The Federal Deposit Insurance Corporation (FDIC) has announced the retirement of John Conneely, the Director of the Division of Complex Institution Supervision and Resolution (CISR), marking the end of a nearly 35-year career at the agency. Conneely’s tenure has been marked by leadership in protecting the stability of the U.S. financial system through his oversight of large complex financial institutions.
“John has dedicated his professional career to the FDIC’s mission,” said FDIC Chairman Martin J. Gruenberg. “His leadership, experience, and depth of knowledge have been extraordinarily valuable.”
Conneely began his career at the FDIC in 1989 as a bank examiner in New York City and was instrumental in establishing CISR in 2019. His leadership roles within the agency have included serving as Regional Director for the Chicago Region, Deputy Regional Director for the New York Region, and Acting Associate Director for Resolution Planning in the Office of Complex Financial Institutions.
In addition to his FDIC duties, Conneely served as a Banking Policy Advisor to the U.S. Department of Treasury and was an instructor at FDIC Corporate University. He expressed gratitude for his time with the agency: “It has truly been a privilege to work alongside individuals of such integrity and commitment,” he said.
FDIC’s CISR division plays a crucial role in the oversight and management of large financial institutions, ensuring they remain stable and do not threaten the broader economy. Conneely’s retirement will undoubtedly leave a significant void in the agency’s leadership team.
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Key Facts
- Agency: FDIC
- Category: Public Corruption|White Collar Crime
- Source: Official Source ↗
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