New York Fed names Frederic Veron as Chief Information Officer and Head of the Technology Group
NEW YORK, NY (June 7, 2024) — The Federal Reserve Bank of New York today announced that Frederic Veron has been named chief information officer and head of the Technology Group. In this role, he will also be a member of the Bank’s Executive Committee. Veron will join the New York Fed in June 2024.
“Frederic is a talented technologist and compelling people leader with more than 30 years of experience across complex global organizations,” said John C. Williams, president and chief executive officer of the New York Fed. “He has demonstrated his strength in the execution of large-scale technology projects and strategic thinking around cyber resiliency, infrastructure, modernization and innovation, and delivery transformation. We look forward to Frederic leveraging his expertise and leadership on our own technology efforts and those across the Federal Reserve System.”
“I am honored and excited about the opportunity to join the Federal Reserve Bank of New York and work with the broader Federal Reserve System. I look forward to collaborating with my new colleagues to advance our technological capabilities in support of the bank’s mission. By building on the team’s past successes in innovation and operational excellence, we can continue to achieve our goals and deliver exceptional outcomes for all stakeholders,” said Veron.
Veron has over 30 years of extensive experience in the financial services technology industry. Most recently, he was a financial services consulting principal within the Technology Strategy & Transformation Practice at Ernst & Young LLP. In this role, he was responsible for delivering major consulting engagements with global financial institutions in areas such as technology strategy, resiliency, emerging technologies, delivery transformation, and IT operations. Prior to Ernst & Young, Veron has held technology-focused leadership positions at Deutsche Bank and Fannie Mae, among other organizations.
For more information on Veron’s background, please see his bio.
About Federal Reserve Bank of New York
The Federal Reserve Act of 1913 requires each of the Reserve Banks to operate under the supervision of a board of directors. Each Reserve Bank has nine directors who represent the interests of their Reserve District and whose experience provides the Reserve Banks with a wider range of expertise that helps them fulfill their policy and operational responsibilities. The nine directors of each Reserve Bank are divided evenly by classification: Class A Directors represent the member banks in the District; Class B Directors and Class C Directors represent the interests of the public. The directors of the Reserve Banks act as an important link between the Federal Reserve and the private sector, ensuring that the Fed's decisions on monetary policy are informed by actual economic conditions.
