December 9, 2022
1 min read

Indian-origin breaks another ceiling in US

As First Vice President, Shukla, 54, will be the institution’s second ranking officer…reports Asian Lite News

The Federal Reserve Bank of New York has appointed Indian-origin insurance veteran Sushmita Shukla as First Vice President and Chief Operating Officer.

As First Vice President, Shukla, 54, will be the institution’s second ranking officer.

Her appointment was approved by the Board of Governors of the Federal Reserve System, the New York Fed said in a statement on Thursday.

“I am honored to have the opportunity to work for a mission-driven organisation like the New York Fed,” Shukla said in a statement.

“I look forward to applying all that I’ve learned in my career, including my technology, operations, and risk-focused experiences, to furthering the key activities and supporting the dedicated leadership of this critical institution,” she added.

Together with the Bank’s President and Chief Executive Officer, Shukla will establish, communicate, and execute the strategic direction of the organisation.

She will also serve as an alternate voting member of the Federal Open Market Committee.

“Sushmita is a dynamic, inspiring, and highly effective leader who brings extensive experience leading large-scale enterprises and transformation initiatives to the Bank,” said John C Williams, President and Chief Executive Officer of the New York Fed.

“She has an in-depth knowledge of technology and agile innovation methods and is passionate about creating a truly diverse and inclusive culture,” he added.

Shukla has served in leadership roles in the insurance industry for nearly 20 years, primarily leading operations, technology, and enterprise-wide transformation efforts.

For the past five years, she has been Senior Vice President and Chief Operations Officer for International Accident & Health at Chubb — the world’s largest publicly traded property and casualty insurance company.

Shukla, who resides in Connecticut, is an MBA from New York University and a bachelor’s degree in electrical engineering from the University of Mumbai.

ALSO READ: Indian-origin Rachna Singh makes history as 1st South Asian minister in Canada

Previous Story

INTERVIEW: Nirupama Rao

Next Story

Nearly a million immigrants became citizens in FY 2022

Latest from India News

Modi all set for Japan, China visits

By travelling to both Tokyo and Tianjin within the span of a week, Modi is set to balance strategic partnerships with Japan and cautious engagement with China – two relationships that will

Modi, Macron Hold Talks on Ukraine, West Asia

During the talks, Macron shared assessment on the recent meetings held between the leaders of the Europe, US and Ukraine in Washington….reports Asian Lite News Prime Minister Narendra Modi spoke by phone

India, Sri Lanka Wrap Up SLINEX-25 in Colombo

The initiative also served to deepen mutual understanding, promote maritime diplomacy…reports Asian Lite News Aiming to boost maritime diplomacy and enhance people-to-people ties, the 12th edition of the India-Sri Lanka bilateral naval

Jaishankar Meets Putin in Moscow

Earlier in the day, EAM Jaishankar met his Russian counterpart Lavrov held detailed discussions on enhancing bilateral ties…reports Asian Lite News External Affairs Minister S. Jaishankar met Russian President Vladimir Putin in
Go toTop

Don't Miss

Gill, Sharma Excel, Secure BCCI Awards

The BCCI, after a hiatus in announcing awards, has now

Beware of visa scams, British High Commissioner tells Indians

British High Commissioner Ellis asked Indians to remain suspicious and