WASHINGTON — The Federal Deposit Insurance Corp. said Thursday that Charles Yi has been appointed as the agency's general counsel.

Yi previously served as staff director and chief counsel for the Senate Banking Committee. He succeeds Michael Krimminger, who stepped down as general counsel in May 2012. The FDIC said Richard Osterman, who has been leading the legal division on an acting basis, will return to his former position as deputy general counsel.

Yi has held numerous positions both in the public and private sectors. Before working for the Banking Committee, he was deputy assistant secretary for banking and finance at the Treasury Department. Yi was also counsel for the House Financial Services Committee.

Before entering the public sector, Yi had stints at Wilmer Cutler Pickering Hale and Dorr LLP in Washington, D.C. — where he practiced banking, corporate and securities law — and at Wachtell, Lipton, Rosen & Katz in New York, N.Y.

Yi served as a captain and lieutenant in the U.S. Army and has a Juris Doctor from Columbia University School of Law; a Masters in public affairs from Princeton University and a Bachelor of Science in Electrical Engineering and Nuclear Engineering from the University of California, Berkeley.

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