New York Fed names Per von Zelowitz as director of the New York Innovation Center

NEW YORK, NY (July 1, 2021) — The Federal Reserve Bank of New York today announced that Per von Zelowitz has been named the director of the New York Innovation Center effective July 19, 2021.

The New York Innovation Center is a strategic partnership with the Innovation Hub of the Bank for International Settlements (BIS) that will be housed at the New York Fed. The Center will collaborate with colleagues in the Federal Reserve System, the BIS Innovation Hub, and the private and public sectors on innovations that enhance the functioning of the global financial system and the ability of central banks to carry out their missions.

Mr. von Zelowitz will be responsible for designing this effort and executing on various projects to advance BIS Innovation Hub and Federal Reserve priorities, while collaborating both globally and nationally on innovative financial technology with the central banking community in order to improve the functioning and efficiency of the international financial system.

John C. Williams, president and chief executive officer of the New York Fed said, “Selecting Per to lead the New York Innovation Center is the next big milestone for this important and exciting new venture with the BIS Innovation Hub. His extensive background and experience in innovation in financial services, strategic partnerships, and team building will be critical to his role as the Center’s inaugural leader.”

Mr. von Zelowitz has many years of financial technology expertise across a range of industries. Most recently, he was at PriceWaterhouseCoopers (PWC) where he was Financial Services Director of Banking Transformation. He co-led the development and operation of the Banking & Lending Innovation Center, a fintech venture studio committed to generating and commercializing internal and client intellectual property.

Prior to joining PWC, Mr. von Zelowitz was at Citi Ventures, serving as the Senior Entrepreneur in Residence & Founding Member of D10X, Citigroup’s corporate incubator. At Citi, he co-led the design, build and scaling of the unit to 25 employees and over 90 startups.

The BIS Innovation Hub was established by the BIS to identify and develop in-depth insights into critical trends in financial technology, explore the development of tools to enhance the functioning of the global financial system, and serve as a focal point for a network of central bank experts on innovation. The New York Innovation Center was formally established earlier this year.

About Federal Reserve Bank of New York

The Federal Reserve Bank of New York is one of 12 regional Reserve Banks which, together with the Board of Governors in Washington, D.C., the Federal Open Market Committee (FOMC), the Federal Advisory Council, the Consumer Advisory Council, and the member banks, compose the Federal Reserve System. As the U.S. central bank, the Federal Reserve is responsible for formulating and executing monetary policy, supervising and regulating depository institutions, ensuring the smooth flow of payments, and providing banking services to the U.S. government and depository institutions.


Suzanne Elio

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