The Federal Deposit Insurance Corporation announced Tuesday that Joseph Jiampietro has been named Senior Advisor for Markets to FDIC Chairman Sheila Bair.

In his new position, Jiampietro will provide Bair with policy and legal advice relating to complex financial transactions, bid structures, and capital markets.

I believe that the FDIC will benefit greatly from Mr. Jiampietro's extensive markets and transactional expertise as the Corporation assumes broader responsibilities in significant and complex financial programs, Bair said.

We are pleased to have him join our team.

Jiampietro previously served as Managing Director of the Financial Institutions Group at J.P. Morgan in New York since 2007, with responsibility for delivering merger and acquisition and corporate finance advice to depository institutions.

Prior to that, he was a Managing Director in the Financial Institutions Group of UBS Investment Bank, where he was also head of Financial Institution Capital Markets.

Jiampietro has spent 11 years in investment banking, providing strategic advice to financial institutions.

Before his career in investment banking, he was an associate practicing corporate law at Simpson Thatcher and Bartlett.

He has also served as Legal Counsel with the Senate Committee on Banking, Housing and Urban Affairs during the 104th Congress.

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