James Wigand is a Partner at Millstein & Co.
From January 2011 to November 2013, Mr. Wigand served as the first Director of the Federal Deposit Insurance Corporation’s Office of Complex Financial Institutions (OCFI) and as a Senior Advisor to the Chairman, FDIC. The OCFI was created to better position the FDIC to carry out its new resolution responsibilities for systemically important financial institutions under the Dodd Frank Wall Street Reform and Consumer Protection Act.
Prior to assuming this position, Mr. Wigand served as the Deputy Director for Franchise and Asset Marketing, Division of Resolutions and Receiverships, FDIC, and oversaw the resolution of failing insured financial institutions and the sale of their assets from 1997 to 2010. From 1995 to 1997, he was the Assistant Director for Capital Markets, Division of Depositor and Asset Services, FDIC, overseeing the issuance and servicing of residential and commercial mortgage backed securities.
Mr. Wigand served in various executive positions at the Resolution Trust Corporation from December 1989 until its closing in December 1995. During this period, he supervised the Asset Management and Sales Division's loan and owned real estate management, seller financing, equity partnership and loan workout programs. He also had responsibility for receivership operations and the conclusion of RTC's conservatorship program.
Before RTC, Mr. Wigand worked in the Division of Liquidation, FDIC, the Federal Savings and Loan Insurance Corporation's Operations and Liquidation Division, and Ferris & Company.
During his career, Mr. Wigand has been involved with the management, sale or resolution of $1 trillion of financial institution assets.
Born in New York City, Mr. Wigand received a Bachelor of Science degree from the University of Maryland and a Master of Business Administration degree with a specialization in finance from the University of Chicago Graduate School of Business.
Financial Services & E-Commerce Practice Group Podcast
In December 2013, the Federal Deposit Insurance Corporation (FDIC) released a proposal on the “Single...