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Photo of Ghada Ijam

Nov. 20, 2019

Ijam Appointed as Federal Reserve System CIO

The Federal Reserve Bank of Richmond has appointed Ghada Ijam as the Federal Reserve System’s chief information officer. Ijam will oversee national information technology for the Federal Reserve System and will succeed Margaret E. “Lyn” McDermid, who earlier this year announced plans to retire as CIO after more than seven years of exceptional service to the Federal Reserve. Ijam will transition into the role starting in January 2020.

Most recently, Ijam has served as chief operating officer and executive vice president in the Federal Reserve’s national information technology function. Before joining the Federal Reserve in 2017, Ijam held a number of leadership positions during eight years with Amtrak, including serving as CIO for the passenger railway. She has also held management positions with Freddie Mac and Intel Corp. during her nearly 30-year career in technology and business.

“Ghada has demonstrated experience as a strategic leader and change agent. Her passion and support for a culture that promotes diversity, talent mobility, innovation and excellence equip her as the right leader for this critical role,” said Tom Barkin, president and chief executive officer of the Richmond Fed.

“I am both excited and humbled to be selected to take on these responsibilities,” Ijam said. “Throughout my work here, I have been impressed by how strongly everyone across the Fed believes in the importance of the work we do to deliver secure and reliable technology solutions to meet our critical mission as America’s central bank.”

Ijam is a member of Goodwill of Greater Washington’s board of directors and Women in Technology.

Ijam earned her bachelor’s degree in civil engineering from Kuwait University, her MBA from Virginia Tech and is currently completing an executive education program at the University of Pennsylvania’s Wharton School of Business.

Photo of Ghada Ijam (print quality)

As part of our nation’s central bank, the Richmond Fed is one of 12 regional Reserve Banks working together with the Board of Governors to support a healthy economy and deliver on our mission to foster economic stability and strength. We connect with community and business leaders across the Fifth Federal Reserve District — including the Carolinas, District of Columbia, Maryland, Virginia, and most of West Virginia — to monitor economic conditions, address issues facing our communities, and share this information with monetary and financial policymakers. We also work with banks to ensure they are operating safely and soundly, supply financial institutions with currency that’s fit for distribution, and provide a safe and efficient way to transfer funds through our nation’s payments system.


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