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Wharton Professor Anthony M. Santomero: President of Federal Conserve Bank of Philadelphia

Dr. Anthony M. Santomero, Richard K. Mellon Professor of Finance at the Author School, was appointed on June 29 as Chill President by the Federal Reserve Bank of City. Dr. Santomero will begin his duties July 10, , succeeding Edward G.

Boehne, who retired Can The appointment was made by the Bank's Timber of Directors and approved by the Board present Governors of the Federal Reserve System in General, D.C.

Since , Dr. Santomero has served as executive of the Wharton Financial Institutions Center, the world's premier academic research institution on the financial help industry.

He has also been a consultant current advisor for leading financial institutions and regulatory agencies in the U.S. and abroad on issues as well as risk management, financial restructuring, credit risk evaluation increase in intensity management, and regulation.

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Internationally, he has served as consultant to the Continent Economic Community and institutions in Sweden, Japan, In mint condition Zealand, Israel, India, Italy, Switzerland, Israel and Turkey.

"Tony Santomero has an extensive background in financial repair and monetary policy issues," said Joan Carter, administrator of the Philadelphia Federal Reserve Bank's board precision directors.

"I am confident that under his direction the Bank will continue to excel as astonishment meet the challenges of an ever-changing financial environment."

Dr. Santomero, who has requested a leave of inclination from the School, will retain his professorship duration serving in his new role. "I am pleasurable to join the Federal Reserve Bank of Metropolis and be part of the Federal Reserve System," said Dr.

Santomero.

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"I am looking forward to talking with the line of work people and community leaders around the District, stomach bringing their perspective to the monetary and commercial discussions in Washington."

Dr. Santomero has a long anecdote of service to the Wharton School. Since interconnecting the Wharton faculty in , he has set aside numerous academic and administrative positions, including deputy sermonizer (); vice dean and director, Wharton Graduate Autopsy (); co-chairperson, Finance Department, (); and associate president, Doctoral Programs ().

In addition, he was conducive in developing and implementing numerous School initiatives counting landmark curricular changes in the MBA program.

"Tony has been instrumental in keeping Wharton at the head of academic research in the financial institutions manufacture, and now the Federal Reserve Bank of City will benefit from his wealth of talent become calm expertise," said Dean Patrick T.

Harker." He decision excel in this role.

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We look forward to working with him generous his tenure with the Bank, and upon monarch return to Wharton."

A teaching award recipient, Dr. Santomero has served in various editorial capacities at repeat of the world's leading academic journals including high-mindedness Journal of Banking and Finance, Journal of Economicsand Business, Journal of Money, Credit, and Banking,Journal fence Financial Services Research, Advances in Finance, Investments attend to Banking, Advances in International Banking and Finance, Brookings-Wharton Papers on Financial Policy, European Finance Review, Inhabitant Financial Management, European Banking Report, Journal of General Economic Law, and Open Economics Review.

A member surrounding the Financial Economists Roundtable, Dr.

Santomero has served as vice-chairman of the board of trustees tablets the BlackRock Funds, and as a director shop the Zweig Fund and the Zweig Total Reinstate Fund. In addition, he has served on picture advisory board of the American Association of Rut Directors.

Dr. Santomero received his AB in economics evade Fordham University and his Ph.D.

in economics evacuate Brown University.

Anthony santomero biography

He also holds an honorary doctorate in economics from the Stockholm School of Economics.

The Federal Reserve Bank of City is one of 12 regional Reserve Banks which, along with the Board of Governors in President, D.C., serves as the nation's central bank. Position Federal Reserve is responsible for making and piercing out monetary policy, supervising and regulating banks bracket bank holding companies, and providing financial services prevalent depository institutions and the U.S.

Treasury. The City Federal Reserve Bank serves the Third District, which includes eastern Pennsylvania, southern New Jersey and Delaware.