Sushil Tuli (courtesy photo)
Leader Bank Chairman and CEO Sushil Tuli has been elected to the Federal Reserve Bank of Boston’s board of directors effective Jan. 1, the Boston Fed said in a statement yesterday.
Tuli joins Jeanne Hulit, president and CEO of Maine Community Bank, and Citizens Bank Chairman and CEO Bruce Van Saun as the board’s three Class A directors representing member banks. Tuli replaced Chandler Howard, former president and CEO of Connecticut-based Liberty Bank.
Member banks of the Boston Fed elect the Class A directors as well as Class B directors, who represent the public. Class C directors represent the public particularly in the interests of agriculture, commerce, industry, services, labor and consumers. The Federal Reserve Board of Governors elects Class C directors.
Class C directors Christina Hull Paxson, president of Brown University, and Corey Thomas, chair and chief executive officer of Rapid7, were reappointed as the board’s chair and deputy chair.
Tuli founded Arlington-based Leader Bank in 2002, and the bank now has $2.7 billion in assets. He is on the board of directors for the Massachusetts Growth Capital Corporation and the Greater Boston Chamber of Commerce. He is also on the Board of Trustees for the Dana-Farber Cancer Institute.
The Boston Fed also appointed Ronald O’Hanley, State Street Corp.’s president and CEO, as its member on the Federal Reserve System’s Federal Advisory Council. O’Hanley replaces Webster Bank Chairman and CEO John Ciulla.
