Nasdaq’s Friedman Elected to New York Federal Reserve Board

Nasdaq’s president and chief executive officer has been chosen to sit on the board of directors at the Federal Reserve Bank of New York. Adena Friedman was elected as a Class B director representing Group 2, which consists of banks with capital and surplus between $40 million and $2 billion, the Federal Reserve Bank said in a statement. She replaces David Cote who stepped down from his position on the board of directors in March this year and will fill the unexpired portion of Cote’s term which ends in December 2019.