ibm Chairman and Chief Executive Officer of Arvind Krishna To Federal Reserve Bank of New York has been elected to the Board of Directors. The bank announced that 60-year-old Krishna was ‘Class B Director’ has been chosen. The statement said that Krishna December 31, 2023 Will remain in this post till then.
About Arvind Krishna (About the Arvind Krishna):
Arvind Krishna, who studied at IIT Kanpur, will join the board of directors of the Federal Reserve Bank of New York. He has been selected as Class B director by the bank. He is currently the Chairman and CEO (Chairman and Chief Executive) of IBM.
Prior to his tenure as IBM’s CEO, Krishna, 60, was senior vice president of Cloud and Cognitive Software. He also headed IBM Research. He was general manager of the development and manufacturing organization for IBM Systems and Technology Group.
What is Federal Reserve Bank of New York
The Federal Reserve Bank of New York is one of the 12 Federal Reserve Banks of America. It is responsible for the Federal Reserve System’s second district, which includes the state of New York, the 12 northern counties of New Jersey, Fairfield County in Connecticut, Puerto Rico, and the U.S. State of New York. Includes Virgin Islands. It is the largest bank by assets and the most active and influential bank by volume.
Important takeaways for all competitive exams:
- Federal Reserve Bank of New York established: 1913;
- President and CEO of the Federal Reserve Bank of New York: John C. Williams;
- Federal Reserve Bank of New York Headquarters: New York, USA.
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