FDIC Names Stephen A. Quick Chief Risk Officer

Federal Deposit Insurance Corporation (FDIC) Chairman Sheila C. Bair, in her last day as chair of the FDIC, announced the appointment of Stephen A. Quick as the agency's first chief risk officer, effective Aug. 15, 2011. "I'm very pleased to have established the position of chief risk officer at the FDIC and to announce the selection of Stephen for the position," said Bair. "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." Since 2000, Quick has been director, Office of Evaluation and Oversight at the Inter-American Development Bank, a $100 billion multilateral finance institution. In his role as director, he was responsible for oversight of policies, systems, processes and institutional arrangements that affect the bank's ability to accomplish its mission. His principal focus was on the management and mitigation of operational, reputational, fiduciary and mission risks. From 1993-2000, Quick served as manager-strategic planning and budget at the Inter-American Development Bank. Prior to joining the Inter-American Development Bank, Quick spent eight years serving the Joint Economic Committee of Congress as its executive director. In this role, he was responsible for providing analytical and legislative advice to the Committee's Chairman and overseeing studies and reports on the full range of economic policy issues coming before Congress. He also previously served as chief economist to the House Committee on Banking, Finance and Urban Affairs.