The Office of Capital Markets (OCM) develops agency policies and procedures related to credit union investments and asset liability management. The office assists examiners in evaluating investment issues in credit unions. OCM provides expert advice to the Board on investment issues. 

 Director of the Office of Capital Markets & Planning - Owen Cole

Owen Cole currently serves as the Director of the Office of Capital Markets. As OCM Director, he manages the Division of Capital Markets. The capital markets division develops agency policies and procedures related to credit union investments and asset liability management. He also is the President of the NCUA Central Liquidity Facility (CLF). The CLF was created to improve general financial stability by providing funds to meet the liquidity needs of credit unions. 

From November 2004 through August 2005, he served as National Credit Union Administration’s Deputy Executive Director. As Deputy Executive Director, Mr. Cole was responsible for assisting the Executive Director, as the agency’s administrative head, in carrying out all administrative responsibilities. 

He also served as the Associate Regional Director of Operations in NCUA’s Capital Region, Region II, from June 2002 to June 2003. Prior to Region II, he served as the Director of the Division of Risk Management from 1998-2002 and as a Senior Investment Officer in the Office of Investment Services from 1993-1998. 

Mr. Cole came to NCUA in 1993 from the banking industry, where, as a Treasury Division Vice President, he spent 10 years as an investment trader and portfolio manager for the Riggs National Bank of Washington, D.C.  Responsibilities included supervision of funds management, money-market lending, investment portfolio management and asset-liability management.

He holds a B.A. degree in History from Western Maryland College (McDaniel College) and an MBA degree, with a concentration in finance and investments, from George Washington University.