In Brief: New York Fed Names Director of Research

The Federal Reserve Bank of New York has named Christine M. Cumming executive vice president and director of research.

Ms. Cumming, who will assume the post in early September, is a 20-year veteran of the bank. She will manage the research and market analysis group, which has 280 employees.

She is currently senior vice president in the bank supervision group, where she has overseen advisory and technical services and bank analysis since 1993. Ms. Cumming has also worked on credit and risk management issues that come before the banking supervision committee of the Bank for International Settlements. She succeeds Stephen G. Cecchetti, who is leaving the New York Fed in September after two years to return to Ohio State University.

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