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Federal Reserve Expected to Appoint Randall Guynn as Director of Supervision

Guynn, a former Davis Polk partner and advisor to Governor Bowman, would replace Michael Gibson, marking the first external hire for the role since at least 1977 pending a board vote.

Summary

The Federal Reserve is expected to appoint Randall Guynn as its new Director of Supervision, replacing Michael Gibson pending a board vote. Guynn, a veteran Wall Street banking lawyer and former Davis Polk partner who advised Governor Bowman, would be the first outsider to lead the division since at least 1977.

Terms & Concepts
  • Federal Reserve: The central banking system of the United States responsible for conducting monetary policy and supervising financial institutions.
  • Director of Supervision: A senior official at the Federal Reserve who leads the division responsible for overseeing banking organizations and ensuring financial stability.