Richmond Fed Promotes Jennifer Burns to Senior Vice President

RICHMOND, Va., March 31 /PRNewswire/ --- The Federal Reserve Bank of Richmond has promoted Jennifer J. Burns to the role of senior vice president with responsibility for the Bank's Supervision, Regulation and Credit function as of April 1, 2010. She succeeds Malcolm C. Alfriend, who is retiring after four decades with the Richmond Fed.

"It is a dynamic and challenging time in banking," Burns said. "I am looking forward to becoming part of the Richmond Fed's leadership team as we work together on behalf of America's economy. I also am honored to be following Mac Alfriend, who has made many important contributions to the work of the Federal Reserve throughout his career."

Burns, who joined the Bank as a community bank supervisor in 1991, held various roles in the banking supervision department and was named the Fed's central point of contact for Bank of America in 1998. She was promoted to vice president in 2002 with responsibility for oversight of large financial institutions and large complex banking organizations.

"We are very fortunate to have Jennifer join our senior management team," said President Jeffrey M. Lacker. "She has excelled in the positions she has held throughout her career with the Richmond Fed and brings a wealth of experience and judgment to this new job."

Burns holds a bachelor's degree in finance from Michigan State University. She is a native of Lansing, Michigan.

SOURCE Federal Reserve Bank of Richmond