- Indian-origin Sushmita Shukla, a veteran of the insurance industry, has been appointed as the First Vice President and Chief Operating Officer at the Federal Reserve Bank of New York. She is the the second-ranking officer at the institution.
- The appointment was approved by the Board of Governors of the Federal Reserve System, the New York Fed said in a statement
- The 54-year-old, with a career spanning two decades, takes charge on March 2023.
- As First Vice President, Shukla, who has an MBA from New York University and a bachelor’s degree in electrical engineering from the University of Mumbai, will be the New York Fed’s second-ranking officer.
- Shukla said in the statement that she is honoured to have the opportunity to work for a mission-driven organisation like the New York Fed.
Indian origin Sushmita Shukla became the first Vice President of the Federal Reserve Bank in New York
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