User:Hubbardbk/sandbox
Bryan P. Brooks | |
|---|---|
| File:Img-brian-brooks-bio.jpg | |
| Acting Comptroller of the Currency | |
| Assumed office May 29, 2020 | |
| President | Donald Trump |
| Preceded by | Joseph M. Otting |
| Personal details | |
| Born | 1969 (age 54–55) Pueblo, Colorado, U.S. |
| Education | Harvard University (BA); University of Chicago (Juris Doctorate) |
Brian P. Brooks (born 1969) is an American lawyer, banker, entrepreneur, technologist, and government official. He became Acting Comptroller of the Currency on May 29, 2020, succeeding the 31st Comptroller of the Currency Joseph M. Otting.[1]
Early life and education
[edit]Brooks grew up in Pueblo, Colorado. He holds a bachelor’s degree from Harvard University in government and a law degree from the University of Chicago.[2]
Career
[edit]O’Melveny & Myers
[edit]Brooks’s career includes working as Managing Partner of the Washington, D.C. office of the global law firm O’Melveny & Myers, where he led an office of more than 150 attorneys, represented major financial services companies in a variety of litigation and enforcement matters, and played a lead role in crafting the banking industry’s response to the 2010–2011 foreclosure crisis. Brooks also chaired the firm’s Financial Services Practice Group and was an elected member of the firm’s 12-partner board of directors known as the Policy Committee.[3]
OneWest Bank
[edit]Following his work at O’Melveny & Myers, Brooks served as Vice Chairman of OneWest Bank from 2011-2014, where he served as chief legal officer and oversaw the bank’s legal department along with its fair lending, corporate customer experience, and mortgage marketing and communications groups. In that position, he advised executive management and the board of directors on legal, risk, and strategic issues; developed and implemented strategies to manage litigation and government inquiries; led deal teams for strategic transactions; and led the bank’s compliance with regulatory orders on mortgage servicing and foreclosures.[4]
Fannie Mae
[edit]From 2014-2018, Brooks served as Executive Vice President, General Counsel, and Corporate Secretary of the $3.2 trillion Fannie Mae. In this role, he oversaw the Legal Department and Government and Industry Relations and served as a senior advisor to the Chief Executive Officer and the Board of Directors.[2]
Coinbase
[edit]After working at Fannie Mae, Brooks was Chief Legal Officer of Coinbase from 2018-2020. Coinbase is an $8 billion Silicon Valley startup that is one of the largest digital currency platforms in the world. At Coinbase, he was responsible for the company’s legal, compliance, internal audit, government relations, and global intelligence groups.[2]
Boards and advisory roles
[edit]Brooks served from March 2019 through March 2020 as a member of the Board of Directors of Fannie Mae, where he sat on the company’s Risk Policy and Capital Committee and its Strategic Initiatives and Technology Committee.
In addition, Brooks has been deeply involved in the financial technology sector. From November 2017 through March 2020 he served with former FDIC Chair Sheila Bair, former American Express CEO Jim Robinson, and others on the board of directors of Avant, Inc., a marketplace lending and technology platform company. He was also an advisor to financial technology companies Spring Labs, a blockchain-enabled digital credit bureau, and EarnUp, a consumer loan payment platform.
Comptroller of the Currency
[edit]
Brooks joined the Comptroller of the Currency (OCC) in April 2020 as Senior Deputy Comptroller and Chief Operating Officer. In this role, Brooks oversaw the agency’s bank supervision, bank supervision policy, economics, supervisory system and analytical support, systemic risk identification support and specialty supervision, and innovation functions. He served as a member of the OCC's Executive Committee and was the Chair of the Technology and Systems Subcommittee.[2]
Secretary of the Treasury Steven T. Mnuchin designated Brooks the OCC’s First Deputy Comptroller, under his authority set forth in 12 USC § 4. Pursuant to 12 USC § 4, Brooks became Acting Comptroller upon Comptroller Otting’s resignation on May 29, 2020.[1]
Personal life
[edit]Brooks has played significant roles in professional, charitable and community development organizations. He has served as a board member of the California Bankers Association (vice chairman at large),[5] the Housing Policy Council (executive council), the Appleseed Foundation (chairman),[6] the National Symphony Orchestra (treasurer), the Los Angeles Master Chorale (treasurer),[7] the Blockchain Association, and the Pasadena Conservatory of Music.[8] He is also an elected member of the American Law Institute.[9] An accomplished musician, Brooks is a classical pianist and also plays keyboards in DC-are classic rock cover band The Johnny Esquire Band.[10] Brooks is married with four children ages 15 to 22. He lives in Washington, D.C., and Pasadena, California.
References
[edit]- ^ a b OCC (May 21, 2020). "Comptroller of the Currency Joseph Otting to Step Down, Brian P. Brooks to Become Acting Comptroller of the Currency on May 29, 2020." Retrieved May 21, 2020.
- ^ a b c d OCC. "Brian P. Brooks." Retrieved May 21, 2020.
- ^ Crunchbase Profile: Brian P. Brooks. Retrieved May 21, 2020
- ^ [See https://www-cdn.law.stanford.edu/wp-content/uploads/2018/08/Brooks_Brian-bio.pdf Stanford Biography: Brian P. Brooks] Retreived May 21, 2020
- ^ California bankers Association (May 9, 2013) Jeffrey Ball Named New Chairman of the California Bankers Association Retrieved May 21, 2020
- ^ Ballotpedia Appleseed Foundation Retrieved May 21, 2020
- ^ LOS ANGELES MASTER CHORALE ASSOCIATION Retrieved May 21, 2020
- ^ Conservatory: The Annual Report of the Pasadena Conservatory of Music Retrieved May 21, 2020
- ^ The American Law Institute. Member Directory Retrieved May 21, 2020
- ^ FaceBook The Johnny Esquire Band
Attribution
[edit]
This article incorporates text from this source, which is in the public domain: Official Biography Brian P. Brooks, Washington, D.C.: The Office of the Comptroller of the Comptroller, 2020.
External links
[edit]New York Times' DealBook (December 18, 2018). America Could Lead the Transition to a Digital Currency Reserve.
Forbes (January 7, 2020). Three Cryptocurrency Regulation Themes For 2020 – And The Flawed Premises Behind Them.
Tech GC (December 11, 2019). BLOCKCHAIN(2) - The Global Financial System is More Fragile than We Think (w/ Brian Brooks).
iHeartRadio (March 19, 2019). Barefoot Innovation Podcast. Talking Cryptocurrency with Brian Brooks of Coinbase.