New York Fed names Roberto Perli SOMA Manager
Julie Remache selected Deputy SOMA Manager
NEW YORK, NY (February 2, 2023) — The Federal Reserve Bank of New York today announced that Roberto Perli has been named Manager of the System Open Market Account (SOMA) and Julie Remache has been selected Deputy SOMA Manager. In these roles, Mr. Perli and Ms. Remache are senior leaders in the New York Fed’s Markets Group. They will assume their new positions on February 21, 2023. The Federal Open Market Committee (FOMC) approved their selections during its meeting this week.
“Roberto brings a deep understanding of monetary policy and financial markets and a strong commitment to public service,” said John C. Williams, president and chief executive officer of the New York Fed and vice chair of the FOMC. “I am excited to welcome Roberto to the Bank and Julie to her new role, and I look forward to working with them as we carry out the Federal Reserve’s mission.”
“I am honored to take on such a critical role,” said Mr. Perli. “I look forward to working with my colleagues at the New York Fed and across the Federal Reserve System in support of implementing monetary policy.”
President Williams continued: “I would like to thank Patricia Zobel for her outstanding leadership serving as SOMA Manager pro tem these past six months. She has been exemplary in her service to the New York Fed and the FOMC, which benefitted from her sound counsel and expertise.”
Roberto Perli, SOMA Manager
Roberto Perli is currently Head of Global Policy at Piper Sandler. Previously, he co-founded Cornerstone Macro, a widely respected research firm, and served on the staff of the Board of Governors of the Federal Reserve System. He is a strategic thinker, with significant leadership and management experience. In his new role, Mr. Perli will be responsible for implementing monetary policy at the direction of the FOMC.
Julie Remache, Deputy SOMA Manager
Julie Remache is Head of Market and Portfolio Analysis in the New York Fed’s Markets Group. She has more than 20 years of experience in financial markets and public policy, and she has an astute understanding of monetary policy strategy and implementation.
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.
