WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) Board of Directors appointed Arthur J. Murton to serve as Director of the Division of Complex Institution Supervision and Resolution (CISR), following the retirement of Acting Director James McGraw, on October 20, 2023. Mr. Murton will perform these duties while retaining his role as Deputy to the Chairman for Financial Stability.
“Art is a trusted leader at the FDIC with decades of experience. I look forward to working with him in this new role,” said FDIC Chairman Martin J. Gruenberg. “I extend my gratitude to Jim for 30 years of outstanding service with the FDIC, ascending to the role of Acting Director of CISR at a crucial time for the agency, and I wish him the best in his future endeavors.”
Mr. Murton has served as the Deputy to the Chairman for Financial Stability since 2018 where he advises the Chairman on matters related to resolution and deposit insurance activities. Prior to this role, he was the director of the Office of Complex Financial Institutions, which was consolidated under the newly established CISR division in 2019. Mr. Murton joined the FDIC in 1986 as a financial economist, and he has served in leadership roles since 1995.
Prior to serving as Acting Director of CISR, Mr. McGraw was the Senior Deputy Director for CISR. He previously served as the Deputy Director for the Risk Assessment Branch within CISR and as Associate Director of the Risk Management Supervision Complex Financial Institution Supervisory Programs Branch. He began his career with the FDIC in 1993 as an Assistant Bank Examiner and held several positions within the FDIC throughout his career.
CISR manages the FDIC’s supervision and resolution readiness for globally systemically important banks and complex financial institutions.