Bair Appoints FDIC General Counsel

Federal Deposit Insurance Corp. chairman Sheila Bair appointed Michael Bradfield the agency’s new General Counsel. The appointment was unanimously approved by the FDIC Board of Directors and became effective today. The FDIC General Counsel is in charge of the legal division, which is responsible for legal work on regulatory issues, as well as FDIC transactions, litigation, and corporate and commercial claims. “I’m very pleased to have Mr. Bradfield join the FDIC,” Bair said. “His depth of knowledge of domestic and international banking issues as well as his extensive expertise at the Federal Reserve Board and the U.S. Treasury will serve the FDIC well at a critical time.” Bradfield concentrated on domestic and international banking, mergers and acquisitions, federal bank regulatory matters and international trade during his time at law firm Jones Day,. Bradfield also served as General Counsel of the Federal Reserve Board in Washington, advising Chairman Paul Volcker and Chairman Alan Greenspan. He was responsible for the legal work of the Board, including the legal aspects of monetary policy formulation, regulation, litigation, enforcement, administration and legislation. Prior to becoming the Federal Reserve’s General Counsel, Bradfield was in private law practice with Cole Corrette & Bradfield. From 1968 to 1975, he served as Assistant General Counsel of the Treasury Department where he participated in the formulation of international monetary and trade policy. He also worked with the Multilateral Development Banks and the International Monetary Fund. Write to Kelly Curran at [email protected].