NEW YORK—The Federal Reserve Bank of New York announced that Adena T. Friedman, president and chief executive officer of Nasdaq Inc., has been reelected as a Class B director representing Group 2, which consists of banks with capital and surplus of $40 million to $2 billion. Ms. Friedman will serve a three-year term ending December 31, 2025.
Prior to being named CEO of Nasdaq, Inc., Ms. Friedman served as president and chief operating officer throughout 2016 and was responsible for overseeing all of the company’s business segments with a focus on driving efficiency, product development, growth and expansion. Ms. Friedman has served as a member of the Board of Directors of CLTGlobal, a non-profit organization that researches tools to encourage long-term investing, and the Vanderbilt University Board of Trust since 2020. Ms. Friedman was elected to the Board of the Federal Reserve Bank of New York (New York Fed) in December 2018.
Ms. Friedman earned a Bachelor of Arts degree in political science from Williams College in Massachusetts and a Master of Business Administration from Vanderbilt University’s Owen Graduate School of Management.
About the Reserve Banks’ Boards of Directors
The Federal Reserve Act of 1913 requires each of the Reserve Banks to operate under the supervision of a board of directors. Each Reserve Bank has nine directors who represent the interests of their Reserve District and whose experience provides the Reserve Banks with a wider range of expertise that helps them fulfill their policy and operational responsibilities. The nine directors of each Reserve Bank are divided evenly by classification: Class A Directors represent the member banks in the District; Class B Directors and Class C Directors represent the interests of the public. The directors of the Reserve Banks act as an important link between the Federal Reserve and the private sector, ensuring that the Fed’s decisions on monetary policy are informed by actual economic conditions.