NY Fed Markets Group chief Neal resigns, will exit bank in March 2025

Reuters12-13

UPDATE 1-NY Fed Markets Group chief Neal resigns, will exit bank in March 2025

Adds additional details and background

By Michael S. Derby

NEW YORK, Dec 12 (Reuters) - The head of the Federal Reserve Bank of New York's powerful Markets Group, Michelle Neal, is stepping down and will leave the bank in March 2025, the bank said in a press release on Thursday.

Neal will serve as a senior advisor at the bank until she exits, the bank said, adding that Neal is moving to a role in the private sector. Neal oversees the part of the New York Fed that interfaces with the financial sector. Neal was also a member of the bank's Executive Committee.

While a successor to Neal is sought, the bank said in its press release that Anna Nordstrom, currently head of the Domestic and International Markets Function in the Markets Group, will serve as interim leader of the Markets Group.

Neal joined the New York Fed in the spring of 2022 after a long string of leadership jobs in the financial sector. In the press release, John Williams, president of the New York Fed, said Neal "has overseen significant initiatives - including the major technological investment in the Federal Reserve’s open market operations - to transform and innovate the critical work that we do."

Neal's exit is unlikely to have any notable implications for central bank operations as the implementation of monetary policy is handled by Roberto Perli, the manager of the Fed's System Open Market Account.

(Reporting by Michael S. Derby; Editing by Andrea Ricci)

((Michael.Derby@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2491526203?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-12-13 05:28","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2491526203","market":"us","top_or_hot":-1,"title":"NY Fed Markets Group chief Neal resigns, will exit bank in March 2025","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>UPDATE 1-NY Fed Markets Group chief Neal resigns, will exit bank in March 2025</title></head><body><p>Adds additional details and background</p><p>By Michael S. Derby</p><p><span>NEW YORK, Dec 12 (Reuters)</span><span> - </span>The head of the Federal Reserve Bank of New York's powerful Markets Group, Michelle Neal, is stepping down and will leave the bank in March 2025, the bank said in a press release <span>on Thursday</span>. </p><p>Neal will serve as a senior advisor at the bank until she exits, the bank said, adding that Neal is moving to a role in the private sector. Neal oversees the part of the New York Fed that interfaces with the financial sector. Neal was also a member of the bank's Executive Committee. </p><p>W<span>hile a successor to Neal is sought, the bank said in its press release that Anna Nordstrom, currently head of the Domestic and International Markets Function in the Markets Group, will serve as interim leader of the Markets Group. </span></p><p>    N<span>eal joined the New York Fed in the spring of 2022 after a long string of leadership jobs in the financial sector. In the press release, John Williams, president of the New York Fed, said Neal \"has overseen significant initiatives - including the major technological investment in the Federal Reserve’s open market operations - to transform and innovate the critical work that we do.\" </span></p><p><span>Neal's exit is unlikely to have any notable implications for central bank operations as the implementation of monetary policy is handled by Roberto Perli, the manager of the Fed's System Open Market Account. </span></p><p> (Reporting by Michael S. Derby; Editing by Andrea Ricci)</p><p> ((Michael.Derby@thomsonreuters.com;))</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>NY Fed Markets Group chief Neal resigns, will exit bank in March 2025</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNY Fed Markets Group chief Neal resigns, will exit bank in March 2025\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-13 05:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20241212:nL1N3ND125:1><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>UPDATE 1-NY Fed Markets Group chief Neal resigns, will exit bank in March 2025Adds additional details and backgroundBy Michael S. DerbyNEW YORK, Dec 12 (Reuters) - The head of the Federal Reserve Bank...</p>\n\n<a href=\"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20241212:nL1N3ND125:1\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"OTCM","symbol_name":"OTC Markets Group Inc.","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20241212:nL1N3ND125:1","article_id":"2491526203","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2491526203","pubTimestamp":1734038930,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"UPDATE 1-NY Fed Markets Group chief Neal resigns, will exit bank in March 2025Adds additional details and backgroundBy Michael S. DerbyNEW YORK, Dec 12 (Reuters) - The head of the Federal Reserve Bank","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"OTCM":"OTC Markets Group Inc.","BK4112":"金融交易所和数据","JWN":"诺德斯特龙","BK4220":"综合零售","BK4585":"ETF&股票定投概念","BK4103":"百货商店","BK4588":"碎股"},"translate_title":"纽约联储市场小组主席尼尔辞职，将于2025年3月退出银行","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"JWN":0.9,"OTCM":0.9},"content_text":"UPDATE 1-NY Fed Markets Group chief Neal resigns, will exit bank in March 2025Adds additional details and backgroundBy Michael S. DerbyNEW YORK, Dec 12 (Reuters) - The head of the Federal Reserve Bank of New York's powerful Markets Group, Michelle Neal, is stepping down and will leave the bank in March 2025, the bank said in a press release on Thursday. Neal will serve as a senior advisor at the bank until she exits, the bank said, adding that Neal is moving to a role in the private sector. Neal oversees the part of the New York Fed that interfaces with the financial sector. Neal was also a member of the bank's Executive Committee. While a successor to Neal is sought, the bank said in its press release that Anna Nordstrom, currently head of the Domestic and International Markets Function in the Markets Group, will serve as interim leader of the Markets Group.     Neal joined the New York Fed in the spring of 2022 after a long string of leadership jobs in the financial sector. In the press release, John Williams, president of the New York Fed, said Neal \"has overseen significant initiatives - including the major technological investment in the Federal Reserve’s open market operations - to transform and innovate the critical work that we do.\" Neal's exit is unlikely to have any notable implications for central bank operations as the implementation of monetary policy is handled by Roberto Perli, the manager of the Fed's System Open Market Account.  (Reporting by Michael S. Derby; Editing by Andrea Ricci) ((Michael.Derby@thomsonreuters.com;))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"executive,policyRegulatory","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2491526203"}