For immediate release
Contact: Joey Lee, Media Relations, 215-574-3840
Philadelphia — The Federal Reserve Bank of Philadelphia has appointed Robin Wiessmann, executive director and CEO of the Pennsylvania House Finance Agency (PHFA), to its Economic and Community Advisory Council (ECAC), a committee that informs the Bank’s senior leadership team about emerging issues and market conditions in the Third Federal Reserve District and nationwide.
Under Wiessmann’s leadership, PHFA has continued its commitment to renters, homebuyers, and homeowners while employing new strategies to operate more efficiently and deliver housing in the most fiscally responsible manner. In her current role, she oversees different divisions that work toward expanding affordable housing across Pennsylvania.
“We are excited to welcome Robin to our advisory council and as we consider the road to recovery from COVID-19, she will bring invaluable insight on affordable housing and consumer behavior from her extensive experience in finance and public policy,” said Deborah L. Hayes, senior vice president of Corporate Affairs at the Federal Reserve Bank of Philadelphia.
Wiessmann previously held positions as chair of the Conference of State Bank Supervisors Non-Depository Supervisory Committee, secretary of the Pennsylvania Department of Banking and Securities, treasurer of Pennsylvania, and deputy director of finance for the City of Philadelphia. She was a founding principal and president of Artemis Capital Group, the first women-owned investment banking firm on Wall Street, and held leadership positions at Goldman Sachs and Merrill Lynch.
She has served as chairman of the board for Vantagepoint Funds Mutual Fund, an Act 40 company, and on the board of the Municipal Securities Rulemaking Board, a self-regulatory organization under the Securities and Exchange Commission. She continues to serve on the board of the Pennsylvania Higher Education Assistance Agency. Wiessmann earned a law degree from Rutgers Law School and is a graduate of Lafayette College.
Created in 2008, the ECAC is composed of up to 15 leaders representing businesses of varying sizes and in different industry sectors as well as nonprofit organizations, philanthropic organizations, academic institutions, the public sector, and organized labor. The ECAC extends partnerships with organizations from the private and public sectors and fosters greater integration and collaboration to have a broader impact on the Third Federal Reserve District and to encourage economic growth.
The Federal Reserve Bank of Philadelphia helps formulate and implement monetary policy, supervises banks and bank and savings and loan holding companies, and provides financial services to depository institutions and the federal government. It is one of the 12 regional Reserve Banks that, together with the Board of Governors in Washington, D.C., make up the Federal Reserve System. The Federal Reserve Bank of Philadelphia serves eastern and central Pennsylvania, southern New Jersey, and Delaware.