A 39-year career at the federal bank deposit insurance agency for a top financial stability supervisor will come to an end May 31, the agency said Friday.
Arthur J. (“Art”) Murton, deputy to the chairman for financial stability and director of the division of Complex Institution Supervision and Resolution (CISR) will complete his service at month’s end at the Federal Deposit Insurance Corp. (FDIC), the agency said.
Murton, who holds a Ph.D. from the University of Virginia in economics, was named to that position in 2019, the agency said, in which he advised the agency’s board chairman and members on key policy issues affecting the FDIC and the banking system. He was named CISR director in October 2023. In that job, he oversaw the FDIC’s responsibilities related to systemically important financial institutions and insured depository institutions with assets of more than $100 billion.
Before that, the FDIC said, he held several other leadership roles at the agency, including as director of the division of insurance, the division of insurance and research, and the office of complex financial institutions. He joined the agency in 1986.
Among other things during his tenure at the agency, the FDIC said, he helped to establish the International Association of Deposit Insurers and was the FDIC’s first representative to that group. He also worked with the Financial Stability Board and has helped the FDIC develop strong bilateral relationships with key resolution authorities around the world, the FDIC said.
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