Brian P. Brooks Named OCC Chief Operating Officer

WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced Brian P. Brooks will become its next Chief Operating Officer and First Deputy Comptroller, effective April 1, 2020.

The designation as First Deputy Comptroller is made by Secretary of the Treasury Steven T. Mnuchin under his authority set forth in 12 USC § 4.

"Brian Brooks is a strong leader with extensive experience in the financial services sector," said Treasury Secretary Steven T. Mnuchin. "I look forward to working with him to ensure the stability of our financial system and its ability to foster greater economic growth for the benefit of all Americans."

"Brian brings an extensive career of legal, banking, and financial innovation expertise to the agency," said Comptroller of the Currency Joseph M. Otting. "He is a visionary thinker with a passion for service and a deep understanding of how the financial services industry supports our nation's prosperity. We are fortunate to attract such an experienced and talented individual to join our federal agency."

Mr. Brooks joins the OCC from Coinbase, Inc., where he has served as Chief Legal Officer since September 2018. He previously served as Executive Vice President, General Counsel, and Corporate Secretary of Fannie Mae. Mr. Brooks also served as a member of the senior executive team of OneWest Bank, N.A., from 2011 to 2014. Prior to joining OneWest, he served as managing partner of the Washington, D.C. office of O'Melveny & Myers LLP.

Mr. Brooks holds a bachelor's degree from Harvard University in government and a law degree from the University of Chicago. He will step down from the boards of directors of Fannie Mae, where he has served since March 2019, and Avant, where he has served since 2017, prior to joining the OCC.

Mr. Brooks will replace Morris Morgan, who announced his intent to retire at the end of April.

"Morris Morgan has dedicated his career to bettering this agency and promoting the safety and soundness of the federal banking system," Comptroller Otting said. "We will miss his voice and leadership on the agency's Executive Committee and wish him the very best."