US FDIC names director of new office of professional conduct

Published 10/16/2024, 01:46 PM
Updated 10/16/2024, 02:05 PM
© Reuters. FILE PHOTO: The Federal Deposit Insurance Corp (FDIC) logo is seen at the FDIC headquarters in Washington, February 23, 2011. REUTERS/Jason Reed/File Photo

NEW YORK (Reuters) - The Federal Deposit Insurance Corporation said on Wednesday its board of directors has approved the appointment of Hansel Cordeiro as director of a new Office of Professional Conduct. 

The appointment follows a scandal involving allegations of widespread sexual harassment and other misconduct at the agency which caused current Chair Martin Gruenberg to offer his resignation in May.

The FDIC created the new office in June to address and investigate complaints of sexual harassment and other misconduct and discipline those found to violate FDIC policies on harassment and retaliation, the agency said in a statement.

© Reuters. FILE PHOTO: The Federal Deposit Insurance Corp (FDIC) logo is seen at the FDIC headquarters in Washington, February 23, 2011. REUTERS/Jason Reed/File Photo

Cordeiro most recently served as executive director of accountability and strategic business management at the U.S. Federal Aviation Administration, where he led that agency's anti-harassment program, the FDIC said.

President Joe Biden earlier this year nominated Christy Goldsmith Romero, a former prosecutor and current member of the U.S. Commodity Futures Trading Commission, to replace Gruenberg. However her nomination has stalled in the U.S. Senate, where key Democrats are facing tough reelection battles.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.