Bank names FHLB Office of Finance chief as incoming CEO
The Federal Home Loan Bank of New York (FHLBNY) is preparing for a major leadership transition as longtime president and CEO José González (pictured) announced his retirement, effective April 4, 2025.
González, who has led the organization for over a decade, will be succeeded by Randolph Snook, the current CEO of the Federal Home Loan Banks Office of Finance.
“Leading the FHLBNY has been the greatest honor of my professional career,” González said. “Over the past 10 years, it has been a joy to come into work every day with the incredibly talented team at the FHLBNY to execute on our mission and provide reliable liquidity to our region’s local lenders. I have worked closely with Randy over the past six years, and know that under his leadership, the FHLBNY will continue to thrive and deliver on our vital mission to the benefit of communities across our region.”
Beyond his role at the FHLBNY, González has held key positions within the Federal Home Loan Bank System. Since joining the board of the Council of Federal Home Loan Banks in 2008, he has served as chair of the Bank Presidents Conference and led its Public Policy & Legal Committee for over three years.
Additionally, González has been a vice chair on the Pentegra Defined Benefit Plan for Financial Institutions’ Board since 2022 and served on the Board of the Office of Finance for the Federal Home Loan Banks since 2014.
“Our board and the entire cooperative are eternally grateful to José González for leading the FHLBNY for the past decade,” said Larry Thompson, chairman of FHLBNY’s board of directors. “His steady hand guided the FHLBNY through the global COVID-19 pandemic and the March 2023 banking crisis, ensuring that our cooperative remained a stable and reliable source of liquidity during periods of significant market turmoil.”
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Snook, who will join the FHLBNY on February 3, 2025, brings over 30 years of experience in the securities and financial markets. His previous roles include senior positions at Goldman Sachs and the Securities Industry and Financial Markets Association (SIFMA).
González will continue to serve as senior advisor to help in the transition period.
“Randy Snook is an exceptional leader who will bring a great understanding of the importance and workings of the Federal Home Loan Banks to his new role,” Thompson said in a statement. “Over the past six years, Randy has led the Office of Finance during periods of significant market turmoil and resulting record demands for Federal Home Loan Bank liquidity, and throughout that time, the Office of Finance has always delivered.
“He will bring that same focus on reliability and execution to his role leading our cooperative, and our Board is very excited to welcome him to the FHLBNY.”
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