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Photo of Federal Reserve Bank of Richmond building

May 7, 2021

Richmond Fed Announces Officer Appointments

The Federal Reserve Bank of Richmond announces the following appointments, effective May 1:

Niranjan Mowli has been promoted to group vice president in the Currency Technology Office, with responsibility for the Federal Reserve’s NextGen program, the next generation of U.S. currency processing.

Mowli joined the Richmond Fed in 2010 and has been responsible for application development solutions for multiple business lines. He was named as a CTO vice president in 2017.

Mowli earned a bachelor’s degree in mathematics and a master’s degree in computer applications from the University of Madras in India.

Jonathan Martin has been promoted to vice president of the CTO, with responsibility for strategy, planning and execution of NextGen training and deployment.

Martin joined the Richmond Fed in 1990 and was appointed an assistant vice president in 2004, serving in multiple roles in Cash Services and the CTO. He earned a bachelor’s degree in English and journalism from Elon University.


As part of our nation’s central bank, the Richmond Fed is one of 12 regional Reserve Banks working together with the Board of Governors to support a healthy economy and deliver on our mission to foster economic stability and strength. We connect with community and business leaders across the Fifth Federal Reserve District — including the Carolinas, District of Columbia, Maryland, Virginia, and most of West Virginia — to monitor economic conditions, address issues facing our communities, and share this information with monetary and financial policymakers. We also work with banks to ensure they are operating safely and soundly, supply financial institutions with currency that’s fit for distribution, and provide a safe and efficient way to transfer funds through our nation’s payments system.

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