New York, March 5 (TIWN) Indian-American Naureen Hassan, a 25-year veteran of the financial services industry, has been named as the First Vice President and Chief Operating Officer (COO) of Federal Reserve Bank of New York.

In a statement issued on Thursday, the Bank said that the appointment effective March 15, was approved by the Board of Governors of the Federal Reserve System.  "As First Vice President, Hassan will be the New York Fed's second ranking officer as well as an alternate voting member of the Federal Open Market Committee," the statement said.