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Federal Reserve names new payments security strategy leader

Kenneth Montgomery on Dec. 8 was named the Federal Reserve System's payments security strategy leader. He is the first vice president and COO of the Federal Reserve Bank of Boston, positions he will retain in addition to his new duties.

Montgomery succeeds Federal Reserve Bank of Chicago Senior Vice President Todd Aadland, who has served as payments security strategy leader since September of 2015. Aadland will assume responsibility for multiple treasury services programs and wholesale operations at the Federal Reserve Bank of Kansas City.

Montgomery also directs financial management strategies and operations in a national capacity for the Federal Reserve System’s financial support office and serves on the financial services policy committee.