The Office of the Comptroller of the Currency (OCC) announced that Amrit Sekhon would be named Deputy Comptroller for Capital and Regulatory Policy.
“Over the years, Amrit has frequently served as the OCC representative on a variety of Basel subgroups, including chairing the Ratings and Securitization Subgroup that has been responsible for developing capital treatment for complex structured financial transactions,” said Jennifer Kelly, Senior Deputy Comptroller for Bank Supervision Policy and Chief National Bank Examiner. “This experience will serve him well in his new role, and we are fortunate to be able to turn to such a well-qualified candidate to fill this important position.”
Sekhon is a graduate of Virginia Polytechnic Institute and State University (Virginia Tech), where he earned a degree in aerospace engineering in 1990. Afterwards, he went on to the University of Notre Dame to earn an MBA in 1992.
Prior to joining the OCC, Sekhon spent time as a Peace Corps volunteer in Ukraine where he taught university-level courses in finance, economics and accounting. He also served as a senior financial analyst at the Federal Home Loan Mortgage Corporation.
Sekhon joined the OCC in 1998 as a risk specialist in the Capital Policy division. Over the years, he moved into positions of increasing responsibility, eventually becoming the director for Capital Policy in July 2007.
In his newest role, he will serve as the key advisor to the Comptroller on current and emerging domestic and international policies related to bank capital and as the Comptroller’s representative for Basel Committee meetings. He will assume these duties Oct. 4, 2015, and will succeed Charles Taylor.
During Taylor’s time at the OCC, he oversaw the implementation of the Dodd-Frank capital and leverage rules and chaired the Basel Committee’s Supervision and Implementation Group where he launched several significant initiatives.
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