Sushmita Shukla, an Indian with extensive experience in the insurance industry, has now been appointed as the First Vice President and Chief Operating Officer of the Federal Reserve Bank of New York. The approval for this has been given by the Board of Governors of the Federal Reserve.
In recent times people of Indian origin are becoming the leaders of the world’s leading companies and nations. Sushmita Shukla joins the hat as a new wing. The 54-year-old holds an electrical engineering degree from Mumbai University and an MBA from New York University. He is currently the second most senior official at the Federal Reserve Bank of New York.
The United States has a central bank like the Reserve Bank of Namur. A part of it is the Federal Reserve Bank of New York. All of the bank’s activities are related to making the US economy stronger and the financial system more stable. The Federal Reserve Bank of New York performs important functions such as implementing financial policy, providing financial services, supervising banks, and advising on issues affecting society.
Sushmita Shukla, who has been appointed as the first vice-chairman of such a bank, said: “I am honored to have the opportunity to work in an organization as ambitious and dynamic as the Federal Reserve Bank of New York. I will use all the technical, organizational and risk-focused experiences I have learned in my career to improve the company’s core operations. And my work will be supportive of the leadership of the company, he said.
Commenting on the appointment of Sushmita Shukla, the Federal Reserve Bank of New York Governor said: Sushmita is a dynamic, inspiring and successful leader who can get things done. He will bring to the Bank extensive experience of leading large corporations. Has deep knowledge of technology and innovative methods. Passionate about creating a diverse and inclusive culture. Shukla will implement New York Bank’s strategies. He will also serve as a voting member of the Federal Open Market Committee, he said.
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