Ken Heinecke has been named senior vice president of Supervision, Regulation, and Credit for the Federal Reserve Bank of Minneapolis. In this role, he will lead the regional supervision and regulation of bank holding companies and state member banks in the Ninth District.
Previously, Ken served as the vice president overseeing the safety and soundness function and as a senior leader of U.S. stress testing.
“Ken is a strong leader both in the Minneapolis Fed and across the Federal Reserve System. He brings deep, relevant experience to this important role, having helped lead stress testing of the country’s most systemically important banks,” said Neel Kashkari, Bank president and CEO.
He steps into the position vacated by Christine Gaffney, who was named the senior vice president of Treasury Services earlier this year.
Ken has a B.A. in economics from Luther College and an M.A. in economics from the University of Iowa. He also has chartered financial analyst and chartered alternative investment analyst designations.
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.