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Dec. 21, 2020

Richmond Fed Announces Officer Appointments

The Federal Reserve Bank of Richmond announces the following appointments in its Supervision, Regulation and Credit department:

Carlyle Powell has been appointed as an assistant vice president, with responsibility to oversee a portfolio of community banks as well as a team that conducts supervisory events.

Powell joined the Richmond Fed in 2018 as a senior manager in the department’s Strategic Advisory Group. She previously worked at the Chicago Fed as a senior manager and financial institution central point of contact.

Powell earned a bachelor’s degree in economics from Longwood University. Her appointment was effective October 16.

Kathy Laidig has been named an assistant vice president, leading a team of examiners supervising large financial institutions.

Laidig joined the Richmond Fed in 1992 and among her recent responsibilities led a financial risk team, and collaborated with domestic and foreign regulatory counterparts, as well as throughout the Federal Reserve System.

Laidig previously worked at Bank of America. She earned a bachelor’s degree from the College of William and Mary and an MBA from Virginia Commonwealth University. Her appointment was effective October 16.

Glen Davis has joined the Richmond Fed as an assistant vice president, with responsibilities that include oversight of a portfolio of community banks, as well as a team that conducts supervisory events.

Davis worked most recently at Bank of America as audit director, where he managed relationships with the Federal Reserve, OCC, FDIC and other regulators. Previously, he worked 18 years at the Philadelphia Fed as a team manager, central point of contact and examiner.

Davis earned a bachelor’s degree in finance from Rowan University and an MBA from Rutgers University. His appointment was effective November 2.

Charles Wallace joined the Richmond Fed as an assistant vice president in the Quantitative Supervision and Research unit, advising department leaders on risk and banking policy issues.

Wallace worked most recently at State Street Corporation, where he led a team that used predictive models to enhance business strategy. Prior to that, he worked in management, research and analytics positions at firms that most recently included Cambridge Associates LLC.

Wallace earned a bachelor’s degree in English from Trinity College and an MBA from the University of Chicago. His appointment was effective November 2.


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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