General Counsel Out at FDIC

Michael Bradfield is resigning his post as general counsel of the Federal Deposit Insurance Corp. (FDIC), effective August 13. He served in the capacity since May 2009. “Mike’s broad professional experience has brought immense value to the FDIC on a host of legal and policy issues,” said FDIC chairman Sheila Bair. “His knowledge of domestic and international banking issues and command of the regulatory framework has served the FDIC well through a period of challenging resolution activity and the many legal issues stemming from these bank failures.” Bair added: “Mike has also added his unique perspective to the Corporation’s engagement in the financial reform debate, particularly in supporting a strong Volcker rule to guard against excessive risk taking by insured depository institution.” Bradfield previously served as a partner at Jones Day, where he focused on domestic and international banking, mergers and acquisitions, federal bank regulatory matters and international trade. He also held the distinction of general counsel of the Federal Reserve Board — serving both chairman Paul Volcker and Alan Greenspan. He also served as assistant general counsel of the Treasury Department from 1968 to 1975. His departure from the FDIC arrives as the senior advisor for markets to Bair Joseph Jiampietro announced he is also leaving his post. Write to Diana Golobay.