FDIC announces departure of general counsel, who had served for four years

The general counsel for the federal insurer of bank deposits is leaving after four years in the post, the agency announced Monday; the agency gave no indication of why he is leaving, or where he is going.

In a release, the Federal Deposit Insurance Corp. (FDIC) said General Counsel Charles Yi would leave the agency at the end of March; he was appointed the top lawyer at the agency in January, 2015.

Board Chairman Jelena McWilliams, in a statement, noted the agency benefitted from Yi’s “insight, leadership and past experiences.” Yi is a former staff director and chief counsel for the Senate Banking Committee, former deputy assistant Treasury secretary for banking and finance, and former counsel for the House Financial Services Committee, the FDIC noted. He is also a former Army officer.

“He has been involved in numerous rulemakings, enforcement actions, and litigation with a steady focus on the FDIC’s mission and mandate,” McWilliams’ statement said. “I wish him well in his future endeavors.”

FDIC General Counsel Charles Yi to Leave the FDIC