In an announcement Friday, U.S. Treasury Secretary Tim Geithner announced that when Comptroller of the Currency John C. Dugan leaves office on August 14, John G. Walsh will step in to take over this role.[IMAGE]
""As DSNews.com previously reported"":http://dsnews.comarticles/occs-dugan-to-leave-post-on-august-14-2010-07-08, Dugan's departure comes as his five-year term as 29th Comptroller of the Currency draws to a close.
Walsh will assume this new role from his current position as chief of staff and public affairs for the Office of the[COLUMN_BREAK]
Comptroller of the Currency (OCC), a title he has held since October 17, 2005. During this time, Walsh has been engaged in all aspects of the OCC's operations.
Prior to joining the OCC, Walsh held various positions with the Group of 30, a consultative group that focuses on international economic and monetary affairs. He joined the group in 1992 and was appointed as executive director in 1995.
Walsh also served on the Senate Banking Committee from 1986 to 1992 and as an international economist for the U.S. Department of Treasury from 1984 to 1986. In addition, he served with the Office of Management and Budget as an international program analyst, with the Mutual Broadcasting System, and in the U.S. Peace Corps in Ghana.
According to a ""statement released by the Treasury Department"":http://www.treasury.gov/press/releases/tg787.htm, Walsh's experience in OCC management and the international arena made him a strong fit for his new role. The statement noted that this experience will be particularly critical as the OCC moves forward to implement the Dodd-Frank legislation and works to establish new international bank capital standards.