New York Governor Andrew Cuomo has announced the nomination of Linda Lacewell for superintendent of the New York State Department of Financial Services.
Lacewell most recently served as chief of staff to the governor. In that role, she oversaw ethics and law enforcement matters. She previously served as chief risk officer for Cuomo’s office, where “she built and implemented the first statewide system for ethics, risk, and compliance in agencies and authorities,” a statement announcing the nomination says.
Lacewell was also the architect of OpenNY, a state-of-the-art open data initiative and, as special counsel to the governor, oversaw public pension fund pay-to-play and out-of-network health insurance investigations, both of which led to nationwide reforms. She also spent nine years as an assistant U.S. attorney for the Eastern District of New York, including two years on its Enron Task Force.
If confirmed by the State Legislature, Lacewell would replace Maria Vullo, whio resigned as NYDFS superintendent last month.
“It has been a true privilege to serve as DFS superintendent, particularly during a time when DFS’s voice has been vital to protecting New Yorkers from federal government actions and to filling the voids in necessary consumer and market protections,” she said in a statement.
Among the agency’s “innumerable accomplishments,” Vullo highlighted cyber-security regulations that are “now the national standard for the protection of our nation’s financial markets.”