WASHINGTON Former Federal Deposit Insurance Corp. Chairman Sheila Bair will serve on the board of the RAND Corp. starting in April, the nonprofit research organization announced Tuesday.
Bair ran the FDIC from 2006 to 2011, leading the agency through the financial crisis and the biggest wave of bank failures since the savings and loan crisis. Previously, she was assistant secretary for financial institutions at the Treasury Department, and a professor at the University of Massachusetts Amherst's Isenberg School of Management. After leaving the FDIC, Bair joined the Pew Charitable Trusts as a senior advisor. At Pew, Bair formed the Systemic Risk Council, a group of former policymakers and other outside experts who weigh in on the implementation of financial regulatory reform.
"Her knowledge, experience and stature will help RAND strengthen and expand its policy research agenda, and deliver actionable recommendations to policymakers around the world," Michael D. Rich, RAND's president and chief executive officer, said in a press release.