People: Fed governor resigns; Bank of England HR chief finds herself new role

Federal Reserve: Federal Reserve governor Elizabeth Duke has resigned her post, effective August 31, after five years on the seven-strong board of governors. Duke took up the remainder of an existing term in 2008, which officially ended on January 31, 2012, but she has remained on the board without being handed a new 14-year term. Her departure means that all members of the Fed board are now appointees of current US president, Barack Obama.

Duke said she was "proud to have contributed" to the Fed's actions during the financial crisis, and was "especially gratified" to have brought her own experience "to the massive overhaul of financial system regulation". Prior to joining the Fed, Duke was chief operating officer of a Virginia community bank, before which she was an executive vice-president at Wachovia Bank.

During her time on the Fed board, she served as chairman of both the Committee on Consumer and Community Affairs and the Subcommittee on Supervision and Regulation of Community and Small Regional Banking Organizations.

"Betsy has made invaluable contributions to the Federal Reserve and to the country during her five years at the board," said Fed chairman Ben Bernanke. "She brought fresh ideas grounded in her deep knowledge of the banking industry and the real-world dynamic between borrowers and lenders. I wish her the best in her future endeavours."

Bank of England: The Bank of England's executive director for human resources, Catherine Brown, has resigned from the central bank to take up a senior role in the private sector in the City, after two-and-a-half years at Threadneedle Street.

Brown said she had "hugely enjoyed" working at the Bank of England, highlighting her role in "ensuring that the Prudential Regulation Authority was fully effective from the first day it began operations". Mark Carney, the new governor of the Bank of England, said Brown had "made significant improvements to the organisation and wider management of the bank".

Brown was the only female executive director at the Bank of England, making her the most senior woman in the organisation until the appointment of Charlotte Hogg to the new position of chief operating officer.

New York Fed: The Federal Reserve Bank of New York said Gerald Lipkin, president of Valley National Bank, was elected a Class A, Group 2 director, representing banks with capital and surplus of $30 million to $1 billion.

Lipkin will fill the unexpired portion of the term ending December 31, 2013 previously filled by Richard Carrión, whose bank – Banco Popular de Puerto Rico – outgrew the category. It now has a capital and surplus exceeding $1 billion and therefore has been reclassified as a Group 1 bank.

Lipkin began his career at the US Comptroller of the Currency's office in 1963 and was appointed deputy regional administrator in 1970. He joined Valley National Bank in 1975 as a senior vice-president, rising to chief executive in 1989. He is also a former chairman of the New Jersey Bankers Association.