FDIC Hires Senior Advisor to Chairman Bair

The FDIC, which is seeing an expanded role in the bank bailout, announced the hiring of Joseph A. Jiampietro as Senior Advisor for Markets to FDIC Chairman Sheila Bair. In this new position, Mr. Jiampietro will provide the Chairman with policy and legal advice relating to complex financial transactions, bid structures, and capital markets.

Mr. Jiampietro previously served as Managing Director of the Financial Institutions Group at J.P. Morgan in New York since 2007, with responsibility for delivering merger and acquisition and corporate finance advice to depository institutions. Prior to joining J.P. Morgan, Mr. Jiampietro was a Managing Director in the Financial Institutions Group of UBS Investment Bank, where he was also head of Financial Institution Capital Markets.

In announcing the position, Chairman Bair said, "I believe that the FDIC will benefit greatly from Mr. Jiampietro's extensive markets and transactional expertise as the Corporation assumes broader responsibilities in significant and complex financial programs. We are pleased to have him join our team."

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