FHLB announces five new directors for the office of finance board

By Devika Patel

Knoxville, Tenn., July 13 - Federal Home Loan Banks announced in a press release that it has appointed H. Ronald Weissman, J. Michael Davis, Kathleen Crum McKinney, Walter H. Morris, Jr. and Jonathan A. Scott to be independent directors on the office of finance board of directors.

Additionally, Weissman was appointed chair and Terry Smith, the chief executive officer and president of the Federal Home Loan Bank of Dallas, was appointed vice-chair of the board of directors.

Weissman has worked in public accounting for the past four decades, becoming partner at Arthur Andersen in 1981. In 2002, he became a senior partner at Ernst & Young and assumed significant corporate and client responsibilities.

He was global managing partner for several of the firm's most significant financial services clients until his recent retirement. Weissman is also chair of the Audit Committee on the board of Encore Capital Group, Inc.

Davis has 40 years of experience within the financial services industry. He was on the board of the Federal Home Loan Bank of Topeka, including as a member of the Audit Committee. Davis held senior executive positions with several farm credit institutions within the Farm Credit System. He also has nonprofit board of director experience as chair and treasurer.

McKinney has more than 32 years experience as bond counsel in the public finance and economic development sectors. She has been president of the National Association of Bond Lawyers since 2009 and is a recognized speaker on public finance. She also was chair of the Furman University Board of Trustees.

Morris has more than 30 years of financial services experience, retiring recently from Ernst & Young after a 14-year career working in real estate advisory services, structured finance and fraud/dispute services. In addition, Morris has 20 years experience in commercial and mortgage banking, including international and capital markets functions. He also has nonprofit board of director experience.

Scott has been an associate professor of finance at Temple University's Fox School of Business and Management since 1991. He also has six years experience in academic administration at Temple University and managed initiatives related to information technology, program cost analysis and performance metrics.

Prior to joining the university, Scott was an executive for seven years at the Federal Home Loan Bank of Dallas including working as the chief financial officer. Scott holds a doctorate in economics from Purdue University.

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