Chicago Fed’s Werkema to Lead Payments Overhaul

The Federal Reserve on Friday named Gordon Werkema as the system’s payments strategy director, responsible for leading the Fed’s efforts to move toward faster payments and improve the U.S. payments system. Werkema is currently first VP and COO of the Federal Reserve Bank of Chicago.

“With his extensive background in payments and his leadership of the Federal Reserve’s customer relationship management office for the past 15 years, Gordon was the clear choice to lead these payment system improvement efforts, which center on stakeholder collaboration,” said Esther George, president of the Federal Reserve Bank of Kansas City.