Former FHLB President to Head SIFMA Securitization Group

The Securities Industry and Financial Markets Association has appointed a former Federal Home Loan Bank president with extensive mortgage experience as the head of its securitization group. The new SIFMA appointee, Richard A. Dorfman, resigned Friday as president and chief executive officer of the Federal Home Loan Bank of Atlanta and was named to the SIFMA post on Monday. Jill Spencer, who has been the Federal Home Loan Bank of Atlanta's executive vice president and general counsel, was named interim president and chief executive officer following Dorfman's departure. Prior to joining the Federal Home Loan Bank of Atlanta in 2007, Dorfman was managing director and head of the U.S. agencies and mortgage business at ABN Amro. He also worked in Lehman Brothers' mortgage division as managing director and head of originations in its U.S. government and agencies business. In addition, he has been an attorney for the Federal Deposit Insurance Corp. and held positions at mortgage banking firms.