Kristina Williams was named president and CEO for the Federal Home Loan Bank of Des Moines. The previous President and CEO Mike Wilson will be an advisor to Williams before his retirement on Feb. 7.
“Joining the Federal Home Loan Bank of Des Moines is an opportunity that I look forward to,” Williams said. “FHLB Des Moines has an extensive footprint, serving the most members across the largest geographical area of any Federal Home Loan Bank.”
Williams was previously the chief operating officer at the Federal Home Loan Bank of Pittsburgh since 2011, in which she was responsible for member-facing departments, including community investment, communications, product delivery, member services and information technology.
“I am excited to work with the board of directors, management and employees to not only ensure FHLB Des Moines is financially and operationally sound but adds value for members from Juneau, Alaska to the Bootheel of Missouri and many cities and communities in between,” Williams said.
Before joining FHLB Pittsburgh in 2004 as the chief accounting officer, Williams was the CFO of wholesale banking for PNC Financial Services Group, Pittsburgh, Penn., where she also spent time in the SEC and regulatory reporting and was a director of accounting policy.
“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, FHLB Des Moines board of directors. “After an extensive CEO search, the FHLB Des Moines board of directors agreed that 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.”
Wilson, William’s predecessor, was the CEO and president at FHLB Des Moines since 2016. He has been with the FHLB system for 28 years, starting in Washington D.C., and later had positions in Boston before leading FHLB Seattle through a merger with Des Moines in 2015.
“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,” Lamale said. “We are excited for him as he begins his new retirement chapter.”