The Federal Home Loan Bank of Chicago has named investment banker Mike Thomas as its new president and chief executive officer.He replaces Mortgage Partnership Finance program founder Alex Pollock, who retired this past summer. For almost 21 years Mr. Thomas, 53, worked for First Chicago Corp., a money center bank. When he left First Chicago in 1994 he was chief financial officer. He joined investment banker Lazard Freres & Co. in 1995 as a managing director. (Early in his career, Fannie Mae chairman Franklin Raines also worked at Lazard.) Since 2001 Mr. Thomas has been a consultant. The Secura Group aided the FHLBank in its search. The MPF program competes directly against Fannie Mae and Freddie Mac.
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