Finance

Jelena McWilliams sworn in as FDIC chairman

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Jelena McWilliams has been sworn in as the 21st chairman of the Federal Deposit Insurance Corp. (FDIC). McWilliams was sworn in Tuesday (June five) and succeeds Martin Gruenberg, who served on the FDIC board given that Aug. 22, 2005, and was vice chairman and performing chairman right before starting to be chairman Nov. 29, 2012.

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“It is an honor and a privilege to sign up for the FDIC as chairman,” McWilliams reported in a assertion. “I seem ahead to doing work intently with my fellow board users and counterparts at other regulatory businesses.

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“I would like to thank Martin Gruenberg for his services, commitment and management for the duration of his just about 13 a long time at the FDIC.”

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Right before she joined the board, McWilliams was government vice president, main lawful officer and company secretary for Fifth 3rd Lender in Cincinnati. Beforehand, she was main counsel and deputy team director for the U.S. Senate Committee on Banking, Housing and City Affairs, assistant main counsel with the Senate Compact Business enterprise and Entrepreneurship Committee and an legal professional for the Federal Reserve Board of Governors.

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McWilliams also labored in company and securities legislation for Morrison &amp Foerster LLP in Palo Alto, Calif., and Hogan Lovells LLP in Washington, D.C. She attained a legislation diploma and a bachelor’s diploma in political science from the College of California, Berkeley.

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President Donald Trump appointed McWilliams to provide as chairman of the FDIC for a 5-12 months expression, and to a 6-12 months expression on the FDIC Board of Administrators.

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