The Federal Reserve Bank of New
York recently announced that Helen Mucciolo, chief financial officer and head of the bank’s
corporate group, will retire in the fall after more than three decades with the
institution.
Mucciolo joined the New York
Fed in 1993 and has held various management positions throughout her tenure,
according to a press release. As head of the corporate group, Mucciolo oversees
the financial management, procurement, real estate and other general support
functions of the New York Fed. She served as acting first vice president and
chief operating officer from November 2020 to mid-March 2021, as well as from
July 2022 to February 2023, and was an alternate voting member of the Federal
Open Market Committee.
“Throughout her more than three
decades of extraordinary service, Helen has demonstrated her commitment to our
mission and has personified our values,” New York Fed President and CEO John Williams
said in the release. “In her many roles in different groups and as a member of
the Executive Committee, she has left her mark across the bank.”
Mucciolo previously served as
the cash and custody function head, which is now part of the bank’s operations
and resiliency group, and worked in the supervision group, where she focused on
resolution and recovery planning. Between 2008 and 2012, she led the investment
support office, which was responsible for overseeing and coordinating all
matters related to the portfolio of assets associated with the New York Fed’s
extensions of credit during the global financial crisis.
“It has been an honor and a
privilege to work alongside teams of dedicated individuals in support of the
Bank’s mission,” Mucciolo said in the release. “The New York Fed and the
Federal Reserve System have allowed me to build a uniquely rewarding career.
Along the way, I’ve been honored to support and develop the next generation of
central bankers. I hope these efforts have helped prepare the organization for
the future.”
Mucciolo has also held
positions within the bank’s markets group, including managing the staff
responsible for the Federal Reserve’s daily formulation and execution of
temporary open market operations. Finally, she has been an active supporter to
several of the bank’s employee resource networks, including serving as a
longtime executive sponsor of the New York Fed’s Women’s Mentoring and
Empowerment Network.
“Helen possesses a unique
disposition that enables her to calmly and capably lead and drive progress,
whether in urgent situations or during more normal times,” Williams added. “Helen
has had a stellar career at the New York Fed, and I wish her all the best in
her retirement.”
The New York Fed said it will
soon launch a search for a new chief financial officer and head of the corporate
group.