Winthrop Watson was appointed by the Board of Directors as President and Chief
Executive Officer effective January 1, 2011. Previously, he was Chief Operating
Officer, a position that he assumed in November 2009. Prior to joining the Bank,
Mr. Watson worked at J.P. Morgan for 24 years in a variety of capital markets
and financial institution roles most recently as Managing Director in its Asia
Pacific investment banking business. Earlier, Mr. Watson led the building of
the company’s investment and commercial banking franchise for U.S. government-sponsored
enterprises. Mr. Watson serves as a director of the Office of Finance of the
Federal Home Loan Banks and the Pentegra Defined Benefit Plan. He is involved
in the community as a board member of the Pittsburgh Ballet Theater, the Neighborhood
Academy, Economics Pennsylvania and the Pennsylvania Economy League of Greater
Pittsburgh. Mr. Watson holds an MBA from Stanford University and a BA from the
University of Virginia.
Kristina K. Williams, Chief Operating Officer, joined the Bank in 2004 as Chief
Accounting Officer and has held a number of executive positions at the Bank.
As Chief Operating Officer, she has responsibility for all member-facing activities,
including member services, community investment, product delivery, communications
and information technology. Ms. Williams became Chief Financial Officer in 2006;
Executive Vice President, with additional responsibility for technology and
operating services and human resources, in 2010; and Chief Operating Officer
in 2011. Previously, Ms. Williams served as Chief Financial Officer of Wholesale
Banking for PNC Financial Services Group, where she also spent time in SEC and
regulatory reporting and served as Director of Accounting Policy. Previous experience
includes public accounting with PricewaterhouseCoopers and Deloitte & Touche.
Ms. Williams graduated from West Liberty University, received her master’s
in Professional Accountancy from West Virginia University and is a CPA. Ms.
Williams is also a member of the American Institute of Certified Public Accountants,
Pennsylvania Institute of Certified Public Accountants, and is the audit committee
Chairperson on the Board of Directors for the West Liberty University Foundation.
John P. Cassidy joined the Bank in 1999. In January 2012, Mr. Cassidy was promoted
to Chief Information Officer. He previously served as the Director of Information
Technology since 2005. As the Director of Information Technology, Mr. Cassidy
was responsible for the implementation and support of systems and technologies
that support the Banks business processes. Prior to joining the Bank, Mr. Cassidy
held various IT leadership positions at DuPont, GMAC Mortgage, and Electronic
Data Systems (EDS). In addition to a BS degree in Computer Science, Mr. Cassidy
has an MBA with a focus on Information Technology from the Katz Graduate School
of Business at the University of Pittsburgh.
David G. Paulson, Chief Financial Officer, joined the Bank in March 2010 as
Director, Mortgage Finance and Balance Sheet Management. Mr. Paulson became
the Managing Director of Capital Markets in 2012 and Chief Financial Officer
in 2013. Mr. Paulson came to the Bank from National City Corporation, where
he worked for 14 years in a number of capacities. Most recently, he served as
Senior Vice President, Interest Rate Risk and Chief Investment Portfolio Manager.
Prior to that, Mr. Paulson was a portfolio manager at Integra Financial Corporation.
He holds a BS in Finance and an MBA, both from Duquesne University.
Michael A. Rizzo joined the Bank in March 2010 and is the Bank’s Chief
Risk Officer. Mr. Rizzo served as the Chief Risk Officer of Residential Finance
Group, the U.S. residential mortgage lending unit of GMAC ResCap. In addition,
Mr. Rizzo served as Chief Credit Officer for Ally (GMAC) Bank mortgage operations.
Previous experience includes approximately 15 years in risk and portfolio management
roles with Provident Bank in Cincinnati, FleetBoston Financial Corporation and
BankBoston. During his seven years with the Office of the Comptroller of the
Currency (OCC), Mr. Rizzo was a commissioned national bank examiner and a CPA.
He holds a BS degree in Accounting from Bucknell University.
Dana Yealy joined the Bank in 1986, and has served as General Counsel since
August 1991. Mr. Yealy is responsible for the legal, government relations, corporate
secretary, and human resources functions of the Bank. Prior to joining the Bank,
he was an attorney with the Federal Home Loan Bank of Dallas. Mr. Yealy earned
his Bachelors degree in Economics from Westminster College, his Juris Doctorate
from Dickinson School of Law, and his LL.M in Banking Law from the Boston University
School of Law. Mr. Yealy is an active member of the Association of Corporate
Counsel, the American Society of Corporate Secretaries, and the Society of Corporate
Compliance and Ethics. Mr. Yealy is also a member of several committees of the
American, Pennsylvania, and Allegheny County Bar Associations. Mr. Yealy is
a Board member of the Pittsburgh Civic Light Opera.
Federal Home Loan Bank Of Pittsburgh currently has 213 employees.