星空传媒 School of Law alumnus Martin Gruenberg (LAW '79) was sworn in as Chairman of the FDIC Board of Directors on Jan. 5, 2023.
Gruenberg has been a member of the FDIC Board since Aug. 2005, serving as Vice Chairman from 2005-2011 and Chairman from 2012-2017. He joined the FDIC Board after serving as senior counsel to Senator Paul S. Sarbanes (D-MD) on the staff of the Senate Committee on Banking, Housing, and Urban Affairs from 1993-2005.
This marks his second time leading the agency, which insures trillions of dollars in deposits at the nation鈥檚 banks. The FDIC also examines and supervises financial institutions for soundness, performs certain consumer-protection functions, and manages receiverships of failed banks.
In 2012, Gruenberg was inducted into the Society of Benchers, the School of Law鈥檚 Hall of Fame. Inductees are selected on the basis of extraordinary achievement and dedication to the highest principles of the legal profession. He is an engaged alumnus who has spoken several times at law school events.
鈥淭his appointment caps an extraordinary year for our alums,鈥 said Co-Dean Michael Scharf. 鈥淚n the past twelve months, Fred Gray (LAW 鈥54) received the Presidential Medal of Freedom, Justin Bibb (LAW 鈥18) was sworn in as mayor of Cleveland, Bridget Brennan (LAW 鈥00) and Charles Esque Fleming (Law 鈥90) were appointed to the Federal Bench and now Martin Gruenberg has been appointed by a second President to serve our country in an incredibly important leadership role.鈥