Diana Taylor (superintendent)

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Diana Taylor
42nd Superintendent of the New York State Banking Department
In office
June 10, 2003 – March 5, 2007
Governor George Pataki
Preceded by Elizabeth McCaul
Succeeded by Richard H. Neiman
Personal details
Born 1955 (age 58–59)
Greenwich, Connecticut, U.S.
Political party Republican
Domestic partner Michael Bloomberg
Residence Upper East Side, Manhattan,
New York City, New York, U.S.
Alma mater Dartmouth College
Columbia Business School

Diana Taylor (born 1955) is the former New York State Superintendent of Banks and the domestic partner of Mayor Michael Bloomberg.

Early life[edit]

Taylor's father was a Union Carbide biochemist and her mother a schoolteacher.[1] She attended Milton Academy, then went on to earn an A.B. in economics from Dartmouth College, and an MBA from Columbia Business School.[2]

Career[edit]

After graduating from Dartmouth, Taylor moved to New York City and obtained a job at the Department of Social Services.[1] Realizing that it was not the job she wanted, she applied to business school in a joint degree program that also included a public health degree.[1] While in business school, she worked nights and weekends as an administrator at St. Vincent's Hospital in Brooklyn and also worked at Smith Barney in its public finance department.[1] She received an offer for a full-time job at Smith Barney when she graduated from Columbia.[1] She then moved on to Lehman Brothers, followed by Donaldson Lufkin & Jenrette.[1]

In 1996, Taylor launched a career in the public sector and became assistant secretary to then Governor George Pataki.[1] After briefly working for Keyspan Energy and serving as the chief financial officer of the Long Island Power Authority, she returned to then Governor Pataki's Office as deputy secretary.[1] She first oversaw the state's authorities for Pataki and then moved to become his chief advisor on finance and housing issues.

In 2003, Pataki nominated her as New York State Superintendent of Banks, which is a cabinet position.[1] In this position, Taylor was the head of the New York State Banking Department and Chairwoman of the New York State Banking Board. While at the department she received praise for policing fraud in low-income communities and overhauling the department structure. She also focused on utilizing banks for economic development in low-income communities in New York State.

In 2007, she left public service to become managing director at Wolfensohn Fund Management.[1]

Taylor serves on the board of ACCION International, a microfinancing organization, and in June 2011 was named to the board of the YMCA of Greater New York.[1] She also is a director of Sotheby's, Citigroup, and Brookfield Properties.[1]

FDIC Chairmanship[edit]

It was rumored that Taylor would be nominated by George W. Bush as the Chairwoman and Chief Executive Officer of the Federal Deposit Insurance Corporation (FDIC), but Taylor was never offered the job. Reports said that Taylor had undergone a background check by the Federal Bureau of Investigation (FBI) and had finished the White House paperwork for the position. The reports also said that Bush aides were informing U.S. Senate leaders about the nomination and that it would be announced in a few days.

As Mayor Bloomberg unveiled a second-term agenda to cut down on gun violence and the flow of illegal guns into the city, more rumors came about suggesting pressure from the National Rifle Association caused President Bush not to nominate Taylor. Following the withdrawal of her nomination, Bloomberg cancelled a scheduled appearance at a White House dinner, which would feature the Dance Theatre of Harlem. He instead attended a community meeting in the Bronx.

Taylor's only public comments on the FDIC affair were made at the January meeting of the New York State Banking Board and in an interview with the New York Times.[citation needed]

Personal life[edit]

Taylor, a divorcee with no children, met Mayor Bloomberg at a Citizens Budget Commission event in 2000, where they were seated together. Since then the couple has been together and she acts as an unofficial first lady for the city, joining the mayor at social functions and campaigning with him. She has been frequently seen marching with him in parades citywide.

During the 2005 New York City transit strike, Taylor stayed with Bloomberg in the city's Office of Emergency Management headquarters in Brooklyn each night of the strike. During his second inauguration in 2006, Taylor occupied a front row seat with the mayor's mother and daughters.

Both have denied any intentions of marrying.

Potential 2012 Senate race/civic posts[edit]

In July 2010, Taylor stated that she believed she would have defeated Sen. Kirsten Gillibrand had she run for Gillibrand's U.S. Senate seat that year.[3] However, she ultimately decided not to enter the race.[4] Taylor then commented that she was considering running in 2012.[5]

In her civic life, Taylor serves on non-profit and corporate boards that include The New York Women's Foundation, YMCA of Greater New York, ACCION, Columbia Mailman School of Public Health, Sotheby's, Citigroup, Brookfield Properties and her alma mater Dartmouth[1]

References[edit]

  • "The Mayor's Lady." The New York Times, 2/12/06. [1]
Civic offices
Preceded by
Elizabeth McCaul
Superintendent of the New York State Banking Department
2003-2007
Succeeded by
Richard H. Neiman