Randal K. Quarles took office as a member of the Board of Governors of the Federal Reserve System in October 2017, and was appointed Vice Chair for Supervision at the same time. He became Chair of the FSB in December 2018.
Mr Quarles received an A.B. in philosophy and economics, summa cum laude, from Columbia in 1981 and a law degree from the Yale Law School in 1984.
Prior to his appointment to the Federal Reserve Board, Mr Quarles founded and was managing director of the Cynosure Group and a partner at The Carlyle Group. Mr Quarles served as Under Secretary for Domestic Finance at the US Treasury and as Assistant Secretary for International Affairs.
Prior to, and in between, his service at the Department of the Treasury, Mr. Quarles was a partner at Davis Polk & Wardwell in their New York and London offices. He also served as the US Executive Director of the International Monetary Fund.