Edward DeMarco, acting director of the ""Federal Housing Finance Agency"":http://www.fhfa.gov (FHFA), has announced the appointments of Richard B. Hornsby, as FHFA's COO and Jon Greenlee as the agency's deputy director of the division of enterprise regulation. Both will join FHFA on December 5.[IMAGE]
As FHFAÃ¢â‚¬â„¢s COO, Hornsby will be responsible for the strategic management of the agencyÃ¢â‚¬â„¢s operations and will oversee FHFAÃ¢â‚¬â„¢s administrative and support services, including budget and finance, human resources, and information technology.
Hornsby served at the Federal Reserve Bank of San Francisco for 26 years, holding a variety of senior level management and banking supervision positions. Most recently he was group VP and division head for the Reserve BankÃ¢â‚¬â„¢s financial planning and control and corporate administration divisions. In this position Hornsby oversaw many of the bankÃ¢â‚¬â„¢s support functions in nine states.
He also served as group VP-in-charge of the Reserve BankÃ¢â‚¬â„¢s Portland branch, directed the bankÃ¢â‚¬â„¢s business development and customer support functions, and was a key member of[COLUMN_BREAK]
the senior management team of the Federal ReserveÃ¢â‚¬â„¢s National Support Function Office, which provides electronic access to the FedÃ¢â‚¬â„¢s financial services clients.
In addition to his senior management positions, Hornsby was a supervising examiner for 10 years, having regulatory responsibility for bank holding companies, banks, and nonbank subsidiaries.
As FHFAÃ¢â‚¬â„¢s deputy director of the division of enterprise regulation, Greenlee will be responsible for overseeing the safety and soundness examinations of ""Fannie Mae"":http://www.fanniemae.com and ""Freddie Mac"":http://www.freddiemac.com.
Greenlee joins FHFA from KPMG LLP, where he was the managing director in the financial services regulatory advisory practice. In that role, he provided support to clients concerning the Dodd-Frank Act and Basel II and III.
Before joining KPMG, during a 21 year career with the Federal Reserve, Greenlee held senior positions in the division of banking supervision and regulation. Prior to joining the Board of Governors staff in 2001, he worked at the Federal Reserve Bank of San Francisco rising through the examiner ranks to the position of principal examiner.
Before joining the Federal Reserve, Greenlee was an associate national bank examiner with the Office of the Comptroller of the Currency.
Ã¢â‚¬Å“Having extensive large bank supervision and executive management experience, Messrs. Hornsby and Greenlee each bring outstanding backgrounds and skills to their new roles at FHFA,Ã¢â‚¬Â DeMarco said.
Ã¢â‚¬Å“Since the creation of FHFA and the establishment of the conservatorships, FHFA has grown, as have the demands for strong oversight and experienced management. These individuals bring expertise well matched to the tasks at hand,Ã¢â‚¬Â DeMarco added.