Issue link: http://dsnews.uberflip.com/i/1513140
December 2023 ยป thefivestar.com 17 December 2023 M O V E R S & S H A K E R S impacts of high frequency trading and al- gorithmic trading as a result of the Knight Capital market event of 2012. Thompson began his legal career with DTC as Associate Counsel in 1981 and was elected VP and Deputy General Counsel in 1991, SVP in 1993, General Counsel of DTC in 1999, and Managing Director and First Deputy General Coun- sel of DTCC in 2004. Previously, he was a Partner in the New York law firm of Lake, Bogan, Lenoir, Jones & Thompson. Thompson began his legal career at Davis Polk & Wardwell and previously served on the Board of Directors of New York Portfolio Clearing, a former joint venture derivatives clearinghouse owned by NYSE Euronext and DTCC. He is cur- rently on the Board of Directors of Led- gerX LLC, a digital currency futures and options exchange and clearinghouse. In addition, he also served as former Chair of the Securities Clearing Group and former Co-Chair of the Unified Clearing Group. The FHLBNY is a Congressional- ly-chartered, wholesale bank, and is part of the Federal Home Loan Bank System, a national wholesale banking network of 11 regional, stockholder-owned banks. As of September 30, 2023, the FHLBNY serves 334 financial institutions in New Jersey, New York, Puerto Rico, and the U.S. Virgin Islands, with a mission to provide members with reliable liquidity in support of housing and local community development. Lenders/Servicers JASON BIRNBAUM APPOINTED PRESIDENT OF FLAGSTAR'S PRIVATE BANK Flagstar Bank N.A., the bank subsidiary of New York Community Bancorp (NYCB), has announced the appointment of Jason Birnbaum to EVP and President of the Private Bank, effective immediately. In his new role, Birnbaum will be responsible for the day-to-day manage- ment and oversight of all private client banking teams. He joined Flagstar earlier this year from First Republic Bank after a 16-year tenure where he led a team of private bankers, catering to a wide variety of clients, including high-net worth individuals and their businesses. With more than 25 years' experience in private banking, he is a well-respected industry veteran with a proven track record in winning and growing businesses. Birnbaum succeeds Senior EVP and President of Commercial and Private Banking, Eric Howell, who will transition to a nonexecutive advisory role for the company. Flagstar's Senior EVP and President of Banking Reggie Davis will assume responsibility and oversight of the Private Banking Group, with Birnbaum report- ing directly to him. "The Private Banking Group is a core business at Flagstar, with talented and dedicated teammates, who deliver tremendous value to their clients, and that will not change," said Davis. "I look forward to working with Jason in devel- oping a best-in-class single-point-of-con- tact private client model with a one bank, one team client-focused approach." Late last year, NYCB completed its acquisition of Flagstar Bancorp, creating a regional banking franchise which is ranked among the top 25 banks in the country based on total assets. "I am thankful to Eric for his contribu- tion and commitment to helping clients and teammates succeed during his short time at Flagstar," added NYCB President and CEO Thomas R. Cangemi. "I look forward to his continued contributions as a valued advisor and everyone at the compa- ny wishes him continued success." Flagstar Bank operates 436 branches nationwide, including strong footholds in the Northeast and Midwest and exposure to high growth markets in the Southeast and West Coast. Flagstar Mortgage operates nationally through a wholesale network of approximately 3,000 third-party mortgage originators. In addition, the Bank has 134 private banking teams located in over 10 cities in the metropolitan New York City region and on the West Coast, which serve the needs of high-net worth individuals and their businesses. LOANDEPOT PROMOTES DAVID SMITH TO VP OF NATIONAL VA LENDING loanDepot Inc. (LDI) has announced that VA lending expert David Smith has been appointed to the new role of VP of National VA Lending. Smith, a former sergeant in the U.S. Army, will drive the company's national VA lending strategy and will lead loan- Depot's VA Council, a dedicated group of loanDepot originators who are often vet- erans themselves, specializing in serving fellow veteran and active-duty military personnel from a position of personal knowledge and trust. Smith will continue to advance loanDepot's extensive outreach to both the military community and industry professionals (both originators and Realtors) to help them better understand and utilize VA mortgage products. Over the last several years, Smith has trained more than 28,000 real estate agents and consumers on the nuances and benefits of the VA's powerful home loan program. "As a purpose-driven lender, loan- Depot is incredibly proud to make the dream of homeownership a reality for thousands of military families each year," LDI Mortgage President Jeff Walsh said. "We've developed a core strength in serv- ing this particular community and now, with David's expertise and leadership, we are poised to expand our positive impact." With a career spanning more than 20 years, Smith joined loanDepot in 2022 and has held mortgage, real estate, sales, and training roles with companies such as Prudential Real Estate, USAA, Wells Fargo, and Mutual of Omaha. "Serving my fellow veterans by helping them purchase their homes and build generational wealth is incredibly meaningful and personal for me," Smith said. "Unfortunately, too many veterans, as well as too many real estate profes- sionals, don't have the understanding they need to successfully utilize VA loans. Our mission is to inform and empower so that more of our country's