FHLB Seattle
In 1981 Jim
Klein began his Asset/Liability Management career with the Federal Home
Loan Bank of Seattle, managing billions of dollars in assets and
liabilities, trading a $100 million portfolio of US Treasuries, and a
billion dollars of fed funds.
Klein also traded futures, options, and swaps, doing the first interest rate swap with the First Boston Corporation.
Citibank
Recruited to
Citibank, Jim managed intrest rate risk in the $25 billion consumer and
mortgage portfolios, managing traders in cash, futures,
options, and swaps, and trading his own account.
Home Owners Federal Savings
Hired then as A/L
specialist and Treasurer with privately held
institutions, Jim managed through the end of the bear market in
bonds.
Proposed Chairman and CEO
Klein was recruited by investors to find and manage a troubled thrift. The 1987 crash in the stock market ended that episode.
Mortgage Banking
Paterson was created in 1990 as a mortgage banking operation.
During the bull market
for the past few years, Jim has been a mortgage banker,
originating and refinancing loans while advising clients
on A/L issues.
Paterson's to Asset/Liability Management to help the newest group
of financial institutions deal with the emerging bear
market in bonds and the effects of rising short-term
interest rates on their borrowing and lending
activities.
Working with Jim are a
bond trader, an accountant and an economic analyst.
Take advantage of
Paterson's unique experience in both banking and
financial market analysis to provide an independent
perspective on the status of an institution and the
effects of the coming changes in interest rates on
profitability.
