Pamela Dyson to resign from the New York Fed
NEW YORK, NY (November 10, 2023) — The Federal Reserve Bank of New York today announced that Pamela Chase Dyson has decided to step down from her role as chief information officer and head of the Technology Group. She will be leaving the Bank in December 2023 to pursue a new opportunity. Sushmita Shukla, the New York Fed’s first vice president and chief operating officer, will serve in an additional capacity as interim chief information officer and head of the Technology Group until a successor is named.
“Pam joined the Bank five years ago and soon after developed a bold vision for the Technology Group and the Bank that put our technology on a new foundation and positioned us for the future,” said John C. Williams, president and chief executive officer of the New York Fed. “She deftly led our Technology Group during times of significant change, as well as our shift to remote work during the pandemic. Pam’s dedication goes far beyond technology, and I thank her for her outstanding service to the Bank and our mission.”
“I’m grateful to have worked alongside so many inspiring colleagues across the Federal Reserve System,” said Dyson. “It was an honor to be part of the New York Fed’s Second District community and the diverse and dynamic leadership team at the Bank.”
As head of the Technology Group, Dyson is responsible for the strategic planning and governance of the New York Fed’s Information Technology, and the provisioning and delivery of technology services to the Bank. She also contributes significantly to advancing technology thinking, strategy and execution across the Federal Reserve System. Dyson has been a member of the New York Fed’s Executive Committee since she joined the Bank in 2018.
The New York Fed will soon launch a search for a new chief information officer and head of the Technology Group.
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.