Fed’s Bowman picks staff from Goldman, Davis Polk and BPI, Bloomberg News reports

Published 05/09/2025, 05:49 PM
Updated 05/09/2025, 05:52 PM
© Reuters. FILE PHOTO: Federal Reserve Board Governor Michelle Bowman, President Donald Trump's nominee to be Federal Reserve vice chair for supervision, attends a Senate Banking, Housing, and Urban Affairs Committee confirmation hearing on Capitol Hill in Washingto

(Reuters) -U.S. Federal Reserve Governor Michelle Bowman has picked three staffers from the banking world, Bloomberg News reported on Friday, citing people familiar with the matter.

The three were picked by Bowman and will be employed by the Fed to work in its Supervision and Regulation Division, according to the report.

The new staff include Randall Guynn, who was chairman of Davis Polk & Wardwell’s financial institutions group in New York until earlier this month, the report said.

Another pick is Aleksandra Wells, who until recently was a vice president in Goldman Sachs Group (NYSE:GS) government affairs unit, according to the report. She was on the Federal Reserve Board for about 14 years and worked as an adviser to Bowman, according to her LinkedIn profile.

The third appointment is economist Francisco Covas, who was head of research at the Washington-based Bank Policy Institute and has also worked at the Fed, the report said.

The Fed declined to comment.

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