The jockeying to succeed Tim Geithner, Treasury secretary-designate, as head of the New York Fed is beginning as the bank’s board prepares to create a search committee to select a candidate for the $398,200-a-year job. Potential candidates being discussed in Wall Street circles include Kevin Warsh, a Fed board governor; William Dudley, executive vice-president of the New York Fed’s markets group; and Terrence Checki, head of the New York Fed’s emerging markets and international affairs group. John Dugan, comptroller of the currency, is also being mentioned, along with past Fed officials including Peter Fisher, now a senior executive at asset manager BlackRock, and Roger Ferguson, head of asset manager TIAA-CREF. After Geithner formally resigns from the New York Fed, the bank’s board – which includes prominent chief executives such as Jamie Dimon of JPMorgan, Jeff Immelt of General Electric and Indra Nooyi of PepsiCo – will set up a search committee to draw up a shortlist of candidates.

This entry was posted by Gwen Robinson on Wednesday, November 26th, 2008 at 5:48 and is filed under Capital markets, People. Tagged with New York Fed, Tim Geithner. Edit this entry.