San Francisco, Calif.
Alanna McCargo has been named the next president and chief executive officer of FHLBank of San Francisco. as the Bank’s next president and chief executive officer. McCargo was most recently the president of the Government National Mortgage Association (Ginnie Mae), a federal government corporation that connects the United States housing market to capital markets, providing low-cost financing for federal housing programs through the U.S. Department of Veterans Affairs, the U.S. Department of Housing and Urban Development’s Federal Housing Administration and Office of Public and Indian Housing, and the U.S. Department of Agriculture’s Rural Housing Service.
McCargo made history as the first woman and first woman of color appointed to lead Ginnie Mae.
“We are very excited that Alanna is joining the Bank at this pivotal moment in time for us and our industry,” said Dan Siciliano, chair of the Bank’s board of directors. “Alanna is the type of transformative leader we need to continue the innovative and impactful programs the Bank has been delivering under the leadership of Teresa Bryce Bazemore, our current president and CEO.”
McCargo is a pioneer in the financial services industry with a distinguished career. Prior to her position as President of Ginnie Mae – to which she was nominated by President Joe Biden and confirmed by the U.S. Senate with bipartisan support – she served as senior advisor for housing finance at the Department of Housing and Urban Development under former Secretary Marcia Fudge and was vice president of the Housing Finance Policy Center at the Urban Institute. McCargo previously held leadership positions at CoreLogic, JP Morgan Chase, and Fannie Mae.
“I am looking forward to joining the team at the Federal Home Loan Bank of San Francisco and leading the critical work of providing reliable access to liquidity to Bank members and fulfilling the public mission to support affordable housing and deepen community investment,” McCargo said. “The role of the FHLBanks is essential to our financial system and contributes to the economic strength and stability of communities in our nation.”
