Glen Hutchins, Terry Lundgren Join NY Fed Board

Glen Hutchins, the co-founder and co-CEO of investment firm Silver Lake, and Macy’s CEO Terry Lundgren have joined as Class B directors of the Federal Reserve Bank of New York. Hutchins also serves on the boards of SunGard Corp., the NASDAQ OMX Group and Mercury Payment Systems. Hutchins is taking over the remainder of Jeffrey Kindler’s term on the board, which expires at the end of 2012. Lundgren is taking over the remainder of Jeffrey Immelt’s term on the board, which expires this December.

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