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Peter Schoels serves as a Director of the New York Community Bancorp, Inc. Board and on its bank subsidiary Board, Flagstar Bank, N.A. He joined Flagstarā€™s board in 2013. He is also a member of the Nominating and Corporate Governance and Technology Committees.

He has been a managing partner of MP Global Advisers since 2009 and a partner since 2002. He also serves on the investment committee of MaltinPatterson Global Advisors and is the portfolio manager of MatlinPattersonā€™s control and illiquid investments. Prior to MatlinPatterson, he was a vice president of Credit Suisseā€™s Global Distressed Securities Group, and before that, a director of Finance and Strategy of Itim Group Plc. Earlier in his career, he was manager of mergers and acquisitions for Ispat International NV, now ArcelorMittal.