Thomas M. Hoenig was confirmed by the Senate as Vice Chairman of the Federal Deposit Insurance Corporation on Nov. 15, 2012. He joined the FDIC on April 16, 2012, as a member of the FDIC Board of Directors for a six-year term. He is a member of the executive board of the International Association of Deposit Insurers.
Prior to serving on the FDIC board, Mr. Hoenig was the President of the Federal Reserve Bank of Kansas City and a member of the Federal Reserve System’s Federal Open Market Committee from 1991 to 2011.
Mr. Hoenig was with the Federal Reserve for 38 years, beginning as an economist and then as a senior officer in banking supervision during the U.S. banking crisis of the 1980s. In 1986, he led the Kansas City Federal Reserve Bank’s Division of Bank Supervision and Structure, directing the oversight of more than 1,000 banks and bank holding companies with assets ranging from less than $100 million to $20 billion. He became President of the Kansas City Federal Reserve Bank on October 1, 1991.
Mr. Hoenig is a native of Fort Madison, Iowa. He received an M.S. in 1972 and doctorate in 1974, both in economics, from Iowa State University. He was featured in the ISU Alumni Association’sVisions Across America project.
Suku Radia is CEO and President of Bankers Trust, a position which he assumed in March 2008. Bankers Trust is Iowa’s largest independent community bank with consolidated assets exceeding $3.4 billion. Prior to joining Bankers Trust, Suku served as Chief Financial Officer of Meredith Corporation for eight years. Meredith is a NYSE company and is the nation’s leading diversified media company.
Radia was Managing Partner of KPMG in Des Moines from 1993 to 2000. During his 25-year tenure at KPMG, Radia counseled senior management of several national and international entities on a number of financial issues.
He earned a Bachelor’s of Science Degree, with Distinction, from Iowa State University in 1974 and became a Certified Public Accountant in 1975, when he joined KPMG. He has been active in a number of professional, economic development, educational, and charitable organizations.
Highlights of his community involvement include: Tournament Chair- 2017 Solheim Cup, Vice Chair and Executive Committee member – Board of United Way of Central Iowa, 2009 Campaign Chair – United Way of Central Iowa, Executive Committee – Community Foundation of Greater Des Moines, Executive Committee – Drake University, Board Chair – Mercy Medical Center, Member – Iowa State University Foundation Board of Governors, Member-Iowa State University Accounting Advisory Council, Director-Greater Des Moines Botanical Garden, Past Chair-Bravo (arts and cultural alliance for Central Iowa), Past President – Rotary Clubs of Des Moines and West Des Moines, Past Chair – Greater Des Moines Partnership, Past Chair – Greater Des Moines Committee, Past President – Greater Des Moines Junior Soccer League, Executive Committee – Des Moines Art Center, Past Chair – Better Business Bureau of Iowa, Leadership Chair – Oakridge Neighborhood Campaign, Past Board Member – Des Moines Golf & Country Club, and at least another dozen civic organizations.
Additionally, Radia is the past recipient of Iowa State University’s Alumni Merit Award (2012), Des Moines University’s Glanton Scholarship Award (2011), Iowa State University’s Citation of Achievement Award (1995), United Way’s Tocqueville Society Award (2005), Mr. Habitat for Humanity (2006), American Diabetes Association Honoree (2008), Iowa Council for International Understanding-Passport to Prosperity Award (2009) and Spirit of Philanthropy Award (2009). In 2010, he was inducted into the Iowa Business Hall of Fame and was also named the OneIowa Business Leader of the Year. He has been the convocation speaker at Iowa State University (2000), Drake University (2008) and Simpson College (2012).
Mike Piwowar is the Republican Chief Economist for the Senate Banking Committee. Most recently, Piwowar was a senior economist at the President’s Council of Economic Advisers (CEA), where he served in both the George W. Bush and Barack Obama Administrations. He also served as a staff economist for the President’s Economic Advisory Board (PERAB).
Prior to working for the White House, Piwowar was a principal at Securities Litigation and Consulting Group, Inc. (SLCG), an economics and consulting firm. He joined SLCG after working as a senior financial economist in the Securities and Exchange Commission’s Office of Economic Analysis. Prior to joining the SEC on a permanent basis, Piwowar was a visiting academic scholar on assignment from the College of Business at Iowa State University, where he was an assistant professor of finance from 1998 to 2004.
Piwowar has published articles in leading academic journals including the Journal of Finance, the Journal of Financial Markets and the Journal of Law and Economics. His research has been mentioned in a number of prominent newspapers and financial publications such as The Economist, The Wall Street Journal, and The Financial Times. He has made presentations at numerous conferences and seminars to audiences of academic finance researchers and securities market professionals. He has provided technical assistance and given presentations on market structure and risk management issues to more than 200 international securities regulators from over 70 countries.
Piwowar received a B.A. from Pennsylvania State University, an M.B.A. from Georgetown University, and a Ph.D. in Finance from Pennsylvania State University.
Mark Schmidt is a Managing Director with Promontory Financial Group, LLC in Atlanta, Georgia. He advises Promontory’s clients regarding regulatory matters as well as a wide variety of risk management issues, including governance, credit, capital, and liquidity.
He joined Promontory after a distinguished 33 year career in bank supervision with the Federal Deposit Insurance Corporation. From 2002 through 2009, he was the Regional Director of the FDIC’s Atlanta Region, overseeing bank supervision matters in seven states.
Schmidt joined the FDIC in 1976 as a bank examiner trainee. After rising to the level of Assistant Regional Director in Kansas City, Schmidt joined the FDIC’s Washington Office. In 1997, he was named Associate Director (Operations) where he was responsible for examination activities, applications and problem bank matters. In 1998, he became Associate Director (Policy), overseeing bank supervision policy development and implementation. He was named Regional Director of the Atlanta Region in 2002.
During his career at the FDIC, Schmidt served as a consultant for the International Monetary Fund, advising bank supervisors in Russia and other former Soviet Union countries. He also participated in the 1996 LEGIS Fellows Program, working for the Banking and Financial Services Committee of the U.S. House of Representatives. From 1997 through 2009, he represented the FDIC in various Basel Committee matters, most recently focusing on operational risk.
Schmidt received a Bachelor’s of Science in accounting from Iowa State University, and earned an MBA from the University of Missouri-Kansas City. He is also a graduate of the Graduate School of Banking at the University of Wisconsin, and is a member of the faculty at the ABA Stonier Graduate School of Banking.
Cara Heiden is co-president for Wells Fargo Home Mortgage, the nation’s largest provider of residential mortgages.
Heiden’s responsibilities include joint leadership of the overall business and strategic direction of the Mortgage division. The following areas within Mortgage report directly to her: National Consumer Lending, Wholesale Lending, Correspondent Lending, Loan Servicing and Post Closing, Consumer Marketing, Customer Retention, Cross Selling and Ventures.
Heiden’s career with Wells Fargo began when she joined Norwest Bank Iowa/Wells Fargo in 1981. She held various accounting positions and was promoted to senior vice president and chief financial officer of Wells Fargo Bank Iowa in 1988. In 1992, she joined WFHM as vice president and chief financial officer. Two years later, she assumed executive leadership of Loan Servicing. In 1997, she was named executive vice president, Retail Direct Client Services, and in 1998 was promoted to head of National Consumer Lending. She became division co-president for WFHM in 2004.
Richard Swanson is the President and CEO of the Federal Home Loan Bank of Des Moines, a $67 billion federally chartered and privately owned cooperative bank providing low cost funding to 1,250 financial institutions in the states of Iowa, Minnesota, Missouri, North Dakota and South Dakota. The Federal Home Loan Bank of Des Moines is one of twelve regional banks that collectively have approximately $740 billion in loans to members to fund housing and community development.
Prior to joining the Federal Home Loan Bank of Des Moines in June 2006, Mr. Swanson’s career in bank management, corporate governance, financial law practice and public service had been based in Seattle, Washington. From 1990-2003, Mr. Swanson served as chief executive officer and chairman of HomeStreet Bank, the largest privately held bank in the coastal Pacific Northwest, serving Washington, Oregon, Idaho and Hawaii. In 2004-2006 and prior to joining HomeStreet Bank in 1988, Mr. Swanson was in private law practice.
Allan Landon (’70 Industrial Administration) is the Chairman and Chief Executive Officer of Bank of Hawaii. Based in Honolulu, the Bank of Hawaii has more than $10 billion in assets and a market value of more than $2.5 billion.
Landon earlier served as President, Chief Operating Officer and Chief Financial Officer. He joined Bank of Hawaii in April 2000 as Director of Risk Management. Prior to joining the bank, he served as Chief Financial Officer of First American Corporation in Nashville, Tennessee. Before that, he was a partner with Ernst & Young LLP, where he was employed for 28 years.
Landon was named to U.S. Banker magazine’s All-Star Banking Team for 2008.
Chris Low is Chief Economist for FTN Financial. Chris’ forecasts and commentaries enjoy a large international following.
Chris is widely quoted in the business press and is a regular on Bloomberg TV and radio along with NPR’s Marketplace. He frequently writes and delivers BBC radio’s US business news.
Before joining FTN Financial in the summer of 1998, Chris spent eleven years as an economist and money manager at HSBC in New York.
Chris is a member of the Bond Market Association’s Economic Committee and a graduate of New York University.
J. Scott Johnson (’79 Industrial Administration), regional president for Wells Fargo Bank, N.A. – Iowa/Illinois, began his career with Wells Fargo Bank Iowa in 1979 as a regional credit trainee. In 1986, he was promoted to vice president of Mid-Market Banking. Four years later, he became senior vice president and manager of the Commercial Banking Division and in 1993 he was named president of Wells Fargo Bank in Des Moines. Johnson currently holds the title of Regional President for Wells Fargo Bank in Iowa and Illinois.
He was born in 1957 in Morning Sun, Iowa. Johnson also earned a master’s of business administration degree in 1990 from Drake University.
Mark Drabenstott, vice president and director for the Federal Reserve Bank of Kansas City’s Center for the Study of Rural America, was the speaker at the 2005 Stafford Lecture, held on November 10. His presentation was titled, “Helping Iowa Compete in the New Global Economic Race.”
The Center for the Study of Rural America serves as the Federal Reserve’s focal point for research on rural and agricultural issues. Drabenstott is a seasoned observer of the rural economy who has gained national recognition for his economic analysis and policy insights. He has been an ardent observer of the leading issues facing the rural economy and food and agriculture sector, publishing over 100 articles, editing five books, and testifying before Congress on rural and agricultural policy issues more than a dozen times.
A native of Markle, Indiana, Drabenstott earned his bachelor’s degree from Earlham College in Richmond, Indiana and his M.S. and Ph.D., both in economics, from Iowa State University. He joined the Federal Reserve Bank in 1981 and was named a vice president in 1990. In 1998, he was named director for the Center.
The inaugural Stafford Lecturer was the Honorable James A. Leach, Iowa’s Congressman for the Second District, who visited the College of Business on Wednesday, October 13, 2004. Congressman Leach was chairman emeritus of the House Committee on Financial Services, which oversees the nation’s financial industry including the Federal Reserve, the U.S. Treasury, and the Securities and Exchange Commission. Rep. Leach was co-author of the Gramm-Leach-Bliley Financial Services Modernization Act to make U.S. financial firms more internationally competitive and provide consumers more choices and lower prices in the purchasing of financial products.