LAC du FLAMBEAU, Wis.—JULY 27, 2020—The LDF Business Development Corporation, the non-gaming business development arm of the Lac du Flambeau Band of Lake Superior Chippewa, today announced the arrival of Chief Financial Officer Frank Wolff.
“Frank has a wide spectrum of experience in financial services working with world-class organizations such as Citicorp, Sears Financial Group, and the FDIC,” LDF Tribal President Joseph Wildcat Sr. says. “We look forward him making a positive impact on the Tribe’s business development arm. His experience certainly will be an important part of our delivering on LDF BDC’s mission of revenue and job creation.”
Wolff, while at Citicorp, developed pricing models in support of mortgage portfolio trading and supervised accounting for $2 billion in loans serviced by others. At Sears Financial Group, he helped build Sears Mortgage Corporation as Vice President of Asset Allocation, and later as Vice President and Portfolio Manager of $6 billion Sears Savings Bank. At the FDIC, Wolff was Section Chief and had responsibilities in receivership oversight, asset marketing, and asset management.
Decades of professional experience coupled with academic credentials gives Wolff and impressive track record. He holds a Bachelor of Arts degree from Vassar College with a major in Political Science, and an MBA from SIU-Carbondale with an emphasis on finance. He also holds a certificate as a Certified Public Accountant issued by the Missouri State Board of Accountancy, and he’s a Registered Investment Advisor.
“I’m very excited to join the team at the LDF Business Development Corporation and their mission to create jobs and generate revenue for the Lac du Flambeau Tribe,” Wolff says. “I hope that my experience in corporate, non-profit, and government organizations gives me the foundation to add value and build on the LDF BDC’s successes.”
About LDF Business Development Corporation
The Business Development Corporation was created by the Lac du Flambeau tribe to mirror successful tribes, create jobs, and generate revenue outside of gaming. As an economic arm of the tribe, the BDC and businesses under its umbrella are designed to contribute to the general fund while at the same time, maintain investment capital for future projects/business ventures. Visit www.ldfbdc.com to learn more.