Federal Reserve Bank Of New York Announces Senior Management Shake-Up

REGULATORS

The Federal Reserve Bank of New York has reassigned veteran foreign exchange chief Margaret (Gretchen) Greene a senior vice president, as part of a wider reorganization. Effective immediately, the Fed's foreign exchange function will be headed by senior vice president Peter Fischer, who was formerly the bank's vice president with day-to-day managerial responsibility for foreign exchange.

According to market sources, the changes are the work of recently appointed New York Fed president William

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