The Federal Reserve plans to appoint Wall Street bank lawyer Quinn as the Director of Regulatory Affairs

According to two people familiar with the matter, the Federal Reserve is expected to appoint Randall Guynn as the new Director of Regulatory Affairs. This veteran Wall Street figure, who has deep ties to the banking industry, will oversee industry regulation. Guynn was a partner at Davis Polk & Wardwell and has represented several large U.S. banks. He will succeed Michael Gibson, who announced his retirement last July after more than thirty years at the Federal Reserve. Since May 2025, Guynn has served as an advisor to Federal Reserve Governor and Vice Chair for Supervision, Michelle Bowman.

According to sources, Guynn's appointment plan still requires a vote by the Federal Reserve's seven-member Board of Governors. The specific timing of this closed-door vote has not yet been determined. After taking office, he will continue to report to Bowman. Choosing Guynn as the Director of Regulatory Affairs will mark a significant shift in the Federal Reserve's personnel arrangements, as this position has been held by long-serving internal staff since at least 1977.