FHLB Des Moines Names New Chief Business Officer
The appointment of Brett Manning as CBO signals internal continuity for the 1,200 member institutions served by the bank.
Updated on Oct. 20, 2026 in People
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The Federal Home Loan Bank of Des Moines has appointed Brett Manning as its new chief business officer. This transition follows the recent move of Wil Osborn into the role of president and chief executive officer.
Why it matters
Leadership changes at regional wholesale banks often signal shifts in member services and credit access strategies for local lenders. This executive realignment occurs as the institution manages liquidity needs across its wide geographic footprint.
The Federal Home Loan Bank of Des Moines supports 1,200 member institutions across 13 states and 3 Pacific territories. The regional bank is one of 11 entities within the national Federal Home Loan Bank system.
The players
Brett Manning
The new chief business officer who previously led Member Strategies and Solutions and has a 28-year career at the bank.
Wil Osborn
The current president and chief executive officer who previously served as the chief business officer.
Federal Home Loan Bank of Des Moines
A federally chartered wholesale bank that provides liquidity and funding solutions to 1,200 member financial institutions.
The details
Brett Manning assumes the role of chief business officer after serving as the director of Member Strategies and Solutions. He steps into the position vacated by Wil Osborn, who was recently named the organization's president and chief executive officer. Manning has been with the bank since 1998 and holds a Chartered Financial Analyst charterholder designation.
Timeline
1998: Brett Manning began his career with the Federal Home Loan Bank.
October 1, 2026: Wil Osborn assumed the role of president and chief executive officer.
October 16, 2026: Brett Manning became chief business officer.
October 20, 2026: The Federal Home Loan Bank of Des Moines announced the executive appointments.
Market Landscape
This leadership appointment follows the standard practice of promoting long-tenured internal staff to executive roles within the Federal Home Loan Bank system. The move reflects the stable management structure common across the 11 regional banks that comprise the national network.
Member institutions should monitor whether this leadership change influences current credit facility terms or product offerings. Operators working with the bank should review upcoming member communication for potential adjustments to regional lending strategies.
The takeaway
This promotion highlights a consistent internal succession plan for the bank's key strategic roles. Financial officers at member institutions should file this change in their risk management notes for future funding discussions.
Further reading
For more on local leadership changes, visit the People section.
More information
Access institutional updates via the FHLB Des Moines information portal.
Source note: This article includes information reported by The Manila times.
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