SEATTLE – The Federal Reserve Bank of San Francisco has announced two new appointments to its Seattle Branch Board of Directors, effective January 1, 2022.
Pallavi Mehta Wahi, United States co-managing partner of K&L Gates LLP in Seattle, was appointed by the Federal Reserve Board of Governors, and Michael A. Senske, chairman and chief executive officer of Pearson Packaging Systems in Spokane, Washington, was appointed by the Bank.
Pallavi Mehta Wahi
Pallavi Mehta Wahi
In addition to serving as the U.S. co-managing partner of K&L Gates (with 46 offices worldwide and 24 offices in the United States), Ms. Wahi serves as managing partner of the Seattle office, chair of the firmwide diversity committee and is a member of the firmwide Management Committee. She practices complex commercial litigation with an emphasis on corporate and intellectual property litigation. She is an experienced and prominent litigator in the local and national arena and business community.
Ms. Wahi serves on the boards of the Seattle Metropolitan Chamber of Commerce, the Woodland Park Zoo and the King County Bar Foundation. She also serves as an advisory board member to the Global Business Law Institute at the University of Washington School of Law and is involved with the International Women’s Forum. Ms. Wahi received a bachelor’s of arts in history from St. Stephen’s College, New Delhi, and a master of arts in law from the University of Cambridge.
Michael A. Senske
Michael A. Senske
Mr. Senske joined Pearson Packaging Systems 1997 and held a wide variety of positions, including product manager, director of business development and vice president sales and marketing before assuming the role of president and chief executive officer in 2005. Previously, he worked in the product support services division of the consumer division unit at Microsoft Corporation. Mr. Senske serves on the board of directors for Colmac Holding Company as well as on the boards of the Association of Washington Business (past chair) and The Washington Roundtable. He holds a bachelor of arts in psychology from the University of Washington and is a graduate of Harvard Business School’s Owner/President Management Program.
In addition, Sheila Edwards Lange, chancellor, University of Washington, Tacoma, was designated chair of the Seattle Branch Board for 2022.
The remaining members of the Seattle Branch Board of Directors include:
- Bob Donegan, president, Ivar’s Restaurants, Seattle, Washington
- Carol Gore, president and chief executive officer, Cook Inlet Housing Authority, Anchorage, Alaska
- Laura Lee Stewart, president and chief executive officer, Sound Community Bank and Sound Financial Bancorporation, Seattle, Washington
- John Wolfe, chief executive officer, Northwest Seaport Alliance (NWSA), Tacoma, Washington
About the Boards of Directors
The Federal Reserve Act of 1913 requires each of the 12 Reserve Banks to operate under the supervision of a board of directors. The Federal Reserve Bank of San Francisco’s Head Office is governed by nine directors who represent the interests of the 12th Reserve District and whose experience provides the Bank with a wider range of expertise that helps it fulfill its policy and operational responsibilities. The nine directors of each Reserve Bank are divided evenly by classification: Class A directors represent the member banks in the District; Class B directors and Class C directors represent the interests of the public. In the case of the Federal Reserve Bank of San Francisco, its four branches in Los Angeles, Portland, Salt Lake City and Seattle each have a separate seven-member branch board.
The Federal Reserve Bank of San Francisco (SF Fed) serves the public by promoting a healthy, sustainable economy, and supporting the nation’s financial and payment systems. With offices in Los Angeles, Seattle, Salt Lake City, Portland and Phoenix, the Bank serves the Twelfth Federal Reserve District, which includes one-fifth of the nation’s population and represents the world’s fourth-largest economy. As part of the nation’s central bank, the SF Fed informs monetary policy, regulates banks, administers certain consumer protection laws and acts as a financial partner to the U.S. government.