NEW YORK-The Federal Reserve Bank of New York has named Timothy F. Geithner to serve as its president and CEO, the bank's chairman, Peter Peterson, announced. Geithner, 42, presently serves as the director of the Policy Development and Review Department at the International Monetary Fund. He will assume his new post with the New York Fed in about a month. Prior to the IMF, Geithner served as Treasury undersecretary for international affairs from 1998 to 2001. The Federal Reserve Board of Governors approved the New York Fed's decision. Geithner succeeds William J. McDonough, who stepped down in June to become chairman of the Public Company Accounting Oversight Board.

Continue Reading for Free

Register and gain access to:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts.
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders.
  • Educational webcasts, white papers, and ebooks from industry thought leaders.
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.