FDIC Senior Adviser to the Chairman will Leave This Month

Joseph A. Jiampietro, senior adviser to "" Federal Deposit Insurance Corporation"":http://www.fdic.gov/ (FDIC) chairman Sheila C. Bair will leave the FDIC on August 13.

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""Joe has given the FDIC invaluable service during a challenging time in the FDIC's history. 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,"" said FDIC chairman Sheila C. Bair.

""This in turn has provided stability to the banking system and maximized the FDIC's ability to recoup money for the deposit insurance fund. Joe has also offered market inside into all areas of policy to help guide and inform FDIC decisions,"" she said.

Bair continued, ""While challenges remain for the banking system, the industry is returning to health and is much more stable. Joe's counsel during those difficult times brought a unique and valued perspective to the FDIC. I appreciate Joe's contributions and his dedication to public service and wish him the best of luck in all future endeavors.""

Jiampietro has served as the senior adviser since March 2009, before that working as managing director of the financial institutions group at J.P. Morgan. Prior to joining J.P. Morgan he was a managing director in the financial institutions group at UBS Investment Bank. He has spent 11 years in investment banking, and also served as legal counsel with the United States Senate committee on banking, housing and urban affairs during the 104th Congress.