We are pleased to announce that John F. Simonson, recent Deputy Director of the FDIC's Office of Complex Financial Institutions, has joined PwC as a partner in our Financial Services Regulatory Practice.
The Office of Complex Financial Institutions was established soon after Dodd Frank, allowing the FDIC to conduct its new resolution powers over failing systemically important bank holding companies and nonbank financial firms, and to monitor these institutions.
John led the Office's resolution efforts as Deputy Director for Systemic Resolution Planning & Implementation. He oversaw the review of living wills and development of plans for the rapid and orderly resolution of systemically important firms under both Titles I and II of Dodd Frank. He also led the FDIC's coordination efforts with the Federal Reserve and other government agencies on these efforts, and chaired the Office's Resolution Plan Review Committee.
John has over 25 years of experience in finance, capital markets, business operations, and planning. Before joining the FDIC, John served in senior positions at Chase, Goldman Sachs, Bear Stearns, and the US Export-Import Bank. He is a graduate of University of Chicago's Graduate School of Business and of Rice University, and studied at the London School of Economics.
John will advise our clients in recovery and resolution planning, and in overall risk and regulatory strategy.