WASHINGTON — Diane Ellis, a 34-year veteran of the Federal Deposit Insurance Corp., is joining the fintech IntraFi.
Ellis, who departed from the FDIC at the end of May, will be “helping to lead new initiatives under development,” the company said. IntraFi, which provides cash and liquidity management solutions to financial firms, did not give any more details on the specifics of those initiatives.
“It’s terrific to be able to bring her on board, where her vast experience will be a significant asset as we offer new products and seek to grow further,” said Mark Jacobsen, co-founder and CEO of the company. Jacobsen is another FDIC alum, having served as the agency’s chief of staff, as well as the chief of staff at the Office of the Comptroller of the Currency.
The FDIC announced Ellis’ retirement from the agency, where she served as the director of the division of insurance and research, in January. As part of her role, Ellis was responsible for management of the Deposit Insurance Fund, regulatory analysis and banking data and statistics, among other areas.
Previously, Ellis was deputy director of financial risk management and research, and deputy to the vice chairman. She also led the FDIC’s efforts establishing the Temporary Liquidity Guarantee Program in the wake of the 2008 financial crisis, and helped the agency implement new powers granted in the Dodd-Frank Act.
She will begin at IntraFi in September.
“I’ve long admired IntraFi for the innovative work it does around deposits and providing liquidity to banks large and small,” Ellis said in a news release. “I’m excited to work on new products and services to help support the banking industry.”
