Lois Scott is a senior finance executive, entrepreneur, and civic leader. She serves on the boards of the Federal Home Loan Bank of Chicago (Chairperson of the Audit and Risk Management committees) and Sunrise Transportation. In addition, Lois sits on the advisory boards of other privately held financial services companies and serves as an advisor to Verizon on its Smart Communities solutions. From 2015-17, she served on the board of MBIA Inc. (Audit Committee and Finance and Risk Committee). She served as Vice Chair and Audit Committee Chair of the Chicago Stock Exchange, where she was a director from 2016-18, prior to its sale to the parent of the New York Stock Exchange. She is Chair of the Advisory Board of the Center for Municipal Finance at the Harris School of the University of Chicago, co-founder of the Municipal CFO Forum, a founding board member of Retirement Security Initiative, and is well known as one of the founders of Women in Public Finance.
Lois served as the Chief Financial Officer for the City of Chicago (2011-15), where she had financial oversight of essential City services, and served as trustee for public pension funds with assets of $5 billion and a $3 billion deferred compensation plan. Lois also served as special advisor to the Clinton Global Initiative on infrastructure. From 2002-2011, Lois was CEO of a national financial advisory firm that served large corporate and governmental clients. Prior to that, she served as President and Vice Chair of a technology company that provided a family of services to schools.
Lois started her career at First Chicago (now JPMorgan), where she was responsible for governmental, health care and higher education clients in an eight-state region. She also worked for Bank of America and Donaldson Lufkin & Jenrette, where she was a principal. Lois also helped launch Homeboyz Interactive in Chicago, a pioneering social enterprise that worked with gang-influenced youth, translating their street experiences into career success in the technology industry. In 1997, Lois was selected to serve as one of 15 White House Fellows and tasked with advising President Clinton’s administration on the financial crisis in Southeast Asia. She later chaired the Management Committee of the Export-Import Bank, responsible for management issues affecting the 450-person, $800 million organization.
Lois holds an MBA in Finance from Cornell Johnson Graduate School of Management and a BS/MBA in Economics and Finance from Cornell University.
Lois has served on the board and/or been involved with Better Government Association, Children’s Memorial Hospital (policy committee), Chicago Development Fund, Free the Children, WE.org, IFF, The Chicago Network, Leadership Greater Chicago, White House Fellows Association, DuSable Museum of African American History, Ed Paschke Arts Center, National Veterans Art Museum, National Louis University, Francis W. Parker School, Near North Montessori School, North Avenue Day Nursery, City Lit Theater Company and The Bond Club of Chicago, among others.