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James B. Lockhart III

Non-Executive Director

Date of appointment: subject to ECB approval

 

Experience:

Mr. Lockhart serves as Vice-Chairman of WL Ross & Co. LLC in New York since 2009 and as a member of Investment Committees and the Management Committee thereof.

Prior to this position, Mr. Lockhart served in the U.S. Government in several positions.  In 2008-2009 he was the Director (CEO) and Chairman of the Federal Housing Finance Agency (FHFA) Oversight Board.  In 2006-2007 he served as the Director (CEO) of the Office of Federal Housing Enterprise Oversight.  He also served on the Troubled Asset Relief Program's (TARP's) Financial Stability Oversight Board which is chaired by the Federal Reserve Chairman.  From 2002-2006 Mr. Lockhart served as the Prinicpal Deputy Commissioner and Chief Operating Officer of the Social Security Administration (SSA).  He served on the Executive Committee of President Bush's Management Council and as Secretary of Social Security's Board of Trustees.

Mr. Lockhart's private sector financial services experience includes senior positions with NetRisk, National RE, Smith Barney, Pension Benefit Guaranty Corporation, Alexander & Alexander Services and Gulf Oil Corporation.

Mr. Lockhart graduated in 1974 from Harvard University with an MBA and in 1968 from Yale University with a BA.

 External Appointment(s):

  • Executive Vice-Chairman of WL Ross & Co LLC 
  • Non Executive Director of Shellpoint Partners LLC
  • Non Executive Director of Sun Bancorp Inc.
  • Non Executive Director of Bruce Museum
  • Non Executive Mamber of the Bipartisan Policy Center Commission on Retirement Security

Committee membership(s):

Member of the Nominations and Corporate Governance Committee

Member of the Risk Committee