The Federal Reserve Bank of Cleveland has named Mekael Teshome, formerly an economist with The PNC Financial Services Group, as vice president and senior regional officer of its Pittsburgh branch.
As the Fed’s senior official in its Pittsburgh region — which includes western Pennsylvania, southeastern Ohio and the northern panhandle of West Virginia — Teshome will manage relationships with regional stakeholders, monitor the region’s economic environment and conduct economic research and analysis. He’ll also manage the bank’s Business Advisory Councils in Pittsburgh, Erie and Wheeling.
Teshome joined PNC in 2011 from Moody’s Analytics, where he was lead analyst of the Greek and Norwegian economies. At PNC, where he was an assistant vice president, he focused in part on the U.S. Midwest, including Northeast Ohio, providing local color to national economic developments.
He most recently spoke with Crain’s in December following the Fed’s most recent interest rate hike. “Mekael’s work analyzing and monitoring economic conditions across a variety of U.S. states and metro areas makes him well-qualified for the position of senior regional officer. His professional network and connections throughout the Pittsburgh area are also considerable assets,” said Guhan Venkatu, group vice president of the regional outreach and analysis unit in the bank’s research department, in a statement.
In his new role, Teshome succeeds Venkatu, who was promoted to his current position in July. Teshome is a founding board member of the Bethel Environmental and Agricultural University and Training Center, a member of the board of economic advisers of the North Carolina Chamber Foundation, and the vice president for programming of the Economic Club of Pittsburgh. He is also a member of the National Association for Business Economics and the Ethiopian Economics Association.