N.Y. Fed Loses Top Officers Including Potter in Rare Double Exit
- Departures of Simon Potter and Richard Dzina effective June 1
- Potter ran key Fed trading desk, was passed over for top job
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The Federal Reserve Bank of New York said two of its top officers are departing -- including Simon Potter, who oversees its strategically vital trading desk -- in a rare double exit from the senior ranks of the U.S. central bank.
Potter and fellow executive vice president Richard Dzina, who ran the bank’s financial services group, will both step down effective June 1, the bank said in a statement Tuesday. It will launch a search to find their successors.