The Federal Home Loan Bank of Des Moines (FHLB Des Moines) announced the appointment of Brett L.A. Manning as the Bank's Chief Business Officer, effective October 16, 2026. Mr. Manning succeeds Wil W. Osborn, who transitioned to the role of President and Chief Executive Officer on October 1, 2026.
As Chief Business Officer, Mr. Manning will oversee member-facing departments, including member relationships and sales, member strategies and solutions, marketing and communication, and the mortgage product group.
Brett Manning began his career with the Federal Home Loan Bank in Seattle in 1998. He has held various leadership positions focusing on business development and front-line risk management. His most recent role prior to this appointment was Director of Member Strategies & Solutions, which he held since August 2023. He previously served as Director of the Funding Products Group starting in June 2017.
Mr. Manning is 50 years old. He holds a bachelor’s degree in finance with a minor in economics from Western Washington University, is an honors alumnus of the Pacific Coast Banking School at the University of Washington, completed Stanford University’s LEAD program, and is a Chartered Financial Analyst charterholder.
In his new role, Mr. Manning will receive an annual base salary of $425,000. He is eligible to earn incentive awards under the Bank's annual and long-term incentive plans, with a maximum potential incentive award of 80 percent of his base salary. He will also be eligible for standard executive relocation benefits.
The Bank noted that Mr. Manning has no direct or indirect material interests in any transactions required to be disclosed pursuant to Regulation S-K, nor are there any family relationships between Mr. Manning and the Bank's directors or executive officers.
