Helen Mucciolo to retire from the New York Fed
NEW YORK, NY (February 13, 2024) — The Federal Reserve Bank of New York today announced that Helen Mucciolo, chief financial officer and head of the Corporate Group, will retire from the Bank in the fall.
“Throughout her more than three decades of extraordinary service, Helen has demonstrated her commitment to our mission and has personified our values,” said John C. Williams, president and chief executive officer of the New York Fed. “In her many roles in different Groups and as a member of the Executive Committee, she has left her mark across the Bank. Helen possesses a unique disposition that enables her to calmly and capably lead and drive progress, whether in urgent situations or during more normal times. Helen has had a stellar career at the New York Fed, and I wish her all the best in her retirement.”
“It has been an honor and a privilege to work alongside teams of dedicated individuals in support of the Bank’s mission,” said Mucciolo. “The New York Fed and the Federal Reserve System have allowed me to build a uniquely rewarding career. Along the way, I’ve been honored to support and develop the next generation of central bankers. I hope these efforts have helped prepare the organization for the future.”
As head of the Corporate Group, Mucciolo oversees the financial management, procurement, real estate and other general support functions of the New York Fed. From November 2020 through mid-March 2021 as well as from July 2022 through February 2023, she also held the role of acting first vice president and chief operating officer, serving as an alternate voting member of the Federal Open Market Committee.
Mucciolo joined the New York Fed in 1993 and has held various management positions throughout her tenure. Prior to her current position, Mucciolo served as the cash and custody function head, which is now part of the Operations and Resiliency Group, and worked in the Supervision Group, where she focused on resolution and recovery planning. Between 2008 and 2012, she led the investment support office, which was responsible for overseeing and coordinating all matters related to the portfolio of assets associated with the New York Fed’s extensions of credit during the global financial crisis. Mucciolo has also held positions within the Markets Group, including managing the staff responsible for the Federal Reserve’s daily formulation and execution of temporary open market operations. Finally, she has been an active supporter to several of the New York Fed’s employee resource networks, including serving as a longtime executive sponsor of the Women’s Mentoring and Empowerment Network.
The New York Fed will soon launch a search for a new chief financial officer and head of the Corporate Group.
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.