Nordstrom Named Markets Head at New York Fed

Anna Nordstrom has been officially announced as the new head of the Federal Reserve Bank of New York’s Markets Group, which is responsible for the Federal Reserve’s interactions with, and in, financial markets.

Nordstrom has been with the New York Fed since 2008 when she joined from the European Central Bank to lead the international markets function, prior to which she also worked at the International Monetary Fund and Sveriges Riksbank. In 2023, Nordstrom added domestic markets to her remit, becoming head of the New York Fed’s Domestic and International Markets Function, which is responsible for the implementation of domestic monetary policy operations as directed by the Federal Open Market Committee (FOMC), the execution of FX operations on behalf of the FOMC and the US Treasury, and the execution of the Federal Reserve’s central bank liquidity swap lines. She has also overseen the production of reference rates for US money markets and analysis related to domestic and international policy developments.

Nordstrom has been interim head of the Markets Group following the departure in December 2024 of Michelle Neal, who had held the role since March 2022. She is also a member of the New York Fed’s executive committee.

“Anna is a dedicated public servant who applies her keen understanding of financial markets and operations, and her decades of engagement with central banks and market participants around the world to help drive our success,” says John Williams, president and CEO of the New York Fed. “As a mission-driven leader, Anna brings deep and broad expertise and experience, humility, and empathetic leadership to her work. I look forward to her continued service to the Bank and working with her in this new capacity.”

Nordstrom adds, “I have enormous respect for the Federal Reserve Bank of New York and the Federal Reserve System, its mission, and the people who serve it, and I am humbled and honoured to take on this role. I am grateful to be able to serve alongside my New York Fed colleagues to achieve the best outcomes for our public mission while empowering and cultivating our future leaders.”