OCC getting new COO, who will be designated ‘first deputy comptroller’

Brian P. Brooks will become the next chief operating officer (COO) and first deputy comptroller (a position that is designated by the Treasury secretary) at the Office of the Comptroller of the Currency (OCC) beginning April 1, the banking regulator announced Monday.

The OCC said Brooks will replace Morris Morgan, who has announced his intent to retire at the end of April.

Brooks joins the OCC from Coinbase, Inc., where he has served as chief legal officer since September 2018. He previously served as executive vice president, general counsel, and corporate secretary of Fannie Mae. He also served as a member of the senior executive team of OneWest Bank, N.A., from 2011 to 2014. Prior to joining OneWest, he served as managing partner of the Washington, D.C., office of O’Melveny & Myers LLP.

The agency said Brooks will step down from the boards of directors of Fannie Mae, where he has served since March 2019, and Avant (an online lender), where he has served since 2017, prior to joining the OCC.

He holds a bachelor’s degree from Harvard University in government and a law degree from the University of Chicago.

Brian P. Brooks Named OCC Chief Operating Officer