The Federal Reserve Bank of New York announced that the Board of Governors of the Federal Reserve System has redesignated Pat Wang as chair of the New York Fed’s Board of Directors and Dr. Rajiv Shah as deputy chair. Wang, president and chief executive officer of Healthfirst, joined the New York Fed’s Board as a Class C director in January 2023, served as deputy chair from January 2024, and has been chair since January 2025. Shah, president of The Rockefeller Foundation, joined as a Class C director in January 2024 and has been deputy chair since January 2025.
Federal Reserve Bank of New York 2026-01-09
Federal Reserve Board redesignates Pat Wang as New York Fed board chair and Rajiv Shah as deputy chair
The Federal Reserve Bank of New York announced the redesignation of Pat Wang as chair and Dr. Rajiv Shah as deputy chair of its Board of Directors. Wang and Shah have served in these roles since January 2025.