According to two sources familiar with the matter, the Federal Reserve plans to nominate Randall Guynn for the newly restructured role of head of supervision - marking a significant departure from decades of internal promotions for this critical regulatory position.
Wall Street Veteran with Banking Expertise
Guynn, former partner at prestigious law firm Davis Polk & Wardwell, has represented numerous top U.S. financial institutions. His expertise spans capital adequacy, merger reviews, and regulatory policy development.
Significant Leadership Transition
He will succeed Michael Gibson, who served over 30 years at the Fed before retiring last July. Since May 2025, Guynn has been serving as advisor to Governor Bowman, who oversees financial supervision.
- Appointment requires confirmation by the seven-member Federal Reserve Board
- No specific date set yet for the confidential vote
- Will continue reporting to Vice Chair Bowman post-appointment
Potential Regulatory Shift
This historic appointment signals a major change in the Fed's supervisory approach. For the first time since 1977, the position will be held by an external candidate rather than a career central banker, suggesting potential changes in regulatory strategy.