Agency names new leader for complex institution division

John P. Conneely is now the director of the Federal Deposit Insurance Corp.’s (FDIC) division of complex institution supervision and resolution (CISR), replacing Ricardo R. (“Rick”) Delfin, who has run the department since its creation 18 months ago and is leaving for the private sector.

A 30-year veteran of the FDIC, the agency said, Conneely was “instrumental in establishing CISR” while serving as its acting senior deputy director. He has formerly held positions in the FDIC’s divisions of risk management supervision and insurance and research, and its office of complex financial institutions. He most recently served as regional director for the FDIC Chicago region.

He holds a Risk Management commission from the FDIC and both Bachelor and Master of Science degrees in banking and money management from Adelphi University.

Delfin, who has led the CISR since July 2019, previously served as director of the agency’s former office of complex financial institutions. Before joining the FDIC in 2014, he served as special counsel to the chairman of the U.S. Securities and Exchange Commission and senior counsel for the U.S. House of Representatives Committee on Financial Services. The FDIC said he is leaving the agency for new work in the private sector.

FDIC Announces Personnel Change in Its Division of Complex Institution Supervision and Resolution