FDIC Announces New Chief Risk Officer

The FDIC recently announced the appointment of its first chief risk officer, Stephen A. Quick.

Quick comes to the FDIC from the Inter-American Development Bank, a $100 billion multilateral finance institution, where he served as director of the Office of Evaluation and Oversight since 2000 and the strategic planning and budget manager from 1993 to 2000.

Prior to joining the Inter-American Development Bank, Quick spent eight years as the executive director of the Joint Economic Committee of Congress and also served as chief economist to the House Committee on Banking, Finance and Urban Affairs.

"His depth of experience in both the finance and policy fields will benefit the FDIC as it formalizes and expands its corporate-wide risk management program," said FDIC chairman Sheila C. Bair in announcing the appointment.

Quick will begin his new role with the FDIC on August 15, 2011.