OCC taps Fed to replace departing senior deputy comptroller/chief counsel

Benjamin W. McDonough will take the post of senior deputy comptroller and chief counsel at the Office of the Comptroller of the Currency (OCC) June 7, the OCC announced Monday.

The agency said McDonough, who will be coming over from the Fed, will replace Jonathan Gould, who has held the position at the OCC since December 2018 and now plans to return to the private sector.

McDonough was associate general counsel in the Federal Reserve Board’s legal division. The OCC said McDonough joined the Fed in 2008 and has worked on regulatory and supervisory matters such as the Fed’s stress testing program rules and has acted as legal advisor the Federal Reserve’s large bank supervision program.

The OCC said McDonough also served as acting special advisor to the vice chair for supervision, Randal K. Quarles, and from August 2014 through July 2015 was a secondee to the European Central Bank’s Legal Division.

Before working at the Fed, McDonough senior attorney at the Federal Deposit Insurance Corp. (FDIC). He holds a Juris Doctor from the University of Michigan Law School and a Master of Public Policy and Bachelor of Arts from the University of Michigan.

Benjamin W. McDonough Named OCC Chief Counsel