The board of directors of the Federal Reserve Bank of Minneapolis has announced the promotion of three leaders to senior vice president positions and to the Bank’s management committee.

• Anjali Gandhi is the new senior vice president for Technology and Risk with responsibility for Ninth District Information Technology, Information Security, Enterprise Risk, and the Data Privacy function. She oversees several Federal Reserve System National IT functions. She joined the Bank in 2018.
• Sharon Hill is the new senior vice president over the Treasury Services division. In this role, she leads the Bank’s work on behalf of the U.S. Treasury, including processing savings bonds and customer support. Hill has been at the Minneapolis Fed for 19 years, serving in a variety of positions, most recently as chief financial officer.
• Amy Phenix is the new senior vice president with responsibility for Public Affairs—which includes communications, government relations, and regional outreach—Law Enforcement, and Facilities. Phenix joined the Bank in November 2017 and has served as the Bank’s vice president for Public Affairs.

In addition to these promotions, the Bank announced the retirement of three long-time leaders.

• Matt Larson, senior vice president for Technology and Risk, will retire in February. Larson, who has been with the Federal Reserve System for more than 28 years, has served in a variety of senior technology leadership positions at the Minneapolis Fed, the New York Fed, and the Richmond Fed.
• Jacqueline (Jacqui) King, vice president for Human Resources and Inclusion, will retire in March. King also served as vice president for Regional Outreach and Community Development. During her 23-year-long Fed career, King spearheaded several high-profile programs.
• Duane Carter, senior vice president for Treasury Services, Cash, Customer Contact Center, Learning Management Support Office, Facilities, and Law Enforcement, retired on Dec. 31 after a distinguished Fed career of nearly 30 years.

The Federal Reserve Bank of Minneapolis is one of 12 regional Reserve Banks that, with the Board of Governors in Washington, D.C., make up the Federal Reserve System, the nation’s central bank. The Federal Reserve Bank of Minneapolis is responsible for the Ninth Federal Reserve District, which includes Montana, North and South Dakota, Minnesota, northwestern Wisconsin, and the Upper Peninsula of Michigan. The Federal Reserve Bank of Minneapolis participates in setting national monetary policy, supervises numerous banking organizations, and provides a variety of payments services to financial institutions and the U.S. government.