Breean Fortier joins Boston Fed as senior vice president in key finance role
Fortier will lead Federal Reserve System’s Financial Support Office as well as the Bank’s financial management group; will serve on Boston Fed’s Executive Committee
The Federal Reserve Bank of Boston is pleased to announce Breean Fortier has been appointed senior vice president and function manager in the Federal Reserve System's Financial Support Office, based at the Boston Fed and supporting all twelve of the Reserve Banks around the country. She will also have executive oversight of the Boston Fed's financial management activities.
Fortier comes to the Boston Fed after previously serving at the New England Conservatory as chief financial officer and at Northeastern University as senior vice provost for budget, planning, and administration. Fortier also held several roles at the Commonwealth of Massachusetts, including deputy chief information officer and deputy commissioner and chief financial officer for the Department of Revenue.
The Financial Support Office, which Fortier will head, leads and supports the management of the Federal Reserve System's operating budget, as well as its planning and analysis and accounting activities. It also supports Federal Reserve Financial Services and performs key financial reporting and program management initiatives.
Fortier will also have executive oversight of the Main Street Lending Program, a Federal Reserve emergency lending facility that helped credit flow to small and medium-sized for-profit businesses and nonprofits that were in sound financial condition before the onset of the COVID-19 crisis. And she will work with the Reserve Bank's chief financial officer to oversee the Boston Fed's accounting, procurement, and financial planning and analysis activities. Fortier will be a member of the Bank's Executive Committee.
Fortier has a master's degree from Columbia University and a bachelor's degree from Harvard University.
The Federal Reserve Bank of Boston serves the First Federal Reserve District, which includes all of New England except Fairfield County, Conn. Within the district, the Bank monitors local economic conditions to aid in the formulation of monetary policy, engages in outreach to promote economic growth and community revitalization, supervises banks and bank holding companies, and provides financial services to facilitate banking operations. Read more about the Boston Fed here.