New York Fed names Mihaela Nistor as Chief Risk Officer and Head of the Risk Group
NEW YORK, NY (May 31, 2023) — The Federal Reserve Bank of New York today announced that Mihaela Nistor has been named Chief Risk Officer and Head of the Risk Group. In this role, she will also be a member of the Bank’s Executive Committee. Ms. Nistor will join the New York Fed in June 2023.
“Mihaela is a dynamic and engaging leader who brings passion and energy to her work,” said John C. Williams, president and chief executive officer of the New York Fed. “We were impressed by her extensive experience in compliance and risk management, as well as her track record in building teams from the ground up and taking high-performing groups to the next level. Mihaela is also strongly committed to diversity, equity, and inclusion and clearly demonstrates our values, making her an excellent addition to the leadership team at the Bank.”
“I am thrilled at the opportunity to join the New York Fed and contribute to its public service mission,” said Ms. Nistor. “I look forward to working closely with my new colleagues. By balancing risk management and innovation, we can continue execute on our mission while delivering the best outcomes for our stakeholders.”
Most recently, Ms. Nistor was Global Head of Enterprise Risk Management at Bloomberg, where she drove the technology innovation, program governance, and management practices necessary to identify, evaluate, and monitor the company’s risks. Her responsibilities also included managing the company’s access control and privileging program, as well as developing long-term strategies for data protection and governance.
Prior to Bloomberg, Ms. Nistor was Chief Risk Officer for HSBC Americas Private Banking. She also held compliance and risk leadership roles at HSBC and Citigroup. For more information on her background, please see her bio.
Ms. Nistor was named as the Bank’s Chief Risk Officer after Joshua Rosenberg stepped out of his role in April 2023.
About New York Fed
The New York Fed oversees the Second Federal Reserve District, which includes New York State, the 12 northern counties of New Jersey, Fairfield County in Connecticut, Puerto Rico and the U.S. Virgin Islands. Though it serves a geographically small area compared with those of other Federal Reserve Banks, the New York Fed is the largest Reserve Bank in terms of assets and volume of activity. The New York Fed has several unique responsibilities as part of the Federal Reserve System, including conducting open market operations to execute monetary policy on behalf of the FOMC, acting as the fiscal agent of the U.S. Treasury, operating Fedwire, and providing banking and clearing services to foreign central banks, governments and international agencies.
