FHLB Bank of Des Moines names new president and CEO
BUSINESS RECORD STAFF Dec 20, 2019 | 3:31 pm
2 min read time
361 wordsAll Latest News, Banking and Finance, On the Move
The Federal Home Loan Bank of Des Moines announced this morning that its board of directors has named Kristina Williams as president and chief executive officer, effective Jan. 20. Williams is currently the chief operating officer at the Federal Home Loan Bank of Pittsburgh, a position she has held since 2011. She will succeed Mike Wilson, FHLB Des Moines’ current president and CEO, who will serve as an adviser to Williams during a transition period until his retirement on Feb. 7.
“Ms. Williams’ experience in the financial services industry, including her 15-year career at FHLB Pittsburgh, make her well-suited to lead the Federal Home Loan Bank of Des Moines,” said Ellen Lamale, vice chair of FHLB Des Moines board of directors. “After an extensive CEO search, the FHLB Des Moines board of directors agreed that Ms. Williams is the right leader to position FHLB Des Moines for the future. We are confident that her leadership will help FHLB Des Moines deliver an exceptional experience for our nearly 1,350 member financial institutions.”
Williams joined FHLB Pittsburgh in 2004 as the chief accounting officer and has held a number of executive positions since that time. Before joining FHLB Pittsburgh, she was chief financial officer of wholesale banking for PNC Financial Services Group, where she also spent time in SEC and regulatory reporting and was director of accounting policy.
Wilson has been the FHLB Des Moines president and CEO since April 2016. His 28-year career in the Federal Home Loan Bank System began at the Federal Housing Finance Board in Washington, D.C. He later held positions at FHLB Boston and FHLB Des Moines before leading FHLB Seattle through its merger with FHLB Des Moines in 2015.
“The FHLB Des Moines board and management team are grateful for Mike’s leadership and appreciate his commitment to the Federal Home Loan Bank System for nearly three decades,” Lamale said. “Mike was instrumental in navigating the first-ever voluntary merger between two Federal Home Loan Banks, has been an advocate for building stronger communities throughout our district and has championed the FHLB Des Moines diversity and inclusion journey. We are excited for him as he begins his new retirement chapter.”
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