The Federal Reserve has named Todd Aadland—who had been a senior vice president at the Federal Reserve Bank Of Chicago—as its new payments security strategy leader. Aadland will also chair the Secure Payments Task Force.
In Chicago, Aadland had specifically served as senior vice president and chief information officer of the Chicago Fed's Customer Relations and Support Office (CRSO). In that role, the Fed said, Aadland was "responsible for ensuring financial institutions have access to the Federal Reserve Banks’ financial services, including critical payment services, via the FedLine access solutions."
According to his official Fed bio and his LinkedIn profile, Aadland joined the Chicago Fed right after getting his BS Finance degree from the University of Northern Iowa back in 1995. He later earned a master of science degree in e-commerce technology from DePaul University and a master of business administration degree in business strategy and technology operations from Northwestern University.
After holding several different roles in the Chicago Fed, he joined the CRSO in 2001. He is also Certified Information Systems Security Professional and was commissioned by the Board of Governors as a bank examiner.
"Todd's combination of business experience and technical expertise is exactly what is needed to partner with the industry on improved payments security," Gordon Werkema, the Federal Reserve's payments strategy director to whom Aadland will report, said in a press release. "Equally important, he has a collaborative leadership style that will be key to advancing on some very tough industry challenges."