Jelena McWilliams was sworn in as the 21st Chairman of the FDIC on June 5, 2018. Ms. McWilliams was Executive Vice President, Chief Legal Officer, and Corporate Secretary for Fifth Third Bank in Cincinnati, Ohio. At Fifth Third Bank she served as a member of the executive management team and numerous bank committees including: Management Compliance, Enterprise Risk, Risk and Compliance, Operational Risk, Enterprise Marketing, and Regulatory Change.
Prior to joining Fifth Third Bank, Ms. McWilliams worked in the U.S. Senate for six years, most recently as Chief Counsel and Deputy Staff Director with the Senate Committee on Banking, Housing and Urban Affairs, and previously as Assistant Chief Counsel with the Senate Small Business and Entrepreneurship Committee.
From 2007 to 2010, Ms. McWilliams served as an attorney at the Federal Reserve Board of Governors, where she drafted consumer protection regulations, reviewed and analyzed comment letters on regulatory proposals, and responded to consumer complaints.
Before entering public service, she practiced corporate and securities law at Morrison & Foerster LLP in Palo Alto, California, and Hogan & Hartson LLP (now Hogan Lovells LLP) in Washington, D.C. In legal practice, Ms. McWilliams advised management and boards of directors on corporate governance, compliance, and reporting requirements under the Securities Act of 1933 and the Securities Exchange Act of 1934. She also represented publicly- and privately-held companies in mergers and acquisitions, securities offerings, strategic business ventures, venture capital investments, and general corporate matters.
Ms. McWilliams graduated with highest honors from the University of California at Berkeley with a B.S. in political science, and earned her law degree from U.C. Berkeley School of Law.
|Charles G. Cooper was appointed Texas Banking Commissioner by the Texas Finance Commission on December 1, 2008. His career in the banking industry spans almost 50 years and includes senior level positions in both the public and private sectors.
As Texas Banking Commissioner, his responsibilities include the chartering, regulation, supervision, and examination of 214 Texas state-chartered banks (as of December 31, 2022) with aggregate assets of approximately $426.6 billion. In addition, the Department supervises trust companies, foreign bank agencies and branches, prepaid funeral licensees, money service businesses, and perpetual care cemeteries. He has served in various positions with the Conference of State Bank Supervisors (CSBS). He was elected Chairman in 2016 and currently serves as Chairman Emeritus. In September 2018, state bank supervisors appointed him to serve as the state banking representative on the Financial Stability Oversight Council (FSOC) for a two-year term. He was re-appointed to this position in September 2020 and 2022. The Commissioner concluded his service on December 31, 2022, after representing state banking regulators’ perspective on several important issues, including climate-related financial risk and state-federal pandemic coordination. He also serves as the state representative on the Financial and Banking Information Infrastructure Committee (FBIIC) and is heavily involved in promoting cybersecurity efforts in the financial sector.
Mr. Cooper began his career in banking in 1970 with the Federal Deposit Insurance Corporation in the Dallas Region. He made the transition to the private sector in 1982 and since then has served as a banking executive, board member, educator, and professional consultant to the industry.
A native Texan, Mr. Cooper holds a BBA degree in Finance and Economics from Baylor University and is also a graduate of the Southwestern Graduate School of Banking at SMU.