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Bank Announces Officer Promotions

For immediate release
Contact: Rachel Brown, E-mail Media Relations Representative, 215-574-3840

Stephen G. HartStephen G. Hart

Philadelphia, PA — The Federal Reserve Bank of Philadelphia has announced the promotions of Stephen G. Hart to vice president in the Human Resources Department and Keith Morales to vice president and information security officer in the Information Technology Services Department.

Hart joined the Bank in 1985 as a marketing analyst and served in the Business Development Department for 16 years, becoming marketing manager and eventually the marketing officer. He was promoted to assistant vice president in 2001 in Business Planning and Analysis, and then he moved to the Human Resources Department in 2003. As vice president, Hart will continue to lead talent management; staffing and recruiting; diversity and inclusion initiatives; and Human Resources Information Systems, a function within Human Resources that involves data collection and warehousing employee information. In addition to his work at the Bank, Hart serves as president of the Pennsylvania/Delaware/New Jersey Distance Learning Association and is a member of the Society for Human Resource Management. Hart is also an adjunct professor at La Salle University.

Hart has a master’s degree in organizational dynamics from the University of Pennsylvania and a bachelor’s degree in business administration from La Salle University. He is also a graduate of the American Banking Association’s Stonier Graduate School of Banking.

Keith MoralesKeith Morales

Morales was promoted to information security officer in the Bank’s Information Technology Services Department in 2010. He oversees the Bank’s information technology and information security functions. Since joining the Bank in 1992, he has led projects that resolved business challenges and made significant contributions to the cybersecurity of the Bank and the Federal Reserve System.

Morales also serves as the cochair of the Federal Reserve System’s Information Security Officers Group. He has been recognized by the director of the Federal Bureau of Investigation (FBI) for “Exceptional Service in the Public Interest.” Morales is an alumnus of the FBI National Cyber Executive Institute and serves on the senior advisory board for the A.J. Drexel Cybersecurity Institute at Drexel University. Previously, he held a national leadership role in the FBI’s InfraGard program, which is designed to share information and intelligence to prevent hostile acts against the United States.

The Federal Reserve Bank of Philadelphia helps formulate and implement monetary policy, supervises banks and bank and savings and loan holding companies, and provides financial services to depository institutions and the federal government. It is 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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Media Contacts

Daneil Mazone E-mail
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(215) 574-7163
(267) 535-1808 (cell)

Joey Lee E-mail
Media Relations Representative
(215) 574-3840
(215) 983-6820 (cell)