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FDIC announces personnel changes

150px-US-FDIC-Logo.svgThe FDIC announced a number of personnel changes on Monday, including the retirement of James Wigand, the director of the FDIC’s complex financial institutions office.

Wigand, who has spent 32 years in federal service, will serve in the chairman’s office as a senior advisor until Sept. 30. He has led the OCFI in developing and planning resolution responsibilities for systemically important financial institutions.

Before taking his position in 2010, he served as the deputy director for franchise and asset marketing in resolution and receiverships, during which time he directed the sale of more than 300 deposit franchises and more than $600 billion in failed bank and thrift assets.

“I would like to extend my deep personal appreciation to Jim for his service to the FDIC,” FDIC Chairman Martin J. Gruenberg said. “Our agency and country have benefited greatly as a result of his outstanding work.”

The FDIC also announced a number of appointments, including the installment of Arthur J. Murton as the OCFI’s new director and Diane Ellis as the director of the division of insurance and research.

Murton previously served as the DIR director, where he was responsible for directing policy-oriented research, developing and overseeing risk-based deposit insurance pricing and overseeing the collection and publication of bank financial information. He joined the FDIC in 1986 as an economist.

Ellis is currently the deputy director for financial risk management and research in the DIR, where she leads the insurance funds management and deposit insurance pricing efforts, as well as oversees research and policy development in the banking industry. She began her career at the FDIC in 1988 as a bank examiner.

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