The Fed is reportedly set to appoint lawyer Randall Guynn as its new Chief Supervisor, replacing Michael Gibson, in a move that could mark a major personnel change in the banking industry's supervisory body.
According to two sources familiar with the matter, the decision still requires a secret ballot by the Fed's seven-member Board of Governors; the exact timing is unclear. Guynn is expected to continue reporting to Fed Governor Michelle Bowman after taking office.
- The Fed is expected to appoint Randall Guynn as Director of Supervision.
- The appointment requires a vote from the seven-member Board of Governors; the timing is unclear.
- Guynn replaced Michael Gibson; continued reporting to Bowman.
Randall Guynn's appointment: who is he and what's missing from the process?
The Fed is expected to choose Randall Guynn as its Supervisory Director, but the appointment still needs to be confirmed by the seven-member Board of Governors through a secret ballot.
Guynn is a former partner at the law firm Davis Polk & Wardwell and has represented numerous major banks in the U.S. According to reports, he is a Wall Street veteran with deep connections to the banking industry and will be responsible for overseeing the sector.
Since May 2025, Guynn has served as an advisor to the Fed Governor and Vice Chairman for Supervision, Bowman. After assuming his new Vai , he will continue to report to Bowman. The timing of the secret ballot is currently uncertain.
Personnel consequences: replacing Michael Gibson and signals of change.
Guynn is expected to succeed Michael Gibson, who announced his retirement last July after more than 30 years working at the Fed.
Guynn's selection could represent a significant shift in the Fed's personnel structure, as the Supervisory Director position has previously been held by long-time Fed insiders since at least 1977. This could impact the approach to banking supervision, an area that indirectly affects financial markets and cryptocurrencies.
