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Big changes at OCC; Curry out, Noreika in

Joe Mont | May 3, 2017

Comptroller of the Currency Thomas Curry will step down from his post on May 5, making way for Keith Noreika, a partner at law firm Simpson Thacher & Bartlett, to serve as acting comptroller until a permanent repoacement is named by President Donald J. Trump.

“Serving as Comptroller of the Currency has been the highlight of my career,” Curry said in a statement. “The Comptroller is a special job and I am proud to have served with 4,000 men and women who showed such deep dedication to the agency’s mission of ensuring the safety and soundness of the federal banking system and the fair treatment of its customers.”

Curry completed his five-year term on April 9, 2017, and plans to return home to Boston, Mass.

Noreika will become Acting Comptroller of the Currency May 5. He is currently a partner at Simpson Thacher & Bartlett and was a partner at Covington & Burling, specializing in banking regulation.

He has extensive experience advising regional, multinational, and other banks on structuring their operations, including compliance with the Volcker Rule and Consumer Financial Protection Bureau regulations, and Bank Secrecy Act and anti-money laundering rules.

Noreika has represented national banks before the Supreme Court and has worked extensively with all federal bank regulatory agencies.

Noreika has been an adjunct faculty member at the University of Pennsylvania Law School and the University of Virginia School of Law. He received his juris doctor in 1997 from Harvard Law School, where he was editor of the Harvard Law Review. He earned his bachelor of science degree from The Wharton School of the University of Pennsylvania in 1994.