Former acting Comptroller Blake Paulson leaving OCC

Blake Paulson, a senior official at the Office of the Comptroller of the Currency who briefly served as its interim chief last year, will retire from the agency at the end of August. 

Paulson, who joined the OCC in 1986, is now the senior deputy comptroller for supervision risk and analysis. He was the acting comptroller after the departure of Trump-appointee Brian Brooks and ahead of President Biden’s appointment of current acting Comptroller Michael Hsu. 

PAULSON-BLAKE-OCC-062422
Blake Paulson, retiring from OCC

Before and after his stint as acting comptroller, he was the agency’s chief operating officer, a position that the OCC eliminated last year in a bid to “enhance the agency’s efficiency and effectiveness” by bringing key bank supervision units directly under Hsu’s control. 

Beginning in July, Jay Gallagher, the deputy comptroller systemic risk identification support and specialty supervision, will take over as acting senior deputy comptroller. 

Sydney Menefee, senior deputy comptroller for midsize and community bank supervision, has also announced her intent to leave the agency. Menefee recently led the OCC’s reorganization of oversight of small and midsize banks, including putting novel banks and technology service providers under the purview of a single deputy comptroller. 

She will be replaced by Beverly Cole, deputy comptroller for the northeast district, on an acting basis. 

Senior Deputy Comptroller for Management and Chief Financial Officer Kathy Murphy will participate for up to a year in a sabbatical for executives “who have demonstrated exceptional leadership and service to the agency.” Peggy Sherry, principal deputy comptroller for management and deputy CFO, will step in as acting senior deputy comptroller for management and CFO. 

For reprint and licensing requests for this article, click here.
Politics and policy Regulation and compliance OCC
MORE FROM AMERICAN BANKER