FDIC’s General Counsel Announces Resignation

FDIC's General Counsel Announces Resignation Michael H. Krimminger, general counsel of the Federal Deposit Insurance Corp. (FDIC), has announced that he will be leaving the agency later this month to join the law firm of Cleary Gottlieb Steen & Hamilton as a partner in its Washington, D.C., office.

Krimminger was named acting general counsel in November 2010 and was promoted to his current position in February 2011. Previously, he served as the FDIC's special advisor for policy and then deputy for policy to former Chairwoman Sheila C. Bair and the board of directors. His last day at the FDIC will be May 25.

‘Mike has been instrumental in developing major policy initiatives during the most challenging time in the FDIC's history, including the FDIC's new Orderly Liquidation Authority under the Dodd-Frank Act,’ says Acting Chairman Martin J. Gruenberg. ‘His leadership and extensive expertise in banking and financial institution crisis and resolution, mortgage finance, international coordination, capital markets, and legal issues have been invaluable to the FDIC during his many years of public service at the agency.’

Richard Osterman, deputy general counsel, will serve as acting general counsel until a replacement is named.


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