For immediate release

Contact: Kelly Antonacci, Media Relations

Philadelphia — The Federal Reserve Bank of Philadelphia has appointed Paul Smith as senior vice president of the Bank’s Facilities and Cash Services departments. In this role, Smith oversees all aspects of cash operations, Bank facilities, and tenant relationships.

Smith joins the Bank from DuPont, where he led the North America Region Office and Laboratory Facilities from headquarters in Wilmington, DE. He worked at DuPont since 2015, advancing through management positions during that time. He has extensive experience in all aspects of strategic corporate facilities management for global Fortune 500 companies, including leading multiple teams, developing system-level strategies, managing operations and construction project design, and overseeing financial planning and analysis.

Prior to joining DuPont, Paul was director of real estate, facilities, and space planning at Navient and Sallie Mae. Before that, he was the architectural senior project manager at Interspec Design in Virginia.

Paul has an M.B.A. with a concentration in finance from the University of Delaware and a bachelor of architecture from Howard University School of Architecture and Planning.

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.