ATLANTA, Feb. 1 /PRNewswire/ -- The Federal Home Loan Bank of Atlanta
(FHLBank Atlanta) today announced Ernest (Lee) Puschaver will become the
Bank's new Chief Financial Officer, as part of a series of actions aimed at
further strengthening the Bank's risk management and customer service
capabilities, and preparing the Bank for Securities and Exchange Commission
registration.
Puschaver will oversee the Financial Risk Measurement and Modeling,
Accounting Services, Risk Assessment and Control, and Derivatives and
Investment Operations departments. Prior to joining the Bank, Puschaver was
director of finance and chief accounting officer for FleetBoston Financial
Corporation from 2000 to 2004. Before then, he had been with
PricewaterhouseCoopers for 28 years, specializing in the financial services
industry.
In addition, W. Wesley McMullan, formerly senior vice president of Member
Sales and Trading, has been promoted to executive vice president and director
of the Financial Management Division. And Praveen Jha has joined the Bank as
senior vice president and director of Member Sales and Trading, reporting to
McMullan.
As executive vice president and director of financial management, McMullan
will direct the Bank's Customer Operations and Systems, Member Sales and
Trading, Asset and Liability Management, and Mortgage Purchase Programs.
McMullan and Puschaver will report directly to FHLBank Atlanta President and
CEO Raymond Christman.
Prior to joining the Bank as director of Member Sales and Trading, Jha
most recently served as managing director and head of Agency and Supra
Derivative Marketing for North America with ABN Amro Bank.
"Taken as a whole, these changes reinforce the Bank's ongoing commitment
toward providing innovative and valuable funding products while carefully
managing risk," Christman said. "We are excited about the opportunity to
attract outstanding professionals as well as promote internally, creating a
superior management team. In particular, Lee Puschaver provides the Bank with
significant experience in accounting, internal controls, and compliance
matters."
"Wes McMullan understands funding issues our members face and, as director
of Financial Management, he will play a central role in developing solutions
that address their needs," Christman said. "Also, we are fortunate to hire
someone with Praveen Jha's product development and sales expertise to assume
Wes McMullan's former responsibilities."
These announcements follow the retirement in November 2004 of former chief
financial officer, Gary Glass, who served for 30 years in a variety of roles
in the Financial Management division, including the last 11 as CFO. Mr. Glass
had management responsibilities for all the functions now to be divided
between Puschaver and McMullan.
About FHLBank Atlanta
FHLBank Atlanta is a $129 billion financial services organization that
provides financing, community development grants, and other banking services
to almost 1,200 financial institutions in Alabama, Florida, Georgia, Maryland,
North Carolina, South Carolina, Virginia, and the District of Columbia.
FHLBank Atlanta is one of 12 district banks in the Federal Home Loan Bank
System, which since 1990 has contributed more than $1.7 billion to affordable
housing development in the United States.
SOURCE Federal Home Loan Bank of Atlanta
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Related links:
http://www.fhlbatl.com
Company News On-Call:
http://www.prnewswire.com/comp/149931.html
CONTACT:
Christopher McEntee of Federal Home Loan Bank
of Atlanta, +1-404-888-8158, or cmcentee@fhlbatl.com
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