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Speaker Biographies

Mike Allen serves as executive vice president, director of real estate credit risk at Cadence Bank in Atlanta. He previously served as executive vice president, senior credit officer and director of Special Assets Division of State Bank and Trust Company in Atlanta prior to its January 2019 merger with Cadence Bank. Allen has more than 42 years of banking experience, having worked with several banks in various capacities including retail, consumer, commercial, special asset remediation, and credit. He is also a partner in the bank consulting firm Accello Advisors. Founded in 2020, Accello Advisors is led by a team of credit, technology, and accounting executives with more than 60 years of experience. The firm's specialties include credit management, ALM/FTP reviews, technology implementations, succession planning, and leadership training. The team is devoted exclusively to management advisory services for banks, bank holding companies, and financial technology providers. Allen currently serves on the Credit Committee for the Georgia Bankers Association (GBA), where he is also an instructor, leading seminars on loan documentation, analyzing financial statements, and asset-based lending. He serves on the Georgia Bankers Association's Graduate Banking School Board of Directors and is a member of the faculty at the University of Georgia Banking School, sponsored by the Georgia Bankers Association. Allen serves as president-elect on the Executive Committee of the Graduate School of Banking at Louisiana State University (LSU) and is a member of the faculty, teaching troubled asset resolution. He was the 2017 recipient of the T. Eugene Spragens President's Award, an award presented annually by the LSU Graduate School of Banking to an outstanding faculty member. Allen is a 1991 graduate of the school. He is an accomplished presenter and speaker and has conducted many seminars and workshops, and has been an invited guest speaker at GBA and Federal Reserve Bank of Atlanta programs.

David Altig is executive vice president and director of research at the Federal Reserve Bank of Atlanta. In addition to advising the Bank president on monetary policy and related matters, Altig oversees the Bank's Research Division, which includes a team of economists, the Regional Economic Information Network, and the Bank's Community and Economic Development function. In this role, Altig leads the Atlanta Fed's research and engagement portfolio on benefits cliffs. He also serves as a member of the Bank's Management and Discount Committees and is the executive cosponsor of the Bank's Working Families Employee Resource Network. Altig is an adjunct professor of economics in the Booth School of Business at the University of Chicago. He is currently the vice president-elect of the National Association for Business Economics, for which he served as director from 2016 to 2019. He is also a member of the advisory council of the Global Interdependence Center and serves on the board of the Konstanz Seminar on Monetary Theory and Policy. He has past and pending published research in several prominent professional journals, including the American Economic Review, the Journal of Econometrics, the Journal of Monetary Economics, and the National Tax Journal. Before joining the Atlanta Fed, Altig served as vice president and associate director of research at the Federal Reserve Bank of Cleveland. He joined the Cleveland Fed in 1991 as an economist before being promoted in 1997. Before joining the Cleveland Fed, Altig was a faculty member in the Department of Business Economics and Public Policy at Indiana University. He has lectured at several universities, including Ohio State University, Case Western Reserve University, Duke University, the University of Iowa, and the University of Wisconsin, as well as in the Chinese Executive MBA program sponsored by the University of Minnesota and Lingnan College of Sun Yat-Sen University.

Brian Bailey is a subject matter expert in the Supervision, Regulation, and Credit Division of the Federal Reserve Bank of Atlanta, responsible for providing thought leadership and monitoring emerging trends in commercial real estate (CRE). He provides guidance on CRE-industry dynamics, valuation, operation, and finance issues. Bailey has been a lead wholesale reviewer in the annual stress test and capital review conducted on the nation's largest financial institutions. He has had requests to share his thoughts on CRE at hundreds of venues, including the Federal Reserve System, multiple U.S. federal agencies, universities such as the Wharton School, industry conferences, and syndicated radio. Prior to joining the Atlanta Fed, Bailey worked at the private equity firm Tavistock Group, overseeing real estate finance and acquisitions. He was responsible for valuation, directing due diligence, and financial modeling operations, which included assessing and identifying the most financially feasible development scenarios. His projects included a 7,000-acre development with more than 12 million square feet of entitlements and a large development with 8,000-plus residential and commercial parcels and lots. Before joining Tavistock, Bailey was the director of real estate finance for Flagler Development Group, Florida's largest commercial real estate developer, where he was responsible for the company's valuation and financial analysis functions, as well as providing guidance on various financial issues related to development, leasing, and valuation. Bailey has also worked as an executive for Ernst & Young (E&Y), where he managed multiple engagements for both private and public sector clients. Prior to joining E&Y, Bailey founded and operated an industrial development company that specialized in the acquisition, development, and refurbishment of industrial and office properties. Bailey got his start in commercial real estate as a local market appraiser.

Donald Bardwell is a portfolio director in the Supervision, Regulation, and Credit Division of the Federal Reserve Bank of Atlanta and has more than 20 years of experience in supervising financial organizations. In addition to his supervisory responsibilities for community banks in the Sixth District, he is part of the System's education/instructor team. Prior to joining the Atlanta Fed in 2011, Bardwell was an examiner at the Federal Reserve Bank of San Francisco, where he focused on credit risk, regional banks, and troubled institutions. He was chief financial officer for some small startup companies in the greater Chicago area before coming to the Federal Reserve System, and he spent several years as a bank examiner with the FDIC. Bardwell graduated with honors from the University of Illinois, and is a graduate of the Pacific Coast Banking School.

Raphael Bostic took office June 5, 2017, as the 15th president and CEO of the Federal Reserve Bank of Atlanta. He is responsible for all the Bank's activities, including monetary policy, bank supervision and regulation, and payment services. In addition, he serves on the Federal Reserve's chief monetary policy body, the Federal Open Market Committee. From 2012 to 2017, Bostic was the Judith and John Bedrosian Chair in Governance and the Public Enterprise at the Sol Price School of Public Policy at the University of Southern California (USC). He arrived at USC in 2001 and served as a professor in the School of Policy, Planning, and Development. His research has spanned many fields, including homeownership, housing finance, neighborhood change, and the role of institutions in shaping policy effectiveness. He was director of USC's Master of Real Estate Development degree program and was the founding director of the Casden Real Estate Economics Forecast. From 2009 to 2012, Bostic was the assistant secretary for policy development and research at the U.S. Department of Housing and Urban Development (HUD). Bostic worked at the Federal Reserve Board of Governors from 1995 to 2001, first as an economist and then as a senior economist in the monetary and financial studies section. He served as special assistant to HUD's assistant secretary of policy development and research in 1999. He was also a professional lecturer at American University in 1998.

Sarah Chae is the assistant chief accountant at the Federal Reserve Board of Governors in Washington, DC. In this role, she leads a team of professionals providing technical accounting expertise on matters related to regulatory capital, stress testing, regulatory reporting, and other regulations and policies impacting stability of the financial system. Chae is also responsible for monitoring domestic and international accounting standards and practices that impact institutions supervised by Federal Reserve Banks. Chae has 20 years of experience in the financial services sector. Prior to joining the regulatory community, she worked at large financial institutions leading teams responsible for SEC filings and accounting for complex financial instruments such as derivatives, funding instruments, loans, and investment securities. Chae began her career at Deloitte, where she focused on audits of large financial institutions.

Calvin "Cal" Evans developed and manages Synovus Financial Corp.'s Credit Market Intelligence Initiative in Columbus, Georgia. He is responsible for determining how market factors influence commercial real estate (CRE) and C&I lending, and he serves as an economic adviser for the company. Prior to joining Synovus in 2008, Evans worked as a commercial real estate appraiser and private consultant in the Athens, Georgia, area. He earned his BBA in economics in 1997 and his MBA in 2005, both at the University of Georgia. While completing the MBA program, Evans taught both undergraduate- and graduate-level finance at the Terry College of Business at the University of Georgia (UGA). He is a faculty member at the UGA/Georgia Bankers Association Graduate School of Banking and the Louisiana State University Graduate School of Banking, where he teaches real estate markets and finance, and he serves as a CRE market adviser for the Georgia Association of Assessing Officials. Evans is a member of the Atlanta ULI Capital Markets Committee and serves as the chair of Synovus's Economic Advisory Council. He conducts ongoing educational programs for several governmental, real estate, and educational enterprises.

Joseph "Jody" Hudgins is a senior executive vice president and chief credit officer for First Florida Integrity Bank, headquartered in Naples, Florida. He has been president and CEO of several banks in Florida since moving to Sarasota in 1990. For the last 27 years, Hudgins has been an instructor at the Florida School of Banking at the University of Florida, teaching commercial lending, loan policy, loan review, personal financial analysis, and bank simulation classes. In addition, Hudgins has been an instructor for the last 14 years at the Graduate School of Banking at Louisiana State University, where he currently serves as president of the school. In May 2019, Hudgins was appointed by the Supreme Court of Florida to be one of two nonattorneys serving on the Board of Governors of the Florida Bar, which regulates the 110,000-plus attorneys in the state of Florida. Hudgins has served as a member of the Executive Committee of the Southern Baptist Convention for six years, the Sarasota County Planning Commission for 12 years, and the City of Sarasota Police Pension Fund for 12 years. He is past chairman of the Advisory Board for the Salvation Army in Sarasota, and a past chairman of the Housing Authority of the City of Sarasota. A native of Rome, Georgia, Hudgins graduated from Carson-Newman University in Jefferson City, Tennessee, with a degree in mathematics and served as a trustee for six years. He is also a graduate of the University of Virginia's Graduate School of Retail Bank Management.

Michael Johnson is an executive vice president in the Supervision, Regulation, and Credit Division of the Federal Reserve Bank of Atlanta. In this role, he oversees the Sixth District's supervision of state member banks, bank and financial holding companies, and U.S. branches and agencies of foreign banking operations. Johnson has spent his entire career with the Federal Reserve System and served in a number of leadership roles within banking supervision, including senior vice president at the Atlanta Fed and vice president and managing director of the large institutions group at the Federal Reserve Bank of San Francisco. Prior to that, he was an assistant vice president and director of the risk monitoring and analysis group. He began his career at the Federal Reserve Bank of Dallas, where he spent 10 years in bank supervision. In addition to his Atlanta Fed responsibilities, Johnson serves on the System's Supervision Committee and as cochair to the Supervision Performance and Planning Committee. A native of Texas, Johnson holds a bachelor's degree in economics and a Bachelor of Business Administration, both from the University of Texas at Austin.

John Pelick is a vice president in the Supervision, Regulation, and Credit Division of the Federal Reserve Bank of Atlanta. During his 16 years at the Atlanta Fed, Pelick has served in a variety of supervisory roles, most recently assuming responsibility of the Modeling, Analytics, and Research for Supervision team. In this capacity, he is responsible for overseeing development of risk analysis, utilization of advanced data visualization techniques, and application of quantitative approaches to meet evolving supervisory needs. Prior to his current role, Pelick served as officer-in-charge for one of the Federal Reserve's largest state member banks, with consolidated assets of more than $100 billion. Throughout his career, Pelick has led several high-priority initiatives within the Federal Reserve System, which include coordinated review activities of internal audit functions, mortgage servicing, and resource allocation. In 2012, he won the William Taylor Award for Excellence in Bank Supervision, the Federal Reserve System's highest honor for supervision professionals. Outside of the Federal Reserve, Pelick serves as vice chair on the board of directors for Sheltering Arms, a nonprofit organization that provides high‐quality early education, childcare, and comprehensive family support services to more than 3,500 children and their families in the metro Atlanta area. Before joining the Atlanta Fed, Pelick worked at SunTrust Bank. He received a bachelor's degree in business administration and computer science from the University of Florida.

Allan Perraud is a professional accounting fellow in the Division of Supervision and Regulation at the Federal Reserve Board of Governors. In this role, Perraud works on a variety of high-priority accounting projects and initiatives across the Federal Reserve System, other regulatory agencies, and various external stakeholders. Perraud joined the Federal Reserve in May 2020 from KPMG, with more than 11 years of professional experience in financial services and banking. He holds a Bachelor of Science degree in accounting and finance from the University of Maryland, and is a certified public accountant.

Domonic Purviance serves as a subject matter expert within the Supervision, Regulation, and Credit Division at the Federal Reserve Bank of Atlanta. In this function, Purviance is primarily responsible for conducting an ongoing assessment of risks associated with residential real estate markets and the potential impacts they may pose to the financial system. This includes analyzing conditions within individual markets as well as the impacts of external forces on real estate. In addition, Purviance is responsible for developing real estate–related analytical reports and tools utilized internally throughout the Federal Reserve System to aid in risk surveillance and banking supervision. Purviance also frequently engages in public outreach on behalf of the Federal Reserve by speaking at public conferences and events, as well as contributing commentary to the Beige Book, a publication produced by the Federal Reserve on economic conditions by district. Prior to joining the Federal Reserve, Purviance served as the president of Market Advisory Services, LLC, a research and consulting firm that provides analytics for developers, homebuilders, and lenders to assist in property valuations and to help assess the viability of submarkets for new development. Purviance also previously served as a senior consultant at Metrostudy, a residential real estate research company, where he was responsible for the firm's consulting operations in the Atlanta region. Purviance received his BA in urban planning from Morehouse College and his master's degree in city and regional planning from Georgia Tech.

Randal Quarles took office as a member of the Federal Reserve Board of Governors on October 13, 2017, to fill an unexpired term ending on January 31, 2018. He was reappointed to the Board and sworn in on July 23, 2018, for a term ending January 31, 2032. He was sworn in as vice chair for Supervision on October 13, 2017. His term as vice chair for Supervision ends on October 13, 2021. Quarles is also chair of the Financial Stability Board (FSB). He took office on December 2, 2018, to fill a three-year term. The FSB is an international body that monitors and makes recommendations about the global financial system. It also coordinates national financial authorities and international standard-setting bodies as they work toward developing strong regulatory, supervisory, and other financial sector policies. Quarles will serve on the Board and FSB simultaneously. Prior to his appointment to the Board, Quarles was founder and managing director of the Cynosure Group, a Utah-based investment firm. Before founding the Cynosure Group, he was a partner at The Carlyle Group, a private equity firm based in Washington, DC. From September 2005 to November 2006, Quarles served as undersecretary of the U.S. Department of the Treasury for Domestic Finance. Prior to serving as undersecretary, Quarles was assistant secretary of the Treasury for International Affairs from April 2002 to August 2005. During his tenure, he served as policy chair of the Committee on Foreign Investment in the United States. Before joining the Treasury, Quarles served as the U.S. executive director of the International Monetary Fund from August 2001 to April 2002. From January 1991 to January 1993, he served in the Treasury Department as a special assistant to the secretary of the Treasury for Banking Legislation and as deputy assistant secretary of the Treasury for Financial Institutions.