The Federal Deposit Insurance Corp. announced five new appointments Friday as it continues to implement the Dodd-Frank Act.
Last year, the FDIC created the Office of Complex Financial Institutions to deal with the FDIC's new resolution authority under the law, and later named agency veteran Jim Wigand to lead it. The FDIC then also established the Division of Depositor and Consumer Protection, hiring former state regulator Mark Pearce as director.
On Friday, the FDIC said the two new sections will be operational Feb. 13. As a result of the new consumer division, the existing Division of Supervision and Consumer Protection will be renamed to the Division of Risk Management Supervision.
Two deputies were named in the large-firm division. Jason Cave, currently a deputy to FDIC Chairman Sheila Bair, will become deputy director for complex financial institutions. Mary Patricia Azevedo, an international affairs expert and associate general counsel at The Western Union Co., will become deputy director for international coordination.
Meanwhile, three staff positions were announced in the consumer division. Sylvia Plunkett, a 32-year FDIC veteran, will become senior deputy director for compliance and Community Reinvestment Act examinations. Jonathan Miller, a senior staffer for the Senate Banking Committee, will become deputy director for policy and research. Keith Ernst, a research director at the Center for Responsible Lending, will join the division as an associate director for consumer research and examination support.
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