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FOR IMMEDIATE RELEASE
November 3, 2010
Contact: Bryan Hubbard
Timothy Ward Named Deputy Comptroller for Thrift Supervision
WASHINGTON — The Office of the Comptroller of the Currency (OCC) announced today that Timothy Ward has been designated as the Deputy Comptroller for Thrift Supervision.
Mr. Ward will lead the planning process for integration of the Office of Thrift Supervision (OTS) examination and supervision functions and staff. Following the July 2011 transfer date, this position will continue in fulfillment of the Dodd-Frank Wall Street Reform and Consumer Protection Act requirement to establish a Deputy Comptroller position dedicated to thrift supervision. Mr. Ward will continue to report to Senior Deputy Comptroller for Midsize/Community Bank Supervision Jennifer Kelly.
"Given the amount of uncertainty that is naturally created by a transition of this magnitude, I thought it was important to announce the decision now so that Tim can serve as a point of contact for both OTS staff and federally-chartered thrifts during the coming months here at the OCC," said Acting Comptroller of the Currency John Walsh. "Tim is exceptionally well qualified to serve in this role and has already established himself as a valuable contributor to our internal planning processes. He will participate in all components of our supervisory programs to ensure an appropriate focus on and understanding of the unique aspects of thrift supervision and examination."
Prior to joining the OCC in February 2010 as a Deputy Comptroller and Senior Advisor, Mr. Ward served at the OTS for more than 26 years, where he held a variety of thrift supervision and leadership roles. He was Deputy Director for Examinations, Supervision, and Consumer Protection from 2007 to 2009, overseeing OTS's four regional offices responsible for supervising approximately 800 savings associations and their parent holding companies. He was also responsible for establishing OTS policy in a number of other areas, including corporate applications, consumer affairs, international operations, economic analysis and research, interest rate risk management, and Basel II capital accord implementation.
Mr. Ward served in dual capacity as the OTS's Chief Financial Officer and Chief Information Officer (CIO) from January 2002 through April 2007, and as the agency's CIO from September 2000. He moved to OTS headquarters in 1998 to coordinate its regional information systems functions after transferring to the agency when it was created in 1989 by the Financial Institutions Reform, Recovery and Enforcement Act of 1989.
Mr. Ward began his public service career in 1983 when he joined the Federal Home Loan Bank of Atlanta. He graduated magna cum laude with a bachelor of science degree in Business Administration/Finance from Auburn University in 1982.
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