FHLB finance office names John Fisk as new CEO

NEW YORK Dec 12 (Reuters) - John Fisk was named chief executive officer of the Federal Home Loan Bank system's finance office, effective Jan. 1, the government-sponsored enterprise said on Wednesday.

The appointment comes before the planned year-end retirement of John Darr, who has led the finance office since 1992.

Fisk is currently responsible for managing all day-to-day functions such as debt issuance, servicing, human resources, information technology, and strategic planning as the "No. 2" executive at the finance office, FHLB said in a news release.

Fisk will also become chief operating officer and president of the Financing Corp (FICO) and the Resolution Funding Corp (REFCORP) on Jan 1.

Before joining FHLB's finance office, he was executive vice president of strategic planning at MGIC, the largest U.S. private mortgage insurer, and spent 17 years at Freddie Mac FRE.N, the second largest U.S. home funding company, FHLB said.

FHLB's finance office raises funds for the system's 12 member banks.

The Federal Home Loan banks are a leading source of funds for U.S. housing and community development. The regional banks are held cooperatively by more than 8,000 lending institutions. (Reporting by Lynn Adler; Editing by Jonathan Oatis)