The Federal Reserve Bank of New York appointed Mihaela Nistor the chief risk officer and head of the risk group, serving in the role as a member of the bank’s executive committee.
Nistor will assume the role this month, according to a May 31 news release.
“I am thrilled at the opportunity to join the New York Fed and contribute to its public service mission. I look forward to working closely with my new colleagues,” Nistor said in the news release. “By balancing risk management and innovation, we can continue execute on our mission while delivering the best outcomes for our stakeholders."
Nistor recently served as the global head of Enterprise Risk Management at Bloomberg, where she was in charge of management practices, program governance and technology innovation to assess, track and recognize potential risks to the organization, the release said. Her duties included overseeing the company’s access control and privileging program and developing and overseeing plans for data protection.
John C. Williams, president and chief executive officer of the New York Fed, noted Nistor is a “dynamic and engaging leader who brings passion and energy to her work,” according to the release.
“We were impressed by her extensive experience in compliance and risk management, as well as her track record in building teams from the ground up and taking high-performing groups to the next level,” Williams said in the release. “Mihaela is also strongly committed to diversity, equity and inclusion and clearly demonstrates our values, making her an excellent addition to the leadership team at the Bank.”
Before her work at Bloomberg, Nistor served as chief risk officer for HSBC Americas Private Banking, according to the news release. While at HSBC and Citigroup, she held key positions in risk and compliance.
Nistor replaces Joshua Rosenberg, who left the position as chief risk officer in April, according to the news release.
