Lee Smith joined Flagstar in May 2013 as chief operating officer. He brings to Flagstar extensive experience in financial management and operations. In his capacity as a partner with MP (Thrift) Global Advisers III, he served as an outside adviser to the Flagstar management team and the compliance committee of the Flagstar board of directors.


Prior to that role, he was a partner with MatlinPatterson Global Advisers LLC, the investment adviser to the MatlinPatterson family of private equity vehicles, where he worked with a number of portfolio companies across many industries.


Earlier in his career, he was a senior director at Zolfo Cooper LLC in New York, an advisory and interim management firm. Additionally, he served as a vice president in Ernst & Young’s national restructuring group in both New York and London.


His memberships include serving on the board of governors of Cranbrook Institute of Science, as well as the institute’s board of governors finance committee, and board of trustees finance committee. He also is a member of the Freddie Mac National Advisory board. His professional memberships include the Institute of Chartered Accounts in England and Wales.