The Federal Reserve Bank of Richmond has promoted Regional Economist Matthew Martin to the role of Senior Vice President and Charlotte Regional Executive. Martin, 41, will assume the top leadership position for the Bank's Charlotte Branch March 1, following the retirement of branch executive Jeff Kane. In his new role, Martin will be responsible for branch leadership and regional outreach in the Carolinas.
"I am very excited by this opportunity," Martin said. "I look forward to the new challenges that come with this role, and also in continuing my work in the region. I have been [in Charlotte, N.C.] for some time now and find the officers and staff to be great people and a lot of fun to work with."
Martin joined the Charlotte Branch as a regional economist in 2006. His responsibilities included analyzing regional economic conditions, as well as developing relationships with and educating the region's diverse constituents on the work of the Federal Reserve and the Richmond Fed. He also provided leadership to the regional research division of the Research Department, which is based in Richmond.
"Matt is an excellent business economist; he is as good as they come," said Richmond Fed President Jeffrey M. Lacker. "His unique leadership and diverse professional experiences prepare him to make contributions to the senior management team and represent the Fifth District voice to our constituents."
As an Army officer, Martin commanded a 16-member unit as part of Operations Desert Shield and Desert Storm. He previously worked as an economist for Moody's Economy.com and the U.S. Congressional Budget Office, and has taught college courses in macroeconomics, money and banking.
Martin also has applied his enthusiasm for teaching financial education as a board member of the North Carolina Council on Economic Education and Community Link, a local housing and home ownership nonprofit. "I have a passion for this work," he said.
A graduate of the U. S. Military Academy, West Point, N.Y., Martin earned a doctorate in economics from the University of Delaware, Newark, Del.
Martin and spouse Leslie have two children, Grant and Delaney.
For more information about the Richmond Fed see http://richmondfed.org/.
Photo of Matthew Martin (Print Quality)
The Richmond Fed serves the Fifth Federal Reserve District, which includes the District of Columbia, Maryland, North Carolina, South Carolina, Virginia and most of West Virginia. As part of the nation's central bank, we're one of 12 regional Reserve Banks that work together with the Federal Reserve's Board of Governors to strengthen the economy and our communities. We manage the nation's money supply to keep inflation low and help the economy grow. We also supervise and regulate financial institutions to help safeguard our nation's financial system and protect the integrity and efficiency of our payments system.
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