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Bank Policy Institute names new general counsel

WASHINGTON — The Bank Policy Institute is promoting John Court to serve as the trade group's general counsel.

Court, who has been deputy general counsel at the organization since its inception last year, will succeed Jeremy Newell in July. Newell is departing for the law firm Covington & Burling.

Court previously served as the deputy general counsel to BPI’s predecessor organization, The Clearing House, beginning in 2012. Before that he worked in private practice for 10 years.

Court is “obviously well known to our members and the regulators as well,” said Greg Baer, the institute's president and CEO.

Newell currently holds the chief operating officer role in addition to general counsel, but BPI will look to hire a separate COO after he leaves, Baer said.

“Now we’re in a more steady state, we’ll go ahead and hire a regular chief operating officer to do that sort of work and allow John to focus on his general counsel and regulatory affairs duties,” Baer said.

Newell will join Covington in July as a partner in the financial services group, where he will focus on topics including bank regulatory issues, bank M&A and compliance.

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