Biden appoints first Native American to chair Farm Credit Administration

…on October 13, Mr. Logan was sworn in as a member of the board of directors and as a member of the board of directors of the Farm Credit System Insurance Company (FCSIC), an independent corporation controlled by the U.S. government that provides timely payment of principal and interest on bonds jointly issued by the Agricultural credit system banks.

As President and Chief Executive Officer, Mr. Logan succeeds Glen R.Smith* who has served as Chairman and Chief Executive Officer of FCA’s Board of Directors since July 17, 2019. Mr. Smith, whose term on the Board of Directors expired on May 21 of this year, will remain a member of the Board of Directors. administration of FCA until a successor is appointed to his position on the Board of Directors.

The Chairman of the FCA Board of Directors is the CEO. The CEO enforces the rules, regulations and orders of the FCA Board. He directs the implementation of the policies and regulations adopted by the Board. The CEO plans, organizes, directs, coordinates and controls the day-to-day operations of FCA and directs the agency’s efforts to reach and manage a diverse workforce.

Prior to joining FCA’s Board of Directors, Mr. Logan served as Chief Financial Officer and Chief Investment Officer for the Native American Agriculture Fund (NAAF). He was responsible for the NAAF portfolio and was responsible for overseeing the finance department, selecting and implementing financial systems, and managing the investment program.

Nominated by President Obama and confirmed by the US Senate in 2014, Mr. Logan was the Special Trustee for American Indians to US Department of the Interior. Drawing on his financial and regulatory experience, he led the Office of the Special Trustee in reaffirming its position as a leader in government accountability, Indian trust reform and financial education. During his tenure, he was appointed to the Treasury Department Financial Literacy Education Commissionwhich aims to develop a national financial education strategy.

Mr. Logan has worked in New York both in asset-based finance as a lawyer and in asset management as an investment advisor. As a lawyer, he practiced aircraft, shipping and equipment financing. As an investment advisor, he focused on institutional asset management, permanent fund development and client financial education.

He is a Governor of the Oklahoma State University Foundation and, prior to joining the FCA Board of Trustees, he served as a Trustee of the Federal Reserve Bank of St. Louis, Little Rock Branch.

Mr. Logan volunteers at tribal youth events, teaching financial skills and has mentored many young professionals, guiding them into careers in law and the securities industry. He is a national speaker on financial empowerment.

Mr. Logan was educated at Oklahoma State University, the University of Oklahoma College of Law and the School of International and Public Affairs at Columbia University.

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