Sheila Bair Joins DLA Piper Following Stint with FDIC
Summary: The law firm of DLA Piper has announced that the former Chair of the Federal Deposit Insurance Corporation (FDIC), Sheila Bair, has joined the firm.
The law firm of DLA Piper has announced that the former Chair of the Federal Deposit Insurance Corporation (FDIC), Sheila Bair, has joined the firm, according to a press release.
Bair will work in the firm's Washington, D.C. office as a senior policy advisor. Bail will offer strategic advice to the law firm surrounding developments in financial markets. Bair will perform a majority of her work in the international practice and the pro bono initiatives of the firm.
Bair was the chair of the FDIC from 2006 to 2011 and worked to increase the confidence of the public and systemic stability during the recession. She served as the 19th chair of the FDIC.
"Sheila's experience in the public and private sectors related to banking and financial regulation is unmatched," said Jeffrey Hare, chair of DLA Piper's Financial Services Regulatory practice. "Her insight into the pressing regulatory issues will be a tremendous asset to the firm."
Bair has also worked as the assistant secretary for financial institutions within the United States Department of the Treasury, the senior vice president for government relations at the New York Stock Exchange, the commissioner of the CFTC and the deputy counsel and counsel to Senate Majority Leader Robert Dole from 1981 to 1988.
Thomas Boyd, the co-chair of the firm's Government Affairs practice said, "Sheila will be an outstanding resource for international clients, particularly those in the public sector, seeking her guidance on regulatory issues as well as deposit insurance and resolution regimes for troubled banks."
Bair is also the chair of the Systemic Risk Council, which is a public interest group that monitors the progress of financial reforms being implemented. She is also a senior advisor to the Pew Charitable Trusts.
Bair earned her law degree from the University of Kansas School of Law.