News Releases

Feb. 22, 2021

Federal Reserve Appoints Sunayna Tuteja as Chief Innovation Officer

Sunayna Tuteja has been appointed as the Federal Reserve System’s chief innovation officer, a new role in which she will lead efforts to identify, research, enable and advocate for new technologies while fostering a culture of innovation, collaboration and experimentation.

Tuteja, who will be a senior vice president, joins the Fed’s National IT organization from TD Ameritrade, where she served most recently as head of digital assets. The appointment is effective February 22.

“Innovation is fundamental to the Fed’s IT strategy, so I am very excited that Sunayna was willing to take on this new opportunity,” said Federal Reserve Chief Information Officer Ghada Ijam. “She will be collaborating with business and technology leaders to formulate an agenda that advances technology research and leverages the great innovation work already underway across the Fed.”

Tuteja’s responsibilities during more than a decade working at TD Ameritrade included being head of strategic partnerships and emerging technology, and head of digital strategy, experience and innovation. She is a graduate of the University of Alberta.

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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