Philadelphia Fed Appoints New Members to Economic and Community Advisory Council
Philadelphia, PA
The Federal Reserve Bank of Philadelphia has appointed Edward Lada Jr., president and chief executive officer of Goodwill Keystone and Goodwill Keystone Area Foundation, to its Economic and Community Advisory Council (ECAC).
The Federal Reserve Bank of Philadelphia today announced the appointment of Edward Lada Jr., president and chief executive officer of Goodwill Keystone and Goodwill Keystone Area Foundation, and Juan Lopez, executive vice president, chief financial officer, and treasurer of Independence Health Group, to its Economic and Community Advisory Council (ECAC).
Created in 2008, the ECAC is composed of leaders representing businesses, nonprofit organizations, philanthropic organizations, academic institutions, the public sector, and organized labor. The ECAC informs the Philadelphia Fed's senior leadership team about emerging trends, issues, and market conditions in the Third Federal Reserve District. The ECAC also encourages inclusive regional economic growth through partnerships with organizations from the private and public sectors.
In 2021, Lada joined Goodwill Keystone and Goodwill Keystone Area Foundation, overseeing the organization's commitment to sustainability and leveraging AI to help people across 22 Pennsylvania counties build skills, find jobs, and grow their careers. Lada launched the first Goodwill-led AI literacy program and led the creation of the WOW program, formerly known as Women of Wealth, which equips individuals with entrepreneurial and AI knowledge to build generational stability.
Lopez is responsible for all financial functions for Independence Blue Cross (IBX) and other Independence Health Group subsidiaries. He joined the organization in 2010 and has since held a number of finance roles, including senior vice president of Finance Shared Services, head of Investments and Treasury Services, and corporate controller. Lopez has more than 30 years of experience in finance, accounting, and audit in the health care, financial services, and banking industries, including a 13-year career at CIGNA Corporation.
About the Federal Reserve Bank of Philadelphia
The Federal Reserve Bank of Philadelphia helps formulate and implement monetary policy; supervises state member banks, bank holding companies, and savings and loan holding companies; and provides financial services to depository institutions and the federal government. It is one of the 12 regional Reserve Banks that, together with the Board of Governors in Washington, D.C., make up the Federal Reserve System. The Federal Reserve Bank of Philadelphia serves eastern and central Pennsylvania, southern New Jersey, and Delaware.