Sheila Bair, the former Federal Deposit Insurance Corp. chairman, has joined DLA Piper as a senior policy adviser in the firm’s Washington office.
Bair, 60, will provide strategic advice about developments in the financial markets focusing on the firm’s international practice, DLA Piper said Wednesday in a statement. She’s the latest high-level former federal official to join the firm this year.
The head of the FDIC from 2006 to 2011, Bair has been an outspoken advocate of greater transparency from banks. She oversaw the implementation of the Dodd-Frank Act, which gave the regulator greater power to wind down complex lenders after the collapse of Lehman Brothers Holding Inc. in 2008.
“Sheila’s experience in the public and private sectors related to banking and financial regulation is unmatched,” said Jeffrey Hare, chair of the law firm’s financial services regulatory practice. “Her insight into the pressing regulatory issues will be a tremendous asset to the firm.”
Bair serves as a senior adviser to the Pew Charitable Trusts and heads the Systemic Risk Council, a public interest group of prominent former government officials and financial experts who monitor the implementation of financial reforms. She’s also a founding board member of the Volcker Alliance, a nonprofit group established by former Federal Reserve Board Chairman Paul Volcker, according to the statement.
At DLA Piper, Bair will focus on public sector clients within the firm’s international practice. She will also be involved in pro bono initiatives, building on work she has done to construct playgrounds for disabled children in Chinese orphanages, the firm said.
Others who have joined the firm are Ray LaHood, former secretary of the U.S. Transportation Department; Bart Chilton, ex-commissioner of the Commodity Futures Trading Commission; and Elizabeth Ritter, former CFTC chief counsel.