WASHINGTON — Office of the Comptroller of the Currency's new acting head Keith Noreika has named longtime agency official Michael Sullivan as his new deputy comptroller for economics.

Sullivan, currently deputy comptroller for risk analysis, has worked at the OCC since 1999. He will begin in his new position on June 11.

“The agency is fortunate to have someone as skilled and experienced to fill this important role,” Noreika said in a press release Tuesday. “He has a deep understanding of bank supervision and how sound economic analysis can contribute to a more safe and sound federal banking system.”

In the risk analysis department, Sullivan oversaw the modeling of a number of risk factors, from credit to compliance and market. He has also advised on issues tied to banks' quantitative modeling and the supervision of their risk models.

Sullivan will succeed David Nebhut, who is to retire in July after spending 37 years at the agency.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.

Lalita Clozel

Lalita Clozel covers fintech regulation, anti-money-laundering, cybersecurity and the Federal Deposit Insurance Corp. in American Banker's Washington bureau.