Boston Fed Appoints Two Senior Officers
Contact: Thomas L. Lavelle, Vice President and Public Information Officer, 617-973-3647, or Joel Werkema, Assistant Vice President, 617-973-3510
The Federal Reserve Bank of Boston today announced the appointment of two new senior vice presidents: Jacqueline Palladino, Senior Vice President/Corporate Services, and Richard C. Walker III, Senior Vice President/Regional Outreach. The newly promoted officers take on broader responsibilities and join ten other officers as members of the Bank's senior management team.
Jacqueline Palladino, Senior Vice President/Corporate Services, assumes responsibility for corporate communications, human resources, and all planning functions, including strategic planning, contingency planning, and enterprise risk management. Ms. Palladino joined the Bank in 1988 as an analyst. She held a variety of positions in the Supervision, Regulation and Credit Department over the years. Most recently, she was in charge of the Credit, Risk Management, Statistics and Analytics business functions. She holds a B.S. in industrial economics from Union College, Schenectady, New York, and an MBA from Northeastern University, Boston, MA.
Richard C. Walker III, Senior Vice President/Regional Outreach, will provide leadership for the Bank's regional outreach functions, which include community outreach, community development, financial institutions outreach, economic education and financial literacy, and consumer outreach. Mr. Walker has been with the Bank for more than 20 years, most recently serving as vice president in charge of Public and Community Affairs. He has over three decades of experience in business and community development in Boston. He was instrumental in the development of the Boston Business Collaborative, a project that led to the "Initiative For A New Economy," a program linking major corporations with minority businesses. He was also involved in the formation of the Massachusetts Housing Investment Corporation; Massachusetts Community and Banking Council; and the Black/Jewish Roundtable with the American Jewish Committee. Mr. Walker has served as a director of the Massachusetts Bay Transportation Authority and is a trustee of Bunker Hill Community College. He is a graduate of Villanova University, attended graduate school at SUNY-Stony Brook, and is a graduate of the Boston Executive Program at MIT Sloan School of Management.
The Federal Reserve Bank of Boston is one of 12 regional banks that, together with the Federal Reserve Board of Governors in Washington, DC, make up the Federal Reserve System. As the nation's central bank, the Federal Reserve System formulates and implements U.S. monetary policy, supervises banks and bank holding companies, and provides financial services to depository institutions and the federal government.
The Boston Federal Reserve Bank serves the First Federal Reserve District, which includes all of New England except Fairfield County, Connecticut. Within the District, the Bank monitors local economic conditions to aid in the formulation of monetary policy; engages in outreach to promote economic growth, community revitalization, and economic and financial education; supervises banks and bank holding companies; and provides financial services to facilitate banking operations.