Washington, D.C. – Federal Housing Finance Agency (FHFA) Director Melvin L. Watt today announced the appointment of Andre D. Galeano to the position of Deputy Director of the Division of Federal Home Loan Bank Regulation. Galeano will oversee the regulation and supervision of the 11 Federal Home Loan Banks (FHLBanks).  

Galeano succeeds Fred Graham, who announced his retirement earlier this year. Graham has served as the Director of the Division of FHLBank Regulation since April 2013. Galeano’s appointment will become effective upon Graham’s retirement on Aug. 18, 2017.  

“We are all extremely grateful to Fred for his outstanding years of service to FHFA during which he used his expertise and leadership to ensure the safety and soundness and mission focus of the FHLBank System. I wish him all the best in his retirement,” said FHFA Director Watt.

Galeano has served in various capacities at FHFA and a predecessor agency since 2002. He has served as Associate Director of examinations for the FHLBanks, Associate Director of credit risk for Fannie Mae and Freddie Mac, and Examiner-in-Charge of Fannie Mae. Galeano received his Bachelor’s degree in Business Administration from Pace University and also graduated with distinction from the American Bankers Association’s Stonier Graduate School.  

“I am pleased that Andre Galeano will be leading this outstanding division and our team of FHLBank examiners. Andre’s experience at FHFA has prepared him well for this position and I look forward to working with him,” said Director Watt.