Latest news with #MatthewWesterman
National Post
2 hours ago
- Business
- National Post
DSR Bank Development Group Welcomes Søren Elbech and Matthew Westerman to Its Board
Article content LONDON — The Defence, Security and Resilience Bank (DSRB) Development Group today announced the appointment of Søren Elbech and Matthew Westerman to its Board, strengthening the institution's financial and capital markets leadership as it advances toward formal establishment. Article content Søren Elbech brings unique multilateral banking expertise to the DSRB Board. Since September 2023, Elbech serves as Chief Risk Officer of Inter-American Development Bank. Prior, Elbech was Managing Director, Global Head of Supranational Institutions at JPMorgan and, in 2019, co-developed what since evolved into DSRB. Moreover, as the first Treasurer of the Asian Infrastructure Investment Bank (AIIB), in 2016-19 he was responsible for building its treasury function from the ground up and achieving AAA credit ratings from all leading rating agencies. Elbech's experience in establishing the financial architecture of a new multilateral bank is shared by only a handful of individuals globally, making his contribution to the DSRB both rare and indispensable. Article content Article content Matthew Westerman, one of the City of London's most accomplished investment bankers, also joins the Board. With senior leadership roles at Goldman Sachs and HSBC, Westerman has advised governments and corporations worldwide, executing landmark transactions across global capital markets. His track record in guiding complex financing strategies will be pivotal as the DSRB develops the instruments needed to mobilize private capital at scale. Article content Rob Murray, CEO and Board member of the DSR Bank Development Group: Article content 'The addition of Søren and Matthew represents an extraordinary deepening of our financial leadership. With Søren, I co-developed the original blueprint for what is now DSRB. Søren's unparalleled insight and experience from both building a multilateral bank as well as working in management of established ones, combined with Matthew's decades of investment banking expertise, equips the DSRB Development Group with the rare mix of skills required to stand up a world-class institution capable of mobilising capital for nations defence, security, and resilience needs.' Article content The DSRB Development Group is bringing together allied governments, commercial banks, and international institutions to establish a AAA-rated bank that can provide sovereign lending, guarantees, and supplier financing to strengthen shared security and resilience. With Elbech and Westerman joining its Board, the Development Group enters the next phase of its preparations with reinforced financial credibility and execution capability. Article content Article content Article content Article content Article content Article content
Yahoo
20-02-2025
- Business
- Yahoo
ODNR employee used state time for second job: Report
COLUMBUS, Ohio (WKBN) – An attorney working for the Ohio Department of Natural Resources was found to be using his state laptop and state time to do work for a law firm — his second job. Read next: Italian restaurant catches fire in Mercer County ODNR Deputy Legal Counsel Matthew Westerman's second job with the law firm MCS & Associates was approved by ODNR, but he was not permitted to use his position at ODNR to facilitate activities with the law firm, according to the Office of Inspector General. An investigation began in June 2024 into Westerman's activities after a state agency became concerned that they were getting emails from Westerman from his state email account about MCS business. The investigation found that Westerman made 148 phone calls related to MCS activities during times that he reported working for ODNR. He sent or received 70 emails related to MCS using his state email account and stored 29 files on his state laptop and servers, according to the Office of the Inspector General. On November 19, 2024, ODNR instructed Westerman to immediately cease all secondary employment activity and he complied. The report of the investigation dated Jan. 9, 2025, has been sent to the Columbus City Attorney's Office, the Franklin County Prosecuting Attorney's Office, the Ohio Office of Disciplinary Counsel, and the Ohio Auditor of State for consideration. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
20-02-2025
- Yahoo
Investigation: Ohio Dept. of Natural Resources lawyer worked second job on state's dime
An attorney for the Ohio Department of Natural Resources misused state resources when he stored documents related to a second job on his state-issued computer, an investigation by the Ohio Inspector General found. The Ohio Inspector General launched an investigation into ODNR Deputy Legal Counsel Matthew Westerman in June after receiving a referral from the Ohio Facilities Construction Commission. The Inspector General's office issued a report Thursday that found Westerman worked on multiple occasions for a secondary job at MCS and Associates while also working for ODNR. ODNR's legal department had approved Westerman's employment with the construction and project management firm, the report found. However, Westerman used state resources for his second job, which violated ODNR policies. In November, ODNR told Westerman to stop all his work with MCS and Associates, and he agreed, the report said. The investigation found that he made nearly 150 phone calls for MCS-related work while on the clock for ODNR, sent or received 70 emails using his state email account, and stored 29 MCS-related files on his state-issued computer or state cloud storage. The investigation found this amounted to more than 26 hours of work over about two years being done for Westerman's secondary employer while on the clock for the state, totaling about $2,182 in pay and benefits from ODNR, a report issued Thursday said. Westerman has worked as deputy legal counsel for ODNR since 2022. According to the Ohio Supreme Court's attorney registry, he remains employed there as of Thursday. The Ohio Inspector General has sent the investigation and report to the Columbus City Attorney's office and the Franklin County Prosecutor's office for review. The investigation and report have also been sent to the Ohio Auditor of State's office and the Ohio Office of Disciplinary Counsel. bbruner@ This article originally appeared on The Columbus Dispatch: ODNR lawyer found working second job on state time, investigation shows
