares jump over 4% after the company calls board meeting to discuss buyback
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
EPFO Pension Schemes: Early pension, retirement pension, nominee pension and 4 other pension schemes that every private sector employee should know
Gratuity Calculator: Rs 38,000 as last-drawn basic salary, 5 years and 5 months of service; what will be gratuity amount?
SBI 5-Year FD vs MIS: Which can offer higher returns on a Rs 2,00,000 investment over 5 years? See calculations
Senior Citizen Latest FD Rates: Know what major banks like SBI, PNB, Canara Bank, HDFC Bank, ICICI Bank are providing on fixed deposits
04:56 PM IST