Pascal Desroches has been elected to the Federal Reserve Bank of Dallas board of directors by its member banks. He will serve a three-year term starting January 1, 2024. In his role as a Dallas Fed board member, Desroches will provide insight into the region’s economy in support of the Federal Reserve’s monetary policy function.
Desroches has been senior executive vice president and chief financial officer at AT&T since April 2021. He was previously chief financial officer of WarnerMedia, a partner at KPMG and a professional accounting fellow at the U.S. Securities and Exchange Commission.
Desroches is an honors graduate of St. John’s University, where he received a bachelor’s degree in accounting. He received an MBA degree, with a concentration in corporate finance and management of organization, from the Graduate School of Business at Columbia University. Desroches serves on the United Way of Metropolitan Dallas board and is a member of the University of Texas Southwestern Medical Center President’s advisory board.
In addition, Robert A. Hulsey of Terrell has been re-elected to the Federal Reserve Bank of Dallas board. He will serve a second three-year term beginning January 1, 2024. He initially joined the board in January 2021.
Hulsey is president and CEO of Terrell-based American National Bank of Texas. He joined the bank in 1976 and was named president and CEO in 1989. Prior to his employment with American National Bank, Hulsey was employed by Texas Instruments for six years.
Hulsey is past chairman of the Independent Bankers Association of Texas (IBAT) and the IBAT Services board. He has also served as a director of the Federal Home Loan Bank of Texas, Texas Bankers Association and Southwestern Clearing House Association. Hulsey serves on the Kaufman County Children’s Shelter Foundation board, is president of the Terrell ISD Excellence Foundation and president of Partners in Education, a foundation supporting the North Dallas High School.
Each Federal Reserve Bank has a nine-member board of directors. Three members are elected by member banks to represent commercial banks, three are elected by member banks to represent the public and three are appointed by the Federal Reserve Board of Governors in Washington, D.C.