Winthrop Watson will take over as president and chief executive of the Federal Home Loan Bank of Pittsburgh on Jan. 1, 2011, replacing John R. Price, who is retiring.
Watson is currently chief operating officer of the bank and his area of responsibility includes overseeing the Mortgage Partnership Finance Program.
He became COO in November 2009 with responsibility for the bank’s core business activities, which besides MPF includes advances, letters of credit, community investment, and safekeeping. He is also responsible for balance sheet management, information technology and strategic planning, as well as the Finance and Risk Management departments.
Prior to joining FHLB-Pittsburgh, Mr. Watson was a managing director at J.P. Morgan, serving the company in various capacities for 24 years, including several financial advisory assignments on behalf of FHLBanks.
