For immediate release
Contact: Daneil Mazone, Media Relations Representative, 215-574-7163
Philadelphia, PA — The Federal Reserve Bank of Philadelphia has announced the following promotions: Roc Armenter has been promoted to vice president and economist in the Bank’s Research Department; Charles Kirkland to vice president in Financial Statistics; Joanne M. Branigan to assistant vice president in the Supervision, Regulation and Credit (SRC) Department; and Wanda Preston to assistant vice president in SRC.
Also, Chellappan Ramasamy was promoted to assistant vice president in the Bank’s Retail Risk Analysis Unit of SRC; Gregory A. Ramick to assistant vice president in Cash Services; and Luke Tilley to officer and economic advisor in Corporate Affairs.
In addition, Michelle M. Scipione, vice president in Cash Services, and John Ackley, vice president in Treasury Services, have exchanged roles at the Bank.
As vice president and economist in the Research Department, Armenter will lead the monetary and macroeconomics section. He joined the Bank in 2008 as a senior economist, became economic advisor and economist in 2011, and then was promoted to senior economic advisor and economist in 2013. He previously served as an economist for the Federal Reserve Bank of New York. Armenter received a Ph.D. in economics from Northwestern University. He also holds bachelor’s and master’s degrees in economics from the Universitat Pompeu Fabra, Barcelona, Spain.
Kirkland joined the Financial Statistics Department in 1991 as a statistical reports analyst. He was promoted to statistics manager in 2006, to officer in 2012, and to assistant vice president in June 2013. Kirkland currently serves on several Federal Reserve System work groups, including the System’s Statistics and Reserves Training Subcommittee. He chairs a work group that facilitates the development of analytical tools and contributes to strategic planning at the department and System levels. Kirkland received a bachelor’s degree in economics from Pennsylvania State University.
Branigan joined SRC in 2000 as an assistant examiner. In 2004, she was promoted to senior examiner. Branigan was named manager of professional development in 2006 and became the examining officer in Community Bank Supervision in 2012. Before joining the Bank, she worked for 15 years in the financial services industry. Branigan played a key role in establishing PhillyFedCARES, the Bank’s community outreach group. Branigan holds a bachelor’s degree in accounting from Rutgers University and is a certified public accountant. She is currently attending the Stonier Graduate School of Banking/Wharton Leadership Program.
Preston was named Information Services and Support officer in SRC in 2011. Prior to that, she worked with the Business Technology Service unit in SRC on special projects beginning in 2010. Previously, she also held a number of management positions in the Retail Payments Department dating back to 1989. Preston was chair of the Bank’s 2012 United Way campaign and has a leadership role in PhillyFedCARES. She also teaches financial literacy as a volunteer at General George A. McCall Elementary School in Philadelphia. Preston received a bachelor’s degree in organizational management and an MBA in business administration from Eastern University.
Ramasamy joined the Bank in 2010 as a special advisor, and he has provided advanced quantitative support for supervisory initiatives, such as Basel II qualification for large banks and the Dodd-Frank Wall Street Reform and Consumer Protection Act stress testing for capital adequacy. As assistant vice president of the Retail Risk Analysis Unit of SRC, he will manage a team working to implement the Dodd-Frank Act supervisory stress tests. Prior to joining the Bank, Ramasamy was appointed senior manager of Wells Fargo in 2005 and a vice president of JPMorgan Chase & Co. in 2003; he previously held a variety of positions at American Express. He received a bachelor’s degree in agricultural sciences from Tamilnadu Agricultural University in India and a master’s degree and Ph.D. in applied economics from the University of Minnesota.
Previously, Ramick was an officer in the Wholesale Product Office. In his new role, he is primarily responsible for managing Cash Service’s administration and budget, internal control, and automation functions. Ramick began his career at the Bank in 1990 as an operations supervisor and has held a variety of managerial positions with increasing responsibility in a number of departments throughout the Bank, including Treasury Services, Wholesale Payments, and the Cash Fiscal Product Office. He has a bachelor’s degree in economics from Saint Joseph’s University.
Tilley joined the Bank in 2009 as regional economic advisor. His responsibilities include researching emerging regional economic issues, helping to coordinate the Bank’s Economic Advisory Council, and managing outreach to U.S. House and Senate members from the Bank’s District. Earlier in his career, he worked as a senior economist at IHS Global Insight and as an economist for the U.S. Department of Housing and Urban Development. Tilley is an adjunct faculty member at Temple University and serves as secretary of the Philadelphia Council of Business Economics. He is also a member of the board of the Pennsylvania Economic Association. Tilley received a bachelor’s degree in economics and history from James Madison University and a master’s degree and a Ph.D. in economics from Temple University.
Scipione began her career at the Bank in 1989 as an auditor and became an analyst in the Cash Services Department in 1992. She was promoted to manager of administration, automation, and special projects in 1995 and later served as national cash manager for the Cash/Fiscal Product office. In 2001, Scipione became director of the System’s Professional Education Program and, in 2002, was promoted to Cash Services officer. Scipione holds an MBA from La Salle University and a bachelor’s degree in finance from Temple University.
Ackley joined the Bank in 1973 as a shipping clerk in the Savings Bond Division. In his tenure at the Bank, he has held various leadership positions of increasing responsibility in the Fiscal and Treasury Services Departments in support of the U.S. Treasury. He has also been active in various Federal Reserve System groups, providing expertise and supporting collateral management activities for the Federal Reserve’s credit and risk management community. Ackley attended Temple University and graduated from the Bank Administration Institute.
The Federal Reserve Bank of Philadelphia helps formulate and implement monetary policy, supervises banks and bank and savings and loan holding companies, and provides financial services to depository institutions and the federal government. It is one of the 12 regional Reserve Banks that, together with the Board of Governors in Washington, D.C., make up the Federal Reserve System. The Philadelphia Federal Reserve Bank serves eastern Pennsylvania, southern New Jersey, and Delaware.