The Federal Reserve Bank of Richmond has hired William S. Cooper, Jr., as vice president and deputy director for diversity and inclusion. When he joins the management team in February, Cooper will lead diversity and inclusion efforts. He also will work with the function's director in developing and directing the Bank's new Office of Women and Minority Inclusion (OMWI), and in coordinating similar efforts within the Federal Reserve System. Senior Vice President Tammy Cummings was named OMWI director in December.
"This is a great opportunity to use my expertise and experience to help the Federal Reserve affect businesses and economies in the region and nation, and that excites me," said Cooper, the director of supplier diversity for the University of Virginia in Charlottesville since 2005.
A Richmond resident, Cooper's background also includes leading, developing and administrating supplier diversity programs for various firms and as a minority business owner. He was CEO of Richmond-based Choice Communications, Inc.; one of the largest African-American owned printing firms in the nation.
Bank President Jeff Lacker said the role is key in advancing the Bank's current diversity and inclusion efforts which have been a leadership priority. Initially, he explained, efforts were focused on workforce diversity and now include procurement and community outreach.
"Bill has dedicated his career to advancing minority business participation in the economy and in educating public and private firms regarding the business case behind it," Lacker said. "He is uniquely qualified for this new role, and well-prepared to help us move forward in innovative ways."
Cooper recently began a two-year term chairing the Virginia Minority Supplier Development Council Board of Directors, which matches public and private organizations with certified minority-owned enterprises. He also is a member of the Virginia Governor's Supplier Diversity Advisory Board and the Novation Supplier Diversity Advisory Group, and is a board director for the Richmond Jazz Society.
Cooper received three degrees from UVA, including a master's degree in business administration from The Darden Graduate School of Business, and master's of planning and bachelor's of science degrees.
Photo of William S. Cooper, Jr. (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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