Bank of New York Mellon Corp. announced Monday that a top New York Federal Reserve official responsible for domestic markets would join the business next month in a financial markets role.
Nathaniel Wuerffel, the New York Fed’s Head of Domestic Markets and senior vice president will become the bank’s Head of Market Structure. In addition, he will serve as government securities chief of staff. Beginning June 12.
The government securities business of Bank of New York Mellon provides Treasury bond trading clearing and other services for the huge market where dealers borrow and lend bonds.
Wuerffel joined the New York Fed in June 2008 and worked in markets, according to his LinkedIn profile. His bio states he has been the domestic markets group chief since June 2018. Wuerffel began working at the Chicago Fed in 1998.
Wuerffel leaves amid New York Fed leadership changes. Lori Logan, who managed the Fed’s huge securities and cash holdings and advised on monetary policy, departed the bank this summer to lead the Dallas Fed. Roberto Perli succeeded her in March.
A New York Fed official confirmed Wuerffel’s departure and added that until he leaves, he is “on ice,” which prevents him from sensitive work.
Comment Template