Central Banking

New York Fed has problems replacing McDonough

Source: The Financial Times

Directors of the New York Federal Reserve have had to appoint a headhunter to find a new president, after their own four-and-half-month search failed to turn up a suitable successor to William McDonough.

The New York Fed said yesterday that, as expected, Jamie Stewart, the bank's first vice-president, would "perform the functions of the chief executive officer" while the search continued.

Mr Stewart, a 58-year-old former executive with Mellon Bank, will start next We

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: