WASHINGTON – In a move that has left many questioning the Federal Deposit Insurance Corporation’s (FDIC) priorities, the agency has announced the appointment of five senior leadership positions amidst growing concerns over banking safety.
The promoted executives, including Ryan Billingsley, Matthew P. Reed, Alex LePore, Mark L. Handzlik, and Dan Marcotte, will be taking on key roles in the agency’s Division of Risk Management Supervision, General Counsel, Deputy to the Chairman for Policy, Special Advisor to the Chairman, and FDIC Ombudsman, respectively.
While the promotions have sparked widespread criticism over the FDIC’s handling of banking safety, none of the executives have been charged with any wrongdoing. However, the move has raised questions about the agency’s commitment to prioritizing the safety and soundness of the nation’s banking system.
Ryan Billingsley, the new Director of the FDIC’s Division of Risk Management Supervision, has been serving as Acting Director since March 2025. He previously worked in the private sector, serving in several roles in the banking and financial services industry. Billingsley holds a bachelor’s degree in economics from the University of Virginia, completed the Stonier Graduate School of Banking at the University of Pennsylvania, and is a Chartered Financial Analyst.
Matthew P. Reed, the newly appointed FDIC General Counsel, has been serving as Acting General Counsel since January 2025. He previously served as an executive in the Legal Division’s Emerging Technology, Anti-Money Laundering/Cyber Fraud Policy Group. Reed’s private sector experience includes serving in an executive role at a globally active bank.
Alex LePore, the new Deputy to the Chairman for Policy, rejoined the FDIC in January 2024 as a Deputy to the Vice Chairman. LePore will continue to oversee the development and execution of regulatory initiatives and coordinate with internal and external stakeholders on matters of policy. LePore has held previous roles in the public and private sector, including at a major law firm and the U.S. Senate Committee on Banking, Housing, and Urban Affairs.
Mark L. Handzlik, the newly appointed Special Advisor to the Chairman, was appointed as a Deputy to the Vice Chairman in January 2023 and has continued to serve as a key policy advisor to the Acting Chairman. As Special Advisor, Handzlik will provide policy analysis and development and strategic counsel on a range of issues.
Dan Marcotte, the new FDIC Ombudsman, is a 35-year FDIC veteran. He will serve as an independent, neutral, and confidential liaison between the agency and any person or entity experiencing problems with the FDIC’s supervisory, examination, or resolution activities.
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Key Facts
- Agency: FDIC
- Category: Financial Crimes
- Source: Official Source â†â€â€ÂÂ
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