President Biden Announces Key Nominations for Financial Regulation and Investor Protection
WASHINGTON – Today, President Joe Biden announced his intent to nominate the following individuals to serve in key roles:
- Saule Omarova, Nominee for Comptroller of the Currency, Department of Treasury
- Claudia Slacik, Nominee for Member, Securities Investor Protection Corporation
If confirmed, Omarova will be the first woman and person of color to serve as Comptroller.
Saule Omarova, Nominee for Comptroller of the Currency, Department of Treasury
Saule T. Omarova is the Beth and Marc Goldberg Professor of Law at Cornell University. She is the Director of the Program on the Law and Regulation of Financial Institutions and Markets of Cornell’s Jack Clarke Institute for the Study and Practice of Business Law. Professor Omarova’s scholarly work focuses on the regulation of financial institutions and markets, banking law, and political economy of finance. She is one of the country’s leading academic experts on issues related to regulation of systemic risk and structural trends in financial markets. Previously, she was the George R. Ward Associate Professor of Law at University of North Carolina at Chapel Hill and taught courses at Georgetown University Law Center.
Prior to joining academia, Professor Omarova practiced law in the Financial Institutions Group of Davis, Polk, & Wardwell, a premier New York law firm, where she specialized in a wide variety of corporate transactions and advisory work in the area of financial regulation. In 2006-2007, she served at the U.S. Department of the Treasury as a Special Advisor for Regulatory Policy to the Under Secretary for Domestic Finance. Professor Omarova holds a Ph.D. degree in Political Science from the University of Wisconsin at Madison and a J.D. degree from Northwestern University in Chicago. She is a member of the New York Bar.
Claudia Slacik, Nominee for Member, Securities Investor Protection Corporation
Claudia Slacik has had a career spanning over 30 years in the financial services sector. She has a breadth of experience in financial restructurings, risk management, corporate finance, trade finance and general management. She also has experience on boards of directors, both public and private, with an audit committee specialty.
Ms. Slacik has worked for JPMorgan, Citibank and Bankers Trust in New York and London. And, from 2013-2016, having been appointed by the Obama Administration, Ms. Slacik was the Chief Banking Officer of at the Export Import Bank of the United States. In 2018, she was a Fellow in Harvard’s Advanced Leadership Institute and she currently serves on the boards of Junior Achievement Worldwide and the Collegiate Churches of New York. She has degrees from Smith College and NYU and lives in New York City with her wife, Susan M. Davis.