The Federal Home Loan Bank of Pittsburgh (FHLBank Pittsburgh) announced that Winthrop Watson will retire as president and CEO at the end of this year.
Watson has led FHLBank Pittsburgh since 2011, after joining the organization in 2009 as chief operating officer. Earlier in his career, he was a managing director at J.P. Morgan.
Watson also played a prominent within the FHLBank System. He twice served as chairman of the Bank President’s Conference, and for many years served as chairman of the Governance Committee of the Federal Home Loan Banks Office of Finance and chairman of the Pentegra Multi-Employer Defined Benefit Pension Plan.
David G. Paulson, currently the chief operating officer at FHLBank Pittsburgh, will succeed Watson as president and CEO on Dec. 31.
“We are sincerely grateful for Winthrop’s leadership,” said Brendan J. McGill, chair of the FHLBank’s board of directors and president and CEO of Harleysville Bank. “Winthrop has been a strong advocate for our members as well as our programs to support for affordable housing and economic development. He has built a legacy of service, reliability, innovation and trust.”
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