People: New chief operating officer appointed at the Fed

María Graciela Mora de Talavera
María Graciela Mora de Talavera

US: Patrick McClanahan has been appointed as the Federal Reserve’s chief operating officer, effective from April 29.

He will return to the Fed, after taking a job at media company Gannett in 2016, to replace Don Hammond, who retired earlier this year after serving as COO since 2012. Prior to 2016, McClanahan was deputy director and controller for the Fed’s division of financial management.

In his new role, he will be responsible for the Fed board’s administrative and financial management

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