President Biden announces key appointments for financial regulation and investor protection



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WASHINGTON – Today, President Joe Biden announced his intention to appoint the following people to fill key positions:

  • Willow Omarova, candidate for the post of Comptroller of the Currency, Department of the Treasury
  • Claudia Slacik, Member Candidate, Securities Investor Protection Corporation

If confirmed, Omarova will be the first woman and person of color to serve as comptroller.

Willow Omarova, candidate for the post of Comptroller of the Currency, Department of the Treasury

Willow T. Omarova is the Beth and Marc Goldberg Professor of Law at Cornell University. She is the Director of the Financial Institutions and Markets Law and Regulation program at the Jack Clarke Cornell Institute for the Study and Practice of Business Law. Professor Omarova’s academic work focuses on the regulation of financial institutions and markets, banking law and the political economy of finance. She is one of the country’s leading academic experts on issues related to the regulation of systemic risk and structural trends in financial markets. Previously, she was the George R. Ward Associate Professor of Law at the University of North Carolina at Chapel Hill and taught courses at Georgetown University Law Center.

Prior to joining academia, Prof. Omarova practiced law in the Davis, Polk and Wardwell Financial Institutions Group, a leading New York law firm, where she specialized in a wide variety of corporate transactions and financial regulatory advice. In 2006-2007, she worked in the US Department of the Treasury as Special Advisor on Regulatory Policy to the Under Secretary of National Finance. Professor Omarova holds a doctorate. political science degree from the University of Wisconsin at Madison and a JD degree from Northwestern University in Chicago. She is a member of the New York Bar.

Claudia Slacik, Member Candidate, Securities Investor Protection Corporation

Claudia Slacik has had a career spanning over 30 years in the financial services industry. She has extensive experience in financial restructuring, risk management, corporate finance, trade finance and general management. She also has experience on boards of directors, both public and private, with a specialty in audit committees.

Ms. Slacik has worked for JPMorgan, Citibank and Bankers Trust in New York and London. And, from 2013 to 2016, after being appointed by the Obama administration, Ms. Slacik served as the banking director of the Export Import Bank of the United States. In 2018, she was a member of the Advanced Leadership Institute at Harvard and currently serves on the boards of Junior Achievement Worldwide and the Collegiate Churches of New York. She is a graduate of Smith College and NYU and lives in New York City with his wife, Susan M. Davis.

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