The Federal Reserve Bank of Minneapolis has announced two leadership changes. Amy Kytonen will assume the role of chief operating officer and vice president of the Treasury Services Division, and Jorge Lomeli will assume the role of vice president for the Administrative Services Division.
Amy Kytonen will be responsible for day-to-day operations of the Treasury Services Division, including budget oversight, communications, and change management; she will also lead strategic planning and reporting. Kytonen was formerly vice president of the Credit Risk Management, Payment System Risk, and Reserves function of the Minneapolis Fed, and she has extensive experience leading initiatives across the Federal Reserve System.
Jorge Lomeli will assume the role of vice president for the Administrative Services Division, where he will lead units supporting Law Enforcement, Facilities Management, and Cash Services. In addition, he will serve as the administrative officer for the Ninth District Federal Reserve Financial Services employees. Lomeli steps into this role from his former position of chief financial officer and vice president of the Financial Management Group, which consists of financial and managerial accounting, financial planning and analysis, accounts payable, and procurement.
Liz Leake, assistant vice president of the Financial Management Group, will serve as interim vice president and CFO.
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.