Federal Home Loan Bank of Des Moines: names Brett Manning chief business officer

What happened

• The filing says the Bank named Brett L.A. Manning as the Bank’s Chief Business Officer, effective Oct 16, 2026. The filing says Mr. Manning will oversee the Bank’s member-facing departments, including member relationships and sales, member strategies and solutions, marketing and communication, and the mortgage product group.

Key details

• Mr. Manning is age 50 and began his Federal Home Loan Bank career in Seattle in 1998.
• The filing says he served as Member Strategies and Solutions Director since Aug 2023 and as Funding Products Group Director beginning Jun 2017.
• As Chief Business Officer, Mr. Manning will be paid an annual base salary of $425,000 and will be eligible for incentive awards under the Bank’s annual and long-term incentive plans, with a maximum potential incentive award of 80 percent of his base salary; he will be eligible for the Bank’s standard executive relocation benefits.
• The filing says Mr. Manning does not have any direct or indirect material interest in any transaction required to be disclosed under Item 404(a) of Regulation S-K, has no family relationships with the Bank’s directors or executive officers, and there are no arrangements or understandings related to his appointment.

Why it may matter

• The filing reports Item 5.02 (Departure of directors or certain officers; election of directors), which covers changes in certain officer and director positions and related disclosures. The filing does not show why the insider traded or why the company acted.