Joseph Jiampietro, a key advisor on failed bank resolutions, is leaving the Federal Deposit Insurance Corp. after 16 months at the agency.
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The Wall Street veteran served as a senior advisor to FDIC Chairman Sheila Bair and he worked on finding buyers for failed banks and maximizing returns to the Deposit Insurance Fund.
The former J.P. Morgan managing director is stepping down Aug. 13.
"His input on marketing and resolution strategies and substantive expertise on capital markets has contributed to the FDIC's ability to address many complex and difficult failed bank resolutions," the FDIC chairman said.
