Alex J. Pollock, president and chief executive officer of the Federal Home Loan Bank of Chicago, has been named to the board of directors of Allied Capital, Washington.Allied Capital noted that Mr. Pollock is the architect of the Chicago FHLBank's Mortgage Partnership Finance Program. Although he and another newly appointed independent director, consultant Ann Torre Grant, will serve on the board effective immediately, they must stand for election in May at Allied Capital's annual stockholders' meeting. Allied Capital is a business development company, and it invests in non-investment-grade commercial mortgage-backed securities. It can be found online at http://www.alliedcapital.com.
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