Cleveland Fed announces officer appointments

The Federal Reserve Bank of Cleveland announces officer promotions in the following departments, effective January 1, 2024, unless otherwise noted:

Audit

Stephanie Nickerson was promoted to vice president and assistant general auditor. In this role, she will help direct all internal audit activities, oversee audit coverage, and provide administrative oversight for the Audit Department. Prior to joining the Cleveland Fed in 2021, Nickerson held various technology-related audit positions at the Federal Reserve Banks of Atlanta and Richmond.

Information Technology

Christy Clayton-Petrencsik was promoted to assistant vice president. In this role, she will continue to lead the Bank’s data analytics team. She joined the Bank in 2011 as a business systems analyst in the Supervision, Credit Risk, and Statistics department. In 2019, she was promoted to manager of a business technology services team within the department. In 2021, Clayton-Petrencsik became an IT manager in the Information Technology Department. Prior to joining the Bank, she held various positions within the banking industry related to technology design and delivery.

Kannappan (Ken) Manickam, vice president, is being appointed chief technology officer, effective December 16, 2023. As CTO, he will continue to lead the department’s portfolio management, product management, solutions architecture, and solutions delivery. He is now responsible for the technology strategy and delivery for Cleveland’s Treasury Services portfolio.

Legal

Toby Trocchio was promoted to vice president and corporate secretary. He will continue to lead the Office of the Corporate Secretary, which maintains the Bank’s corporate records and broadly provides support and guidance to the independent boards of directors as they carry out their administrative and oversight responsibilities. Trocchio joined the Bank in 2003 as a financial analyst and has held many positions throughout the Bank with increasing responsibility.

People Resources

Chrissy Hrovat was promoted to vice president of Total Rewards and HR Operations. She will continue to be responsible for leading a team in developing and implementing the strategy for the Total Rewards and Operations functions comprising compensation, benefits and well-being, payroll, compliance, human resources technology, and people analytics. Hrovat joined the Bank in 2004 and has held several positions that support the Bank’s compensation, executive pay, performance management, benefits, HRIS, and payroll processes and programs.

Research

Kurt Lunsford was promoted to assistant vice president. In this role, he will assume responsibility for leading research economists on the macroeconomic policy team, the team responsible for researching the national economy and analyzing current macroeconomic conditions. Lunsford joined the Bank in 2015 as a research economist and was promoted to senior research economist in 2022.

Bariş Kaymak was promoted to principal. Kaymak joined the Bank as a senior research economist in 2021, specializing in macroeconomics, labor economics and public economics. Previously, Kaymak was a professor of economics and the J.W. McConnell Family Foundation Chair of American Studies at the University of Montreal. He is currently a research fellow at Centre Interuniversitaire de Recherche en Économie Quantitative.

Supervision, Credit Risk, and Statistics

Brian Sahnd was promoted to assistant vice president, effective December 16, 2023. In this role, he will continue to provide oversight of the consumer complaints program and consumer compliance supervisory activities at our community, regional, and large banks. He joined the Bank in 2006 as an assistant examiner and has since held positions of increasing responsibility.

Eric Veneskey was promoted to assistant vice president, effective December 16, 2023. In this role, Veneskey will continue to lead the market and liquidity risk team and co-lead the System’s Risk Coordination Group’s risk analytics team. Veneskey joined the Bank in 2012 as an examiner and has since held positions of increasing responsibility.

Treasury Services

Tommi Wooten was promoted to vice president, effective December 16, 2023. In this role, she will continue to lead the product team and serve as a strategic partner to the US Treasury. In 2023, Wooten became business leader for the Pay.gov application, overseeing the performance and strategy of the business line. Prior to joining the Bank in 2021, Wooten led product development and delivery at various financial institutions within the Fourth District.