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Philadelphia Fed Announces Three Promotions

For immediate release
Contact: Katherine Dibling, 215-574-4119

PHILADEPHIA, Pa. – Federal Reserve Bank of Philadelphia has promoted Supervision and Regulation Information Technology Officer Frank Doto and Enterprise Risk Management Officer Spyro Karetsos to assistant vice presidents, and Treasury Check Information System Project Manager Gregory Fanelli to Treasury payments officer in the Bank’s Retail Payments Department.

Doto is responsible for the Bank’s information technology within its Supervision, Regulation, and Credit Department. He started his career at the Bank in 1991 and has held positions in bank examination, banking studies, and enforcement. Doto has a bachelor’s degree in economics from Rutgers University and an MBA in finance from West Chester University.

Before joining the Bank in 2004, Karetsos served in various capacities, ranging from an internal consultant to the financial service business lines to manager of the credit risk management department of the Federal Reserve Bank of New York. Most recently, he participated in the design and implementation of the New York Fed’s operational management program. At the Philadelphia Federal Reserve, Karetsos leads the Bank’s enterprise risk management program, which includes business continuity, strategic planning, project management, and risk management. He is also the Bank’s business continuity officer, responsible for contingency planning and crisis management.

He has a bachelor’s degree in policy studies from Dickinson College and an MBA in finance from Pace University.

Fanelli is responsible for major automation projects. He manages project planning and administration, as well as the operation of the central business applications related to Treasury payments. He has been with the Bank since 1995 and before that he served as a data communication/networking specialist at Unisys Corp. Fanelli has a bachelor’s degree in computer science from Drexel University.

The Federal Reserve Bank of Philadelphia helps formulate and implement monetary policy, supervises banks and bank holding companies, and provides financial services to depository institutions and the federal government. One of the 12 regional Reserve Banks that, together with the Board of Governors in Washington, D.C., make up the Federal Reserve System, the Philadelphia Federal Reserve Bank serves eastern Pennsylvania, southern New Jersey, and Delaware.

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