Division of Financial Stability

Board of Governors of the Federal Reserve System

April 20, 2025

Director, Andreas W. Lehnert

84

Deputy Director, Michael Kiley1

Senior Associate Director, Namirembe Mukasa

Deputy Associate Director, Alfonso Ventoso
  • External Engagement
  • Policy Planning and Coordination

Senior Adviser, Adele Morris

Senior Associate Director, Elizabeth Klee

Deputy Associate Director, Seung Lee
  • Financial Stability Research, Data, and Technology Analysis
Assistant Director, Fang Cai
  • Financial Stability Assessment
Associate Director, Skander Van den Heuvel
Deputy Associate Director, David Arseneau
  • Macroprudential Policy Analysis3
  • Adviser, Andrew Cohen
Assistant Director, Jose Berrospide
  • Financial Institution Risk Evaluation4

Senior Associate Director, William Bassett

Senior Adviser2, Todd Vermilyea
Deputy Associate Director, Ceyhun “Bora” Durdu
  • Financial and Macroeconomic, Stability Studies
Assistant Director, Jacque Hightower
  • Administration

1. Michael Kiley is also a Special Adviser to the Board reporting directly to Michelle Smith in BDM. Return to text.

2. This position is temporary and does not count against the division position and officer count. Return to text.

3. Macroprudential Policy Analysis reports to David Arseneau to Skander Van den Heuvel to Elizabeth Klee. Return to text.

4. Financial Institution Risk Evaluation reports to Jose Berrospide to Skander Van den Heuvel to William Bassett. Return to text.

Official Format

Last Update: November 01, 2024