CHICAGO - (October 11, 2019) The Federal Reserve Bank of Chicago announced that Alessandro Cocco will join the economic research department on October 21 as vice president of the financial markets group. Cocco will report to senior vice president Sam Schulhofer-Wohl.

As head of the financial markets group, Cocco will lead a multidisciplinary team that analyzes public policy issues in global financial markets. The group’s research on financial market institutions, technology and infrastructure helps inform and foster stable and efficient national monetary, financial and payments systems. Cocco will play a key role in communicating the team’s findings to senior Federal Reserve officials, other regulators, industry leaders and the general public.

Cocco brings 25 years of legal, financial services and leadership experience to this position. Most recently, he served as managing director and associate general counsel at J.P. Morgan Chase, where he managed a wide range of efforts related to financial services regulation, futures, swaps, clearing, financial technology, and compliance. As global co-head of the legal team for J.P. Morgan’s investor services business, he led a group of more than 65 attorneys. He is qualified to practice law in the U.S., U.K. and Italy, and has wide-ranging international experience in financial markets and regulation in the U.S., Europe and Asia.

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Federal Reserve Bank of Chicago Background

The Federal Reserve Bank of Chicago is one of 12 regional Reserve Banks that, along with the Board of Governors in Washington, D.C., make up the nation’s central bank. The Chicago Reserve Bank serves the seventh Federal Reserve District, which encompasses the northern portions of Illinois and Indiana, southern Wisconsin, the Lower Peninsula of Michigan, and the state of Iowa. In addition to participation in the formulation of monetary policy, each Reserve Bank supervises member banks and bank holding companies, provides financial services to depository institutions and the U.S. government, and monitors economic conditions in its District.