NY Fed's Christine Cumming Joins Women in Sovereign Entities Advisory Board

NEW YORK - June 22, 2015 - PRLog -- Women in Sovereign Entities (WSE), a nonprofit organization focused on women executives in the global sovereign financial sector, today announced that Christine M. Cumming, First Vice President and COO, Federal Reserve Bank of New York, is joining its Advisory Board upon her retirement this month.

Prior to this, Ms. Cumming was Executive Vice President and Director of Research of the Federal Reserve Bank of New York with responsibility for the Research and Market Analysis Group from 1999 to 2004, Senior Vice President in the Bank Supervision Group from March 1994 until September 1999, and Vice President from 1992 to 1994.

Ms. Cumming said, “Women have made notable progress as leaders in sovereign sector organizations, but women can play a much larger role in the leadership ranks. I joined WSE’s Advisory Board to contribute to accelerating the professional development of women in the sector, their entry into leadership roles, and their growth and achievement once in them.” Leveraging her extensive central banking expertise, Ms. Cumming will provide WSE with strategic guidance and visibility.

According to WSE Founder and President, Sefi Shliselberg, “WSE fulfills an important need within the sovereign sector by providing a forum for women to connect with one another and by helping to promote their leadership.” Starting this month, WSE is launching the first workshop in its Leadership Development Series. The series consists of several workshops, each addressing different aspects of sovereign women’s leadership development.

By supporting their leadership, and facilitating the sharing of best practices among them, WSE will help sovereign women strengthen their domestic policy frameworks and institutions leading to better public policy, and a more high-performing global financial landscape.

The sovereign sector, which accounts for over $30 trillion in assets and reserves, has significant influence over global financial markets and plays a critical role in the formulation and implementation of monetary policy. The increasing complexity and interconnectedness of global financial markets has made it vital for the different sovereign entities -- including central banks, sovereign funds, development banks, and multi-lateral financial institutions -- to communicate and collaborate.

For more information, please see http://www.theWSE.org.