Los Angeles Board of Directors Overseeing Branch Operations
In the financial landscape of 2024, several notable changes have occurred in the leadership of key institutions.
Chang Liu, President and CEO of Cathay Bank and Cathay General Bancorp, both based in Los Angeles, California, continues to lead his institutions. Meanwhile, in San Francisco, the Board of Directors has appointed Jim Beagle as Chair.
Across the country in Scottsdale, Arizona, Michael D. Jones holds the position of President and CEO at Delta Dental of Arizona.
Looking at the Federal Reserve System, Michelle Bowman assumed the role of Vice Chair of the Federal Reserve Board of Governors on June 9, 2025, following an appointment by President Trump. The President has also indicated plans to nominate Stephen Miran, chair of the White House Council of Economic Advisers, to the board to fill a vacancy created by Adriana Kugler’s early departure announced in August 2025. Jerome Powell remains Chair of the Federal Reserve Board, with his term as chair running until May 15, 2026.
As for the San Francisco Federal Reserve Bank Board of Directors, specific newly appointed leaders for December 2024 are not detailed in the search results. The Board of Directors typically includes presidents, CEOs, or senior officers of member banks and key regional representatives chosen for expertise and familiarity with the district, serving one-year terms subject to reappointment.
In a significant shift, Rosemary Vassiliadis, Director of Aviation at Harry Reid International Airport in Las Vegas, Nevada, will serve as the Chair of the Board of the Federal Reserve System starting from January 1, 2025. Jim Beagle, the CEO and Co-Owner of Grapery, Inc. in Shafter, California, will take over as Chair from January 1, 2027. Carlos Gonzalez, from Irvine, California, will serve as Chair starting from January 1, 2026, following an appointment by the Board of Governors of the Federal Reserve System.
In Los Angeles, Selena Cuffe has been appointed as the Chief Growth Officer at Blackstone Consulting, Inc., and Maria F. Hollandsworth continues her role as President and COO at El Pollo Loco, both based in Costa Mesa, California.
These appointments, taking effect from January 1, 2025, 2026, and 2027, mark a new era of leadership in the financial sector of the United States.
Business leaders in various institutions have experienced significant changes in their roles. In the upcoming years, Chang Liu's career in finance will continue, while Jim Beagle is appointed as a key business leader in San Francisco. Furthermore, the financial sector of the United States is set to undergo a new era with new appointees such as Rosemary Vassiliadis, Michael D. Jones, Carlos Gonzalez, and Selena Cuffe taking on key positions in various institutions.
