Madison,
09
February
2016
|
03:09 AM
America/Chicago

Former NY Federal Reserve Bank executive joins American Family board

Summary

Christine Cumming, retired first vice president and chief operating officer of the Federal Reserve Bank of New York, is now a member of American Family’s board of directors.

Christine Cumming, a high-profile leader in the financial services sector, has joined American Family’s board of directors. The board elected Christine to the position this week, increasing board membership to 14.

Christine brings 35 years of experience from the Federal Reserve Bank of New York, the last 11 years as the first vice president and chief operating officer before retiring last June. Christine joins a board of directors team comprised of leaders in a variety of sectors. She will serve on the board’s Finance and Risk Committees.

“Christine is a smart, down-to-earth executive who has a deep understanding of global financial industry issues that are relevant to our business,” says Jack Salzwedel, American Family chairman, chief executive officer and president. “We’re honored and delighted to have Christine join our board. Her perspective, judgment and counsel will have a tremendous benefit for our customers and our company.”

The Federal Reserve Bank of New York is one of 12 regional Reserve Banks within the Federal Reserve System. Along with other public and private sector institutions it works to foster the safety, soundness and vitality of our economic and financial systems.

The Federal Reserve System has important roles in operating the nation's payments systems, protecting consumers' rights in their dealings with banks and promoting community development and reinvestment.

Christine’s additional experience includes vice president of the International Economics Department at Morgan Guaranty Trust Company.

Christine lives in Brooklyn, New York.

She has a bachelor of science and a Ph.D. in Economics from the University of Minnesota.

Members of our current board, in addition to Christine, include:

  • Jack Salzwedel (board chairman), American Family chairman, chief executive officer, and president

  • David Anderson, retired American Family chairman and chief executive officer

  • Kathleen S. Barclay, retired executive, The Kroger Company

  • Londa Dewey, president, QTI Group

  • Leslie Ann Howard, retired president and chief executive officer, United Way of Dane County

  • Ted Kellner, CFA, chairman and chief executive officer, Fiduciary Management Inc.

  • Rakesh Khurana, dean, Harvard College

  • Michael Knetter, Ph.D., president, University of Wisconsin Foundation

  • R. Scott Malmgren, retired senior partner, Deloitte & Touche, LLP

  • Walter Oliver, retired executive, General Dynamics Corporation

  • Eliot Protsch, president, Wapsie Investment & Advisory LLC

  • Paul Shain, president and chief executive officer, Singlewire Software LLC

  • Thomas Zimbrick, chief executive officer, Zimbrick Inc.