Asian Americans have some of the highest professional credentials but are largely invisible in senior leadership positions within organizations – hence the term “Bamboo ceiling.” (For a history and context of the term see https://en.wikipedia.org/wiki/Bamboo_ceiling).
In Minnesota we see similar trends and so it is noteworthy that the bamboo ceiling at the Minneapolis Fed has been shattered with two leading positions being held by Asian Americans. Neel Kashkari, is President of the Minneapolis Federal Reserve Bank, and Dr. MayKao Hang is the chair of the Board of Directors.
What is also unique is that both of them also reflect the diversity within the Asian American community, Neel Kashkari is of Asian Indian origin and Dr. MayKao Hang is of Hmong origin.
Dr. MayKao Hang is the President and CEO of the Amherst H. Wilder Foundation. She has a BA degree in Psychology from Brown University, an MA degree in Social Policy and Distributive Justice from the Hubert H. Humphrey School of Public Affairs, and a Doctorate in Public Administration from Hamline University
Neel Kashkari took office as president and chief executive officer of the Federal Reserve Bank of Minneapolis on Jan. 1, 2016. Kashkari began his career as an aerospace engineer at TRW in Redondo Beach, California. Kashkari earned his bachelor’s and master’s degrees in mechanical engineering at the University of Illinois at Urbana-Champaign and his MBA from the Wharton School at the University of Pennsylvania. In 2008, he was confirmed as assistant secretary of the Treasury. In this role, he oversaw the Troubled Assets Relief Program (TARP) during the financial crisis.