NYDFS Names Lawsky’s Chief of Staff Albanese as Acting Superintendent

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Outgoing New York Superintendent of Financial Services Benjamin Lawsky said in a memo to his staff last Friday that his chief of staff, Anthony Albanese, will serve as acting superintendent while the Governor’s office conducts a search for a permanent replacement.

In his memo, Lawsky said he will be transitioning out of his role as superintendent this week and that Albanese’s appointment means “business as usual” for the New York Department of Financial Services. Lawsky said NYDFS will continue all of the important initiatives under Albanese’s leadership. Albanese previously served as a partner at law firm Weil, Gotshal & Manges before joining NYDFS in 2011.

Lawsky said last month that he would be leaving the superintendent post in June. He plans to start a consulting firm, advising financial institutions on matters of technology, cybersecurity and virtual currency, according to media reports. He will also serve as a visiting scholar at Stanford University’s Cyber Initiative in the fall.

The following is a copy of the memo Lawsky sent to his staff last Friday:

Dear DFS Team,

As you all know by now I will be transitioning out of my role as Superintendent next week. I am pleased to report that when I depart, Anthony Albanese, my Chief of Staff, will take over as the Acting Superintendent while the Governor’s office conducts a search for a permanent replacement.

Most of you know Anthony well. He has been by my side since we launched and has played an incredibly important role in getting DFS to where it is today. Anthony has helped lead DFS since the day he got here in 2011. He is tough but fair and passionate about doing what’s right. His appointment for this period as Acting Superintendent means business as usual for the Department.

I know that under his leadership DFS will continue all of the important initiatives we have under way while also continuing to be a smart, modern, and forward-thinking prudential regulator. I also know that you will each continue to carry out the Governor’s vision for DFS in the months and years ahead. I can’t wait to watch all that you do.

Now everyone please get back to work.

Ben

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