Allen Puwalski

30-year career as a Bank & FinTech investor, policy analyst, and sector stakeholder with substantive roles as a accounting expert, policy researcher, policy maker, regulator, strategist, and advisor.

• Board Director, Flagstar Financial, Inc. (FLG), 03/01/24, Present, $113 billion, Category IV Commercial Bank. Chair, Risk and Regulatory Remediation Committees. Member, Audit and Compensation Committees.
• Founding Partner, CIO, Cybiont Capital, LLC, 08/01/19, Present, "Deep fundamental experience codified." Financial company investment advice for funds and family offices, valuation experts in banking and FinTech, due diligence and investment structuring advice.
• Head of Community Bank Strategy, SoFi Technologies (SOFI), 03/01/20, 07/31/21, Senior Leadership team during the bank chartering process and public listing. Building partnerships and long-term mutually beneficial relationships with America's community banks to unlock trapped value for all by providing access to scale in consumer lending and digital banking and building a distributed funding source for SoFi.
• Strategic Advisor, Neocova (Revio Insight), 03/01/19, 09/30/21, A financial technology company serving community banks with cloud-native core banking systems and AI-driven compliance systems.
• Partner, Head of Global Banks (named Co-Portfolio Manager in 2015), Paulson & Co, Inc., 11/01/07, 03/31/18, Established $1 billion+ in early short positions in subsequently bankrupt global financial companies with unsustainable underwriting models. Generated large position ($100 million plus), long ideas in the financials sector, post GFC. Long positions in banks were the largest contributor to fund performance in 2009 and 2010. Lead role managing PE consortium purchasing IndyMac Bank from the FDIC. Managed $50 billion notional-value bank credit default swap (CDS) portfolio. Invested in complex debt for equity swap in Greek Bank resulting in 0.2x TBV entry price.
• Director (Audit and Compensation Committees), OneWest Bank, NA, 01/01/09, 12/31/15, Purchased IndyMac FSB out of receivership in partnership with Steven Mnuchin, J.C. Flowers and others. Earned 3.2x return on $1.6 billion invested. Invested capital returned fully by 5th year of investment. Guided two assisted bank acquisitions and the conversion to a national bank charter. Transformed the company from a subprime mortgage lender to a commercial bank. Sold the bank to CIT in 2015 creating the first new systemically important financial institution since the designation was created. Managed bank through a mortgage servicing consent order.
• Member, FASAC (Financial Accounting Strategic Advisory Council), 01/01/10, 12/31/14, Representing financial statement users, advise the FASB on issues related to financial accounting standards in effect or needed.
• Financial Sector Lead & Team Leader, CFRA (Center for Financial Research & Analysis), 01/01/04, 12/31/07, Built out financial sector coverage for this leading subscription-based forensic research provider. Positioned CFRA to sell to Riskmetrics in August 2007. Led early identification and analysis of subprime mortgage short opportunities.
• Chief, Bank Analysis (Examiner & Capital Markets Specialist), Federal Deposit Insurance Corporation (FDIC), 01/01/91, 12/31/04, Managed analysis, publications, and policy research and development of a 15-person multi-disciplinary team of PhD economists, CPAs, CFAs, and commissioned bank examiners. Bank failure projection modeling, early development of bank stress testing, derivatives risk, and quantitative underpinnings for risk-based deposit insurance pricing. Five years as a field examiner in MD and the FDIC's New York Region.

• Chartered Financial Analyst (CFA) - CFA Institute.