It was only logical that following its most profitable year in history, the world's most successful hedge fund (by absolute P&L), which generated $77 billion in profit in the past year [26], would follow up with mass promotions. In other news, it is now more lucrative, and with better job security, to work for the FRBNY LLC Onshore Fund as a vice president than for Goldman Sachs as a Managing Director. Also, since one only has to know how to buy, as the ancient and arcane art of selling is irrelevant at this particular taxpayer funded hedge fund, think of all the incremental equity that is retained courtesy of a training session that is only half as long.
From the New York Fed [27]:
The Federal Reserve Bank of New York announced that its board of directors has approved the promotion of seven senior vice presidents and twenty-one vice presidents.
Adam B. Ashcraft has been promoted to senior vice president in the financial risk management area of the Credit and Payments Risk Group where he is head of the structured product function.
Mr. Ashcraft joined the Bank if July 2001 as an economist in the Research and Statistics Group.
Mr. Ashcraft holds a bachelor’s degree in economics and mathematics from Miami University and a doctorate in economics from the Massachusetts Institute of Technology.
William J. Brodows has been promoted to senior vice president in the complex financial institutions function of the Financial Institution Supervision Group. He had been a vice president in the relationship management function since October 2008.
Mr. Brodows joined the Bank in May 1996 as a bank examiner in the financial examination department and was named an officer in January 2003. In July 2006, he was promoted to assistant vice president in the relationship management and applications function.
Mr. Brodows holds a bachelor’s degree in economics from Boston University and a master’s degree in economics and finance from the University of Rochester.
F. Christopher Calabia has been promoted to senior vice president in the complex financial institutions function of the Financial Institution Supervision Group. He had been a vice president in the same area since September 2009.
Mr, Calabia joined the Bank as a bank examiner in August 1993 and was named an officer in June 2001 assigned to the policy and analysis function. In April 2003, he took a leave of absence to serve as a Member of the Secretariat for the Basel Committee on Banking Supervision at the Bank for International Settlements. Mr. Calabia returned to the Bank in May 2005 and was promoted to assistant vice president assigned to the Executive Office. In January 2007, he was promoted to vice president in the risk management function.
Mr. Calabia holds a bachelor’s degree in German Language and Literature from the University of Virgina and a master’s degree in International Relations from the Fletcher School of Law and Diplomacy at Tufts University.
David A. Duttenhofer, Jr. has been promoted to senior vice president in the cash and custody function of the Financial Services Group. He had been a vice president since January 2008.
Mr. Duttenhofer joined the Bank in July 1992 as a financial analyst in the bank analysis department in the Markets Group and was named an officer in June 1997 assigned to the strategic development staff. He was promoted to assistant vice president in December 1999.
Mr. Duttenhofer holds a bachelor’s degree in Finance from the University of Michigan and an MBA from the University of Chicago.
Joshua Rosenberg has been promoted to senior vice president in the risk analytics function of the Credit and Payment Risk Group. He had been a vice president since July 2009.
Mr. Rosenberg joined the Bank in September 2001 as an economist in the capital markets function of the Research and Statistics Group and was named an officer in the same area in July 2005.
Mr. Rosenberg holds a bachelor’s degree in mathematics and religion from Oberlin College and a doctorate degree in economics from the University of California.
Jainaryan Sooklal has been promoted to senior vice president in the risk and policy function of the Financial Institutions Supervision Group. He had been a vice president since July 2010.
Mr. Sooklal joined the Bank in April 2009 as an assistant vice president and was assigned to the funding and liquidity risk department. Prior to joining the New York Fed, Mr. Sooklal was a managing director, assistant treasurer and global head of long term financing at Morgan Stanley.
Mr. Sooklal holds a bachelor’s degree in computer science and engineering from Columbia University and a master’s degree in Business Administration majoring in finance from The Wharton School, University of Pennsylvania.
Roy D. Thetford, Jr. has been promoted to senior vice president in the information security function of the Technology Services Group. He had been vice president in the same area since May 2009. She was appointed assistant vice president in January 2008.
Mr.Thetford joined the Bank as an officer in June 2006 and assigned to the information security function. Prior to joining the Bank, he was a director for Progressive Insurance.
Mr. Thetford holds a bachelor’s degree in computer sciences from Kent State University.
Idanna Appio has been promoted to vice president in the Emerging Markets and International Affairs Group. She had been an assistant vice president since January 2011.
Ms. Appio joined the Bank as an officer in January 2009 and assigned to the development studies and foreign research department. Prior to joining the New York Fed, Ms. Appio was a vice president at Brown Brothers Harriman.
Ms. Appio holds a bachelor’s degree in international relations from the University of Pennslyvania, a bachelor’s degree in economics from the Wharton School of Finance and a master’s and doctorate degree in economics from the University of Washington.
Robyn A. Brandow has been promoted to a vice president in the Wholesale Product Office of the Executive Office. She had been an assistant vice president in the same area since January 2009.
Ms. Brandow joined the Bank in March 2004 and was assigned to the electric payments department at the East Rutherford Operations Center location. She was named an officer in July 2006, and was promoted to assistant vice president in January 2009, both in the same area. In July 2010, Ms. Brandow was assigned to the group support function in the Financial Services Group.
Ms. Brandow holds an associate degree in business from CUNY Kingsborough Community College and a bachelor’s degree in history from Rutgers University.
Greg Cavanagh has been promoted to vice president in the Legal Group. He had been an assistant vice president since July 2008.
Mr. Cavanagh joined the Bank in October 2004 as an attorney in the legal department and was named an officer in January 2007. Prior to joining the New York Fed, he was an associate at White & Case LLP in New York and a risk management analyst with the Federal Reserve Bank of Minneapolis.
Mr. Cavanagh holds a bachelor’s degree in international relations from the University of Minneapolis and a juris doctor from the Columbia University, School of Law.
Yuet-Ming Chan has been promoted to vice president in the application development function of the Technology Service Group. She had been an assistant vice president since January 2010.
Ms. Chan joined the Bank in July 1988 as an assistant programmer in the operations systems department and was named an officer in January 2008 and assigned to the business systems development function.
Ms. Chan holds a bachelor’s degree in computer science from New York University.
Donna J. Crouch has been promoted to vice president in the government wide accounting function of the Financial Services Group. She had been an assistant vice president since January 2009.
Ms. Crouch joined the Bank in June 1985 as an assistant programmer in the operations systems department and was named an officer in December 2000.
Ms.Crouch holds a bachelor’s degree in computer science from Queens College and a master’s degree in finance from Adelphi University.
Joshua L. Frost has been promoted to vice president in the market operations monitoring and analysis function of the Markets Group. He had been an assistant vice president since July 2009.
Mr. Frost joined the Bank in August 1998 as an analyst in the central bank and international account services function and was named an officer in July 2008 assigned to the Treasury market policy department.
Mr. Frost holds a bachelor’s degree in mathematics and psychology from Rutgers University and a master’s degree in finance from New York University.
Howard B. Fields has been promoted to vice president in the financial management function of the Markets Group where he joined as an assistant vice president in February 2009.
Prior to joining the Bank, Mr. Fields was a senior vice president at Bank of America and a vice president at JP Morgan, in their global markets controllers group.
Mr. Fields holds a bachelor’s degree in accounting from Brooklyn College and is also a CPA.
Debra L. Gruber has been promoted to vice president in the SIRA Office of the Corporate Group. She had been an assistant vice president in the same area since January 2010.
Ms. Gruber joined the Bank in September 1985 as a research assistant and was assigned to the Research and Statistics Group. In January 2004, she was named an officer and was assigned to the international reports department and was promoted to assistant vice president in July 2007.
Ms. Gruber holds a bachelor’s degree in economics from Rutgers University and a master’s degree in economics from Fairleigh Dickinson University both in economics.
Jack Gutt has been promoted to vice president and head of the media relation function in the Communications Group. He had been an assistant vice president in the same area since January 2011.
Mr. Gutt joined the Bank as an officer in September 2009 and worked closely with the AIG Monitoring team. Prior to joining the New York Fed, he served as managing director at several leading public relations and public affairs firms and was one of the founding principals of Vistance Group LLC.
Mr. Gutt holds degrees in newspaper journalism and political science from Syracuse University.
Jonathan P. McCarthy has been promoted to vice president in the macroeconomic and monetary studies function of the Research and Statistics Group. He had been an assistant vice president in the same area since January 2009.
Mr. McCarthy joined the Bank in September 1992 as an economist in the domestic research department and was named an officer in January 2007.
Mr. McCarthy holds a bachelor’s degree in mathematics from the University of Wisconsin-Parkside and a master’s degree and doctorate degree in economics from the University of Wisconsin-Madison.
Anna Nordstrom has been promoted to vice president in the market operations monitoring and analysis function of the Markets Group where she joined as an assistant vice president in November 2008 assigned to the foreign exchange and investments unit.
Prior to joining the Bank, Ms. Nordstrom was the head of the Front Office Division, Directorate General Market Operations at the European Central Bank in Germany.
Ms. Nordstrom holds a degree in national economics from the Umea University in Sweden.
Julie A. Remache has been promoted to vice president in the market operations monitoring and analysis function of the Markets Group. She had been as assistant vice president in the same area since January 2010.
Ms. Remache joined the Bank in September 2000 as a trader/analyst in the monetary projections staff department and in January 2008, she was named an officer in the analytical development staff department. Ms. Remache left the Bank in March 2008 to accept a position as vice president at Robeco-Sage and returned to the New York Fed in January 2009 as an officer assigned to the domestic capital markets unit.
Ms. Remache holds bachelor’s degrees in mathematics and economics and a master’s degree in economics from Boston University.
Joao C. Santos has been promoted to vice president in the financial intermediation function of the Research and Statistics Group. He has been an assistant vice president in the same area since January 2009.
Mr. Santos joined the Bank in September 2000 as an economist in the banking studies function and was named an officer in July 2005. He took a six-month leave of absence in September 2006 to teach at the Universidad Nova de Lisboa and work with the Bank of Portugal.
Prior to joining the New York Fed, Mr. Santos worked as an economist at the Bank of International Settlements and the Federal Reserve Bank of Cleveland.
Mr. Santos holds an masters degree and doctorate in economics from Boston University.
Nicolae Stanescu has been promoted to vice president in the Technology Services Group. He has been an assistant vice president in the same area since July 2010.
Mr. Stanescu joined the Bank in March 2003 as a senior analyst in the information security function and was named an officer in January 2009.
Mr. Stanescu holds a bachelor’s degree in computer science from Rutgers University and is currently concluding an MBA degree from New York University.
Giorgio Topa has been promoted to vice president and heads the microeconomic studies function of the Research and Statistics Group. He had been an assistant vice president since August 2008.
Mr. Topa joined the Bank in September 2003 as an economist in the domestic research function and was named an officer in July 2006. Prior to joining the New York Fed, Mr. Topa was an assistant professor of economics at New York University.
Mr. Topa holds a bachelor’s degree in economics from the University of Venice, Italy, a master’s and doctorate degrees in economics from the University of Chicago.
Jan H. Voigts has been promoted to vice president in the relationship management function of the Financial Institution Supervision Group. He had been an assistant vice president in the same area since January 2010.
Mr. Voigts joined the Bank in August 1978 in the public information department and in January 2008 he was named an officer and assigned to the operation risk department. He was assigned to the relationship management function in April 2008.
Mr. Voigts holds a bachelor’s degree in philosophy and government from Franklin & Marshall College.
James B. Wall has been promoted to vice president in the relationship management function of the Financial Institution Supervision Group. He had been an assistant vice president in the same Group since July 2009.
Mr. Wall joined the Bank in June 1992 as a bank examiner in the compliance examinations department. He was appointed an officer in July 2006 and assigned to the relationship management function.
Valerie K. Wilde has been promoted to vice president in the Legal Group. She had been an assistant vice president since January 2010.
Ms. Wilde joined the Bank in June 2004 as an attorney and was named an officer in July 2006. Prior to joining the New York Fed she was a senior associate for Kasowitz, Benson, Torres & Friedman LLP.
Ms. Wilde holds a bachelor’s degree in English from the University of Michigan and a juris doctorate from The George Washington University Law School.