U.S. Federal Reserve Expected to Name Randall Guynn as New Director of Supervision and Regulation
By Pete Schroeder and Chris Prentice
WASHINGTON, Feb 13 (Reuters) – The U.S. Federal Reserve is set to appoint Randall Guynn as its new director of supervision and regulation, according to sources familiar with the matter. Guynn, a seasoned Wall Street veteran with extensive banking ties, is poised to take on a significant role in overseeing the industry.
Guynn, a former partner at law firm Davis Polk & Wardwell LLP, known for representing major U.S. lenders, will succeed Michael Gibson, who announced his retirement last year after a long tenure at the central bank.
Since May 2025, Guynn has been serving as an advisor to Fed Governor and Vice Chair for Supervision Michelle Bowman, appointed by Republican President Donald Trump to lead regulation at the central bank.
The appointment of Guynn is pending a vote by the Fed’s board of governors, with Reuters being the first to report on the matter. The timing of the vote remains undisclosed, as it is conducted in private. Guynn will continue to report to Bowman in his new role.
This choice of Guynn for the position of supervision and regulation director represents a departure from the Fed’s historical practice of appointing long-serving career staff to the role, dating back to at least 1977.
Guynn, who previously led the Financial Institutions Group at Davis Polk, has extensive experience in banking regulation, having represented major banks and financial institutions. He played a crucial role during the 2008 financial crisis, advising on critical bailout and acquisition deals.
In his new role, Guynn is expected to contribute to the Fed’s oversight of the banking sector, setting rules and conducting examinations of the nation’s largest financial institutions.
Bowman’s restructuring efforts within the division of supervision and regulation include reducing headcount by approximately 30%, primarily through natural attrition, retirements, and voluntary redundancies. Gibson opted for a voluntary buyout as part of this initiative.
Guynn’s expertise and background make him a valuable addition to the Fed’s regulatory team, as he brings a wealth of experience in navigating complex banking regulations and industry dynamics.
As the Fed continues to refine its supervision and regulation practices, Guynn’s appointment signals a strategic move towards enhancing industry oversight while ensuring regulatory compliance and stability in the financial sector.
(Reporting by Pete Schroeder and Chris Prentice; Editing by Michelle Price and Andrea Ricci)
