John Bovenzi, the Federal Deposit Insurance Corp.'s chief operating officer and most senior career official, told employees Thursday that he plans to leave the agency.

In a brief internal agency memo obtained by American Banker, the roughly 30-year veteran said he would depart "in several weeks to pursue a new career."

Bovenzi did not indicate his next move, but sources say he is leaving to become a partner at Oliver Wyman, a management consulting firm.

Bovenzi started at the FDIC before the savings and loan crisis, and rose through the industry ranks as the agency was tapped with a key role of cleaning up failed thrifts. He was a manager in the FDIC's research division in the early eighties, and later became the top deputy to former Chairman L. William Seidman.

Most recently, he took a hiatus from the COO's job in July to become the chief executive officer of the FDIC's conservatorship of the failed IndyMac Bank.

The FDIC declined to comment about Bovenzi's departure.

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