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News Releases |
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News ReleaseJune 1, 2009Senior Management Changes at the Federal Home Loan Bank of San Francisco David Martens, Senior Vice President, Enterprise Risk Management, has been appointed Director of Internal Audit by the Bank’s Board of Directors. The Board has also appointed Robert (Rob) Shovlowsky as Senior Vice President, Credit and Collateral Risk Management. Mr. Martens will continue to oversee enterprise risk management of the Bank and will now direct the Bank’s internal audit function. He began his career at the Bank as Director of Internal Audit in 1996 and was promoted to Senior Vice President, Credit and Collateral Risk Management, in 1998, adding responsibility for enterprise risk management in 2004. Prior to joining the Bank in 1996, Mr. Martens served as Chief Accountant for the Office of Thrift Supervision and as a Supervisory Agent for the Federal Home Loan Bank System. He also worked for Ernst & Young as an Audit Manager. Mr. Martens earned an M.S. in Finance at George Washington University and a B.S. in Accounting at Miami University. He is licensed as a Certified Public Accountant and a Certified Financial Planner and is a Certified Financial Services Auditor. Mr. Shovlowsky will oversee the credit and collateral risk management function of the Bank. Before joining the Bank in May 2009, he was a Senior Bank Examiner at the Federal Housing Finance Agency, where his primary responsibilities included the oversight of examination teams and the production of annual examination reports at some of the 12 Federal Home Loan Banks. Previously, he served for 19 years with the Federal Deposit Insurance Corporation, where he rose to the level of Assistant Regional Director in the San Francisco regional office and assumed both bank regulation and regional administrative duties. His examination and regulatory supervision history covers commercial banks and thrifts in Southern California, Arizona, and Nevada. Mr. Shovlowsky is a graduate of the Graduate School of Banking at the University of Wisconsin—Madison and he received a B.S. in Business Administration from California State University at Chico. About the Federal Home Loan Bank of San Francisco The Federal Home Loan Bank of San Francisco delivers low-cost funding and other services that help member financial institutions make home mortgages to people of all income levels and provide credit that supports neighborhoods and communities. The Bank also funds community investment programs that help members create affordable housing and promote community economic development. The Bank’s members—its shareholders and customers—are commercial banks, credit unions, savings institutions, thrift and loans, and insurance companies headquartered in Arizona, California, and Nevada. The Federal Home Loan Bank of San Francisco is one of 12 regional banks in the FHLBank System. Contact: Lucia Marquès, (415) 616-2786 marquesl@fhlbsf.com |
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