PRESS RELEASE
Federal Deposit Insurance Corporation Each Depositor insured to at least $250,000
FOR IMMEDIATE RELEASE
February 11, 2011
Media Contact:
David Barr
(202) 898-6992
dbarr@fdic.gov
Congress created the Federal Deposit Insurance Corporation in 1933 to restore public confidence in the nation's
banking system. It promotes the safety and soundness of these institutions by identifying, monitoring and addressing
risks to which they are exposed. The FDIC receives no federal ta x dollars — insured financial institutions fund its
operations.
FDIC press releases and other information are available on the Internet at www.fdic.gov, by subscription electronically
(go to www.fdic.gov/about/subscriptions/index.html ) and may also be obtained through the FDIC's Public Information
Center (877-275-3342 or 703-562-2200). PR-30-2011
FDIC Announces Senior Leadership for the Office of Complex Financial
Institutions and Division of Consumer Protection
The Federal Deposit Insurance Corporation (FDIC) today announced the hiring of
additional key leadership staff for the Office of Complex Financial Institutions (CFI) and
the Division of Depositor and Consumer Protection (DCP). The FDIC Board of Directors
approved the establishment of two new organizations in August, 2010 to enhance the
Corporation's ability to carry out its new and enhanced responsibilities under the Dodd-
Frank Wall Street Reform and Consumer Protection Act. CFI will provide strategic
direction to the FDIC's new mission responsibilities under the Dodd-Frank Act to monitor
and address risks in the largest, systemically important financial institutions. DCP will
provide greater focus and visibility to the Corporation's depositor and consumer
protection programs.
Both organizations will begin formal operations on February 13, 2011. In addition, the
Division of Supervision and Consumer Protection (DSC) will become the Division of
Risk Management Supervision (RMS) on that date.
FDIC Chairman Sheila C. Bair said, "We have been working hard since the Board
established CFI and DCP to identify strong executive management teams to lead both
organizations. I previously announced the selections of Jim Wigand as CFI Director and
Mark Pearce as DCP Director. We have now identified talented individuals to fill most of
the other key leadership positions in the two organizations."
The staffing announced today includes:
Office of Complex Financial Institutions
Federal Deposit Insurance Corporation Each Depositor insured to at least $250,000
FOR IMMEDIATE RELEASE
February 11, 2011
Media Contact:
David Barr
(202) 898-6992
dbarr@fdic.gov
Congress created the Federal Deposit Insurance Corporation in 1933 to restore public confidence in the nation's
banking system. It promotes the safety and soundness of these institutions by identifying, monitoring and addressing
risks to which they are exposed. The FDIC receives no federal ta x dollars — insured financial institutions fund its
operations.
FDIC press releases and other information are available on the Internet at www.fdic.gov, by subscription electronically
(go to www.fdic.gov/about/subscriptions/index.html ) and may also be obtained through the FDIC's Public Information
Center (877-275-3342 or 703-562-2200). PR-30-2011
FDIC Announces Senior Leadership for the Office of Complex Financial
Institutions and Division of Consumer Protection
The Federal Deposit Insurance Corporation (FDIC) today announced the hiring of
additional key leadership staff for the Office of Complex Financial Institutions (CFI) and
the Division of Depositor and Consumer Protection (DCP). The FDIC Board of Directors
approved the establishment of two new organizations in August, 2010 to enhance the
Corporation's ability to carry out its new and enhanced responsibilities under the Dodd-
Frank Wall Street Reform and Consumer Protection Act. CFI will provide strategic
direction to the FDIC's new mission responsibilities under the Dodd-Frank Act to monitor
and address risks in the largest, systemically important financial institutions. DCP will
provide greater focus and visibility to the Corporation's depositor and consumer
protection programs.
Both organizations will begin formal operations on February 13, 2011. In addition, the
Division of Supervision and Consumer Protection (DSC) will become the Division of
Risk Management Supervision (RMS) on that date.
FDIC Chairman Sheila C. Bair said, "We have been working hard since the Board
established CFI and DCP to identify strong executive management teams to lead both
organizations. I previously announced the selections of Jim Wigand as CFI Director and
Mark Pearce as DCP Director. We have now identified talented individuals to fill most of
the other key leadership positions in the two organizations."
The staffing announced today includes:
Office of Complex Financial Institutions
Jason C. Cave as Deputy Director for Complex Financial Institutions Monitoring in CFI.
He has been with the FDIC since 1993 and currently serves as the Deputy to the
Chairman. In that capacity, he has been responsible for coordinating various FDIC
Board functions and spearheading several large bank initiatives. Mr. Cave previously
managed the Capital Markets Branch in DSC, where he led the Corporation's Basel II
capital policy efforts. He has served on several international and domestic policy
groups, including the Basel Committee on Banking Supervision's Policy Development
Group. Mr. Cave is a graduate of Bryant College and is a CFA Charterholder.
Mary Patricia ("MP") Azevedo has been selected as Deputy Director for International
Coordination in CFI. She has worked in international affairs for over 30 years. Ms.
Azevedo currently serves as the Associate General Counsel and Senior Vice President
(International) for The Western Union Company. Prior to beginning her association with
Western Union in 1999, she served 18 years in private legal practice as an associate
and a partner representing banks, financial services firms and international corporations
in a broad range of matters. Ms. Azevedo is a graduate of Connecticut College, holds a
Master's degree in Law and Diplomacy from the Fletcher School at Tufts University and
a J.D. from the University of North Carolina at Chapel Hill.
Division of Depositor and Consumer Protection
Sylvia H. Plunkett has been selected as Senior Deputy Director for Compliance and
CRA Examinations in DCP. Ms. Plunkett is a 32-year veteran of the FDIC currently
serving as Associate Director for Compliance Examinations in DSC, where she
previously served as Regional Director in the Chicago Region and Deputy Regional
Director for Compliance in the Dallas Region. She also served as Regional Director in
the Memphis Region for the former Division of Compliance and Consumer Affairs. Ms.
Plunkett is a graduate of Mississippi State University, the School of Bank Administration
at the University of Wisconsin-Madison, and the Federal Executive Institute's
Leadership for a Democratic Society program.
Jonathan N. Miller has been selected as Deputy Director for Policy and Research in
DCP. He has worked for the U. S. Congress in a variety of leadership positions for more
than 23 years. He is currently serving as Team Leader for the Consumer Protection
Team on the Senate Banking Committee's Housing Subcommittee. He previously
served as Minority Staff Director of the Senate Banking Committee's Housing
Subcommittee, Legislative Director and Administrative Assistant for Congressman Joe
Kennedy, Legislative Director for the House Committee on Ways and Means, and
Senior Legislative Assistant for Representative Charles Schumer. Mr. Miller is a
graduate of Georgetown University and has a Master's degree in Public Policy from the
Harvard University's John F. Kennedy School of Government.
Keith S. Ernst has been selected as Associate Director for Consumer Research and
Examination Support in DCP. He will join the FDIC from the Center for Responsible
Lending in North Carolina, a nationally recognized research and policy organization,
where he is currently the Director of Research. He has also served as the organization's
He has been with the FDIC since 1993 and currently serves as the Deputy to the
Chairman. In that capacity, he has been responsible for coordinating various FDIC
Board functions and spearheading several large bank initiatives. Mr. Cave previously
managed the Capital Markets Branch in DSC, where he led the Corporation's Basel II
capital policy efforts. He has served on several international and domestic policy
groups, including the Basel Committee on Banking Supervision's Policy Development
Group. Mr. Cave is a graduate of Bryant College and is a CFA Charterholder.
Mary Patricia ("MP") Azevedo has been selected as Deputy Director for International
Coordination in CFI. She has worked in international affairs for over 30 years. Ms.
Azevedo currently serves as the Associate General Counsel and Senior Vice President
(International) for The Western Union Company. Prior to beginning her association with
Western Union in 1999, she served 18 years in private legal practice as an associate
and a partner representing banks, financial services firms and international corporations
in a broad range of matters. Ms. Azevedo is a graduate of Connecticut College, holds a
Master's degree in Law and Diplomacy from the Fletcher School at Tufts University and
a J.D. from the University of North Carolina at Chapel Hill.
Division of Depositor and Consumer Protection
Sylvia H. Plunkett has been selected as Senior Deputy Director for Compliance and
CRA Examinations in DCP. Ms. Plunkett is a 32-year veteran of the FDIC currently
serving as Associate Director for Compliance Examinations in DSC, where she
previously served as Regional Director in the Chicago Region and Deputy Regional
Director for Compliance in the Dallas Region. She also served as Regional Director in
the Memphis Region for the former Division of Compliance and Consumer Affairs. Ms.
Plunkett is a graduate of Mississippi State University, the School of Bank Administration
at the University of Wisconsin-Madison, and the Federal Executive Institute's
Leadership for a Democratic Society program.
Jonathan N. Miller has been selected as Deputy Director for Policy and Research in
DCP. He has worked for the U. S. Congress in a variety of leadership positions for more
than 23 years. He is currently serving as Team Leader for the Consumer Protection
Team on the Senate Banking Committee's Housing Subcommittee. He previously
served as Minority Staff Director of the Senate Banking Committee's Housing
Subcommittee, Legislative Director and Administrative Assistant for Congressman Joe
Kennedy, Legislative Director for the House Committee on Ways and Means, and
Senior Legislative Assistant for Representative Charles Schumer. Mr. Miller is a
graduate of Georgetown University and has a Master's degree in Public Policy from the
Harvard University's John F. Kennedy School of Government.
Keith S. Ernst has been selected as Associate Director for Consumer Research and
Examination Support in DCP. He will join the FDIC from the Center for Responsible
Lending in North Carolina, a nationally recognized research and policy organization,
where he is currently the Director of Research. He has also served as the organization's