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MortgagePoint ยป Your Trusted Source for Mortgage Banking and Servicing News 4 September 2024 M O V E R S & S H A K E R S Government OCC NAMES NEW CFO The Office of the Comptroller of the Currency (OCC) has announced the selection of Mark Thomas to be the agency's Principal Deputy Comptroller for Management and Chief Financial Officer. In this role, Thomas will oversee the agency's planning and execution of its annual operating budget. In addition to his financial duties, Thomas is respon- sible for the oversight of the agency's financial systems, internal and financial controls program, travel policy and oper- ations, and agency records management functions as well as the OCC's Office of Management's compliance and strategic planning functions. Thomas has more than 20 years of federal service in financial management operations and accounting, oversee- ing budgetary processes, government contracting and internal controls. Most recently, Thomas served in a senior role at the Federal Deposit Insurance Corporation (FDIC) where he performed acquisition management and adminis- tered financial quality assurance. Prior to his federal service, he spent nearly nine years in the private sector, in retail operations management. FHLBANK PITTSBURGH ANNOUNCES LEADERSHIP CHANGES The Federal Home Loan Bank of Pittsburgh (FHL- Bank) has an- nounced that David G. Paulson, current COO, will become President and CEO effective October 1, 2024. Winthrop Watson will become Executive Senior Advisor, and his previously an- nounced retirement date of December 31, 2024, remains unchanged. As a Bank leader since 2010, and COO since January 2020, Paulson has worked closely with Watson to advance FHLBank's mission. Paulson has been an effective leader and through his tenure has managed FHLBank's balance sheet, capital position, community investment impact, and talent pipeline. "Dave and I have worked closely through his 14 years of FHLBank service across increasing levels of responsibil- ities," Watson said. "The President and CEO transition has been going well, and I'm excited for the future of the coopera- tive under his leadership." Paulson has more than 30 years of financial services and banking experi- ence, primarily in treasury and capital markets. Prior to FHLBank Pittsburgh, Paulson was SVP at National City Corporation for almost a decade, and a portfolio manager at Integra Finan- cial and Equibank prior. Paulson has a B.S. in finance and an MBA, both from Duquesne University. He is involved in the community as a board member for the National Aviary, and as a member of the La Roche University Business Adviso- ry Committee. Watson was appointed by the Board of Directors of the FHLBank Pittsburgh as President and CEO, effective January 1, 2011. Previously, he was COO of FHL- Bank Pittsburgh, a position that he as- sumed in November 2009. Watson served as Managing Director at J.P. Morgan in Hong Kong from 2007-2009, after serving that company in various capacities in New York for 22 years. In Hong Kong, he served as Senior Client Executive for J.P. Morgan's Asia Pacific central banks and sovereign wealth funds, as head of its Asia Pacific debt capital markets, and as Chair of its Asia Pacific Investment Movers & Shakers Banking Business Evaluation Committee. Earlier, Watson was Managing Director of J.P. Morgan in New York, where he helped build the company's investment and commercial banking franchise for U.S. government-sponsored enterprises including the FHLBanks. His back- ground also includes several financial advisory assignments on behalf of the FHLBanks. Watson holds a B.A. from the University of Virginia and an MBA from Stanford University. FHLBank Pittsburgh provides reli- able funding and liquidity to its member financial institutions, which include commercial and savings banks, commu- nity development financial institutions, credit unions and insurance companies in Delaware, Pennsylvania, and West Virginia. FHLBank products and resourc- es help support community lending, housing, and economic development. As one of 11 Federal Home Loan Banks established by Congress, FHLBank has been an integral and reliable part of the financial system since 1932. Lenders/Servicers M&T TAPS FORMER FHA PRINCIPAL DEPUTY ASSISTANT SECRETARY AS HEAD OF AFFORDABLE HOUSING LENDING M&T Bank has announced that it has appointed Lopa Kolluri as Head of Affordable Housing Lending. In this new role, Kolluri is responsible for the development, oversight, and day-to-day management of the Affordable Housing vertical within M&T's Commercial Bank. Kolluri will execute M&T's affordable housing business strategy and establish opera- Paulson Watson