Lee Alexander to resign from the New York Fed
NEW YORK, NY (March 1, 2018) — The Federal Reserve Bank of New York today announced that Lee Alexander, executive vice president, chief information officer and head of the Technology Group has announced his decision to resign from the Bank. Mr. Alexander also serves on the Bank’s Management Committee.
Bijan Chowdhury, senior vice president for Enterprise Architecture & Design, will serve as acting chief information officer while the search for Mr. Alexander’s replacement takes place. That search is under way.
Mr. Alexander joined the New York Fed in 2012 as a senior vice president in the Technology Group where he led the Bank’s application development efforts. In December of 2015, Mr. Alexander was named head of the Group and chief information officer. As head of application development, Mr. Alexander was instrumental in the development of a Bank and System-wide reference architecture and for the development and completion of the Fedwire modernization. As head, Mr. Alexander aligned the work of the Technology Group more closely to the Bank’s key mission business areas, including by expanding and deepening the leadership team.
William C. Dudley, president and chief executive officer of the New York Fed, said “I want to thank Lee for his extraordinary contributions as CIO, as a colleague and as a Management Committee member, and wish him all the best. He has been instrumental in making the Technology Group more agile in delivering real value across our mission lines, leading efforts in the areas of Cyber Security and Cloud, and playing an influential and constructive role across the Federal Reserve System.”
Mr. Alexander has more than 25 years of international management and development experience with premier firms in the technology and financial services industry including Oracle and AXA Equitable. Mr. Alexander holds a B.Sc. majoring in Computing Science and an M.B.A. from the University of Glasgow in Scotland.
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.
