Financial Services Leadership Team

Federal Reserve Financial Services (FRFS) provides payment services to financial institutions across the country including FedLine® Solutions, Fedwire® Funds, Fedwire Securities, National Settlement, FedCash®, FedACH® and Check Services. The FRFS leadership team is responsible for this integrated set of Federal Reserve payment services and ensuring the Fed continues to drive payment innovation and provide a robust and unified customer experience across our financial service offerings.

Mark Gould

Mark Gould

Chief Payments Officer

Mark serves as the Federal Reserve Financial Services’ chief payments executive. He is responsible for the Federal Reserve’s full portfolio of cash, retail and wholesale payment services across the United States.

Mark's career began in the Retail Payments Division of the Federal Reserve Bank of San Francisco. From February 2014 to 2021, he served as the chief operating officer and first vice president of the San Francisco Fed. From this position, he led the Federal Reserve System’s Cash Product Office, which oversees the processing, quality, and distribution of U.S. currency domestically and internationally. Mark began his role as FRFS chief payments executive in March 2021. During his career, Mark has provided executive leadership to a range of Bank functions at the intersection of payments, technology, strategy and operations.

Shonda Clay

Shonda Clay

Chief of Product and Relationship Management

Shonda leads the team responsible for customer experience, FRFS product strategy management, and customer and industry engagement across FRFS to include the FedNowSM Service payment system.

Her Fed career began at the Federal Reserve Bank of Dallas as a management intern and pivoted to the Federal Reserve Bank of Chicago to join the then forming national customer relations and support area. Throughout her career, Shonda has brought a customer-focused approach to leadership responsibilities in FRFS customer and industry relations, marketing and the FedLine® network.

Mark Gould

Tracy Harrington

Chief Information Officer (CIO)

Tracy leads the team responsible for the FRFS technology strategy and execution. She drives the planning, design, implementation and delivery of critical payment access solutions and applications, with an emphasis on digital transformation and innovation.

She began her career with the Federal Reserve Bank of Chicago. Her tenure with the Federal Reserve has encompassed multiple areas of management responsibility within bank supervision, application development, program management, operations, security, business continuity and risk management.

Blake Lyons

Blake Lyons

Chief People Officer

Blake leads the FRFS people function in unifying and framing the organization’s strong, collaborative and people-focused culture and identity.

He began his Fed career with the Federal Reserve Bank of Atlanta. Since then, he has held leadership roles in cash services, facilities and event management, as well as human resources. Blake has spent the past several years of his career in payments services responsible for strategic planning, portfolio management, and people and culture.

Roger Replogle

Roger Replogle

Chief of FedCash Services

Roger leads the team responsible for national guidance to our 28 Federal Reserve Bank cash offices, including national currency and coin management and continued execution on the program to modernize existing cash processing machines and sensors for the future of cash and coin processing.

He began his career with the Los Angeles Branch of the Federal Reserve Bank of San Francisco. In his career with the Bank, he has held a variety of management roles in the financial services, retail payments, administrative and cash functions.

Kim Robbins

Kim Robbins

Chief of Enterprise Services

Kim leads the team responsible for the functions necessary in supporting the FRFS business, including strategic planning, risk, and compliance, which in turn drive finance and investment priorities.

She began her career at the Omaha Branch of the Federal Reserve Bank of Kansas City. Most recently, Kim was the chief administrative officer (CAO) of the FedNow Service. Throughout her career, Kim has held leadership roles in the payment strategies cash services, customer support, human resources, and information technology areas.

Cheryl Venable

Cheryl Venable

Chief of Payments Operations

Cheryl leads the team responsible for payments operations and customer support, including FedACH, Check, Fedwire Funds, Fedwire Securities, and the National Settlement Service. Once the FedNow Service is launched, instant payments operations will be included in her area of responsibility.

She has spent her entire career with the Fed since joining the Federal Reserve Bank of St. Louis as a management trainee. Since then, has held responsibilities for FedACH operations and automation, as well as senior leadership for the Check and FedACH Services business and product strategy, information technology, operations and customer support.

Marg Riley

Marg Riley

Chief of Staff

Marg is a senior advisor to Mark Gould and leads the Office of the Chief Payments Executive. She is responsible for leading governance and executive communications. She is also a liaison on Federal Reserve System Payments Research.

Marg began her Fed career with the Federal Reserve Bank of San Francisco and has held leadership responsibilities for financial institution supervision and, most recently, in the Federal Reserve System’s national cash services.

Lonnie Dafney

Lonnie Dafney

Head of Diversity, Equity and Inclusion (DE&I)

Lonnie leads the design, implementation, and execution of DE&I practices supporting the Federal Reserve Financial Services strategic goals to create an environment where DE&I is embedded in all aspects of our culture and business.

New to the Federal Reserve, Lonnie brings to FRFS more than 30 years of experience in strategic human resources with a focus on DE&I to improve workforce planning, performance, efficiency, and employee engagement in large organizations.

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