PRESS RELEASE | JUNE 30, 2023

FDIC Announces Retirement of John Conneely, Director of Division of Complex Institution Supervision and Resolution

WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) today announced the retirement of John Conneely following a nearly 35-year career at the agency including his leadership of the FDIC’s Division of Complex Institution Supervision and Resolution (CISR).

The FDIC Board of Directors appointed Mr. Conneely in January 2021 to lead a highly skilled team working to protect and maintain stability in the U.S. financial system by avoiding, and if necessary, managing, the failure of large complex financial institutions. “John has dedicated his professional career to the FDIC’s mission,” said FDIC Chairman Martin J. Gruenberg. “His leadership, experience, and depth of knowledge have been extraordinarily valuable to the FDIC and never more so than during our recent experience in resolving bank failures.”

Mr. Conneely said, “For nearly 35 years, I’ve worked with some of the finest people who have dedicated themselves to public service and the mission of the FDIC. It has truly been a privilege to work alongside individuals of such integrity and commitment."

Mr. Conneely began his FDIC career as a bank examiner in New York City in 1989 and was instrumental in establishing CISR in 2019. He held a variety of key leadership positions within the agency including: Regional Director for the Chicago Region; Deputy Regional Director for the New York Region; Assistant Regional Director for the New York Region. He also served as Acting Deputy Director for Risk Analysis & Pricing in the Division of Insurance and Research; Acting Associate Director for Complex Financial Institutions in the Division of Risk Management Supervision; and Acting Associate Director for Resolution Planning in the Office of Complex Financial Institutions.  He also served as a Banking Policy Advisor to the U.S. Department of Treasury, Office of International Banking & Securities Markets, and was an instructor at FDIC Corporate University.

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MEDIA CONTACT:

Brian Sullivan

202-412-1436

brsullivan@fdic.gov

FDIC: PR-53-2023

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