Senior Advisor to Bair Out at FDIC

Joseph Jiampietro is leaving his post as senior advisor for markets to Federal Deposit Insurance Corp. (FDIC) chairman Sheila Bair, effective August 13. He served in this position since March of 2009. “Joe has given the FDIC invaluable service during a challenging time in the FDIC’s history,” Bair said. “His input on marketing and resolution strategies and substantive expertise on capital markets has contributed to the FDIC’s ability to address many complex and difficult failed bank resolutions. This in turn has provided stability to the banking system and maximized the FDIC’s ability to recoup money for the Deposit Insurance Fund.” She added: “While challenges remain for the banking system, the industry is returning to health and is much more stable… I appreciate Joe’s contributions and his dedication to public service and wish him the best of luck in all future endeavors.” Jiampietro previously served as managing director of the financial institutions group at JP Morgan (JPM) in New York since 2007, with responsibility for delivering merger and acquisition and corporate finance advice to depository institutions. Prior to that, he was a managing director in the financial institutions group of UBS Investment Bank (UBS), where he was also head of financial institution capital markets. Write to Diana Golobay. Disclosure: the author holds no relevant investments.