For immediate release: February 1, 2023
The Federal Reserve Bank of Atlanta board of directors recently approved the promotions of senior vice presidents Brian Bowling, Leah Davenport, Jeff Devine, Richard Jones, and Jason Molfetas to executive vice president. The promotion of these executive leadership committee members was effective January 1, 2023.
The committee provides strategic senior-level policy and management direction for the Bank, and its members are responsible for modeling and advancing the organization’s vision, mission, and values. At the division level, each committee member is accountable for their respective business line’s performance and ensuring a diverse, equitable, and inclusive culture across all areas.
Bowling is chief financial officer with oversight responsibility for the Financial Management and Planning, Financial Statistics and Structure Analysis and Credit and Risk Management departments. Before taking on his current role in 2015, he held the executive positions of chief information officer and general auditor.
Davenport oversees the Corporate Engagement Division, which includes Corporate Relations, Human Resources, Public Affairs, and the Office of Diversity, Equity, and Inclusion. She has served in this role since 2018. From 2010 to 2018, she was senior vice president of operations and administrative services.
Devine has led the Operations and Administrative Services Division since 2018. He is responsible for financial services and Branch operations, including Business Continuity, the District’s Cash Function Office, Event Management, Facilities Management, Law Enforcement, and Records Information Management. Prior to his current role, he was senior vice president in the Retail Payments Office.
Jones is the general counsel and leads the Legal Department, which includes the Bank's practicing attorneys, compliance, and privacy. He is also the Bank’s ethics officer, and in this role provides ethics guidance to the Bank’s directors and employees and oversees the application of the employee code of conduct.
Molfetas has served as the chief information officer since July 2020. In his role, he leads the Business Technology and Security Division. He has extensive transformational leadership experience, having led the restructuring of the Bank’s IT enterprise, as well as the implementation of new strategic technology initiatives at several organizations prior to 2020.
The Federal Reserve Bank of Atlanta serves the Sixth Federal Reserve District, which encompasses Alabama, Florida, Georgia, and sections of Louisiana, Mississippi, and Tennessee. As part of the nation's central banking system, the Atlanta Fed participates in setting national monetary policy, supervises numerous commercial banks, and provides a variety of financial services to depository institutions and the US government.