FDIC announces retirement of top executive as agency awaits new chairman

The chief of staff and chief operating officer of the federal deposit insurance agency is retiring, likely in tandem with the completion of the tenure of the chairman of the organization’s board of directors.

Barbara A. Ryan, COO and CoS of the Federal Deposit Insurance Corp. (FDIC) – and deputy to outgoing Chairman Martin J. Gruenberg – is retiring effective April 30, the agency said Tuesday in a release.

Gruenberg’s term as chairman ended in November; he continues in the seat until the confirmation of Jelena McWilliams, nominated last year by President Donald Trump to succeed him. McWilliams’ nomination was approved by the Senate Banking Committee in February; her nomination now awaits confirmation by the full Senate, which returns from a state work period to full (non-pro forma) session the second week of April.

Gruenberg’s term as a member of the FDIC board runs to November of this year.

Ryan became FDIC chief of staff in July 2011 and deputy to the chairman and chief operating officer in January 2014, the agency said in a release. In fulfilling both roles, Ryan assisted the agency chairman in the overall operation of the agency, chaired numerous internal committees, and was instrumental in initiating several of the FDIC’s key employee engagement programs, FDIC said.

Previously, she served as deputy to the vice chairman from February 2006 to July 2011 and as associate director of regional operations in the FDIC’s Division of Insurance and Research from February 2005 to February 2006.

Ryan joined the agency in 2005; she previously served, in public and private positions, as an economist and executive.

FDIC Announces Retirement of Barbara A. Ryan, Deputy to the Chairman and Chief Operating Officer and Chief of Staff