FDIC Announces Senior Personnel Changes

Explore:  FDIC Risk Management

On June 17, the FDIC announced that Arthur J. Murton will replace James Wigand, Director of the Office of Complex Financial Institutions, who plans to retire. Mr. Murton most recently served as the Director of the Division of Insurance and Research where he has been responsible for, among other things, leading the agency’s efforts in assessing economic and financial sector risks to the banking industry, developing and overseeing risk-based deposit insurance pricing and overall insurance fund management, and overseeing the collection and publication of bank financial information. Diane Ellis will serve as the new Director of the Division of Insurance and Research, where she currently serves as Deputy Director for Financial Risk Management and Research.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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