Morris Morgan Named OCC’s Chief Operating Officer

WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced Morris Morgan as its new Senior Deputy Comptroller and Chief Operating Officer.

Comptroller of the Currency Joseph Otting created the Chief Operating Officer position as part of changes to the agency’s executive-reporting structure that result in greater coordination and integration of the agency’s bank supervision activities. The changes also position the agency to operate in a more efficient and effective manner as it continuously works to enhance the supervision of the federal banking system.

In this new role, the OCC bank supervision, bank supervision policy, economics, compliance and community affairs, and innovation units will report directly to Mr. Morgan. The agency’s legal, management, risk management, and other agency functions continue to report directly to the Comptroller. These changes are effective immediately.

“Morris is a strong leader with deep supervision experience as the head of Large Bank Supervision,” said Comptroller Otting. “In this new role, he will promote even greater collaboration among the units directly involved in bank supervision and position the agency to supervise banks, savings associations, and federal branches even more successfully in the future.”

Mr. Morgan has served as Senior Deputy Comptroller for Large Bank Supervision since December 2016. In this role, he oversaw the supervision of the nation’s largest, most complex, and internationally active banks that hold more than $10 trillion in assets. He also has served on the agency’s Executive Committee during that time.

During his OCC career, Mr. Morgan also served as Examiner-in-Charge of Bank of America and PNC and served as a Deputy Comptroller for Large Bank Supervision. He has held a variety of leadership roles with increasing responsibility related to supervisory information systems, data analytics, capital markets, asset management, and commercial credit.

Mr. Morgan joined the OCC in 1985 and became a commissioned National Bank Examiner in 1989. He earned the Chartered Financial Analyst designation in 1999 and holds a BBA in finance from Stephen F. Austin University in Nacogdoches, Texas.