The Federal Deposit Insurance Corp. on Monday named Mark Jacobsen chief of staff, a newly created position.

Mr. Jacobsen, 34, held the same job at the Office of the Comptroller of the Currency, where he worked from 1993 to 1998. He began his career at the Covington & Burling law firm here, where Eugene Ludwig was a partner before becoming comptroller. Mr. Jacobsen left the agency to join Mr. Ludwig at Bankers Trust Co., which was acquired by Deutsche Bank this year. Mr. Jacobsen was a managing director at the bank.

FDIC Chairman Donna Tanoue said in a statement that she hired Mr. Jacobsen to help the agency adjust to the new law allowing banks, securities firms, and insurance companies to affiliate.

"With the signing of the Gramm-Leach-Bliley Act, the FDIC is taking on new supervisory challenges," she said. "Mark will assist me in directing our efforts in this new environment."

Mr. Jacobsen is a graduate of Harvard Law School and holds a bachelor's degree in physics from Wheaton College in Wheaton, Ill.

-- Barbara A. Rehm

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