Michael Sullivan Named Senior Deputy Comptroller for Economics

WASHINGTON—Acting Comptroller of the Currency Keith A. Noreika today announced that Michael Sullivan will become the agency’s Senior Deputy Comptroller for Economics on June 11, 2017.

As Senior Deputy Comptroller for Economics, Mr. Sullivan will be a member of the agency’s Executive Committee.

Mr. Sullivan currently serves as Deputy Comptroller for Risk Analysis. In that role, Mr. Sullivan provides executive oversight and expertise regarding modeling of credit risk, compliance risk, market risk, and enterprise-wide risk. He has served as a key advisor and technical expert on practical and policy issues related to the use of quantitative models by banks and the oversight of banks’ risk models by supervisors.

“The agency is fortunate to have someone as skilled and experienced to fill this important role,” said Acting Comptroller Noreika. “I am confident that under Michael’s leadership the Economics Department will continue to make critical contributions to the OCC’s mission. He has a deep understanding of bank supervision and how sound economic analysis can contribute to a more safe and sound federal banking system.”

Mr. Sullivan joined the OCC in 1999 as a Financial Economist, became Deputy Director for Market Risk Modeling in 2004, and Director of the Market Risk Analysis Division in 2008. Before joining the agency, he taught economics at the Florida International University in Miami. He earned his bachelor’s degree in economics from Stanford University and his doctorate in economics from Yale University.

Mr. Sullivan will succeed David Nebhut, who will retire in July after 37 years with the Office of the Comptroller of the Currency.