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Jelena mcwilliams

Jelena McWilliams

Federal Deposit Insurance Corporation

Chairman | Financial Disclosure »

Bio, via University of California Berkley:

Jelena McWilliams, a Yugoslavian immigrant with degrees from UC Berkeley, has been nominated to lead the Federal Deposit Insurance Corporation, which regulates the nation’s banking system. She arrived in the United States on July 29,1991, her 18th birthday, and proceeded to earn a B.A. with highest honors in political science and mass communications from UC Berkeley in 1999. She earned a J.D. at Berkeley Law three years later. McWilliams practiced corporate transaction law in the private sector for almost five years, and in 2007 joined the Federal Reserve Board of Governors as an attorney, focusing on consumer financial services and regulation. After three years, she became assistant chief counsel for the Republican-led Senate Small Business Committee, before moving to the Senate Banking Committee as senior counsel. Most recently, McWilliams has served as the chief legal officer of Cincinnati-based Fifth Third Bancorp. As a U.S. Senate staffer, McWilliams is said to have carried around an annotated copy of the Dodd-Frank Wall Street Reform and Consumer Protection Act bound in a small book. Admired for her encyclopedic knowledge of banking law and her openness to differing opinions, she is described by a former Democratic staff director on the Senate Banking Committee as “someone you could disagree with, without her being disagreeable.”

Former Positions Outside Government

  • Fifth Third Bank Executive Vice President, Chief Legal Officer and Corporate Secretary

Former Compensation Sources

  • Fifth Third Bank Executive Vice President, Chief Legal Officer and Board Secretary

See more financial disclosure details ⬇

Employment Assets

Description Value Income
Fifth Third Bank $182,500
Firth Third Bank $300,000
Unvested Fifth Third Bancorp - Common Stock $50,001 - $100,000 None (or less than $201)
Fifth Third Bancorp 401(k) Savings Plan
JPMCB Smart Retirement DRW 2040 CF $1,001 - $15,000 None (or less than $201)
Lazard/Wilmington Emerging Markets B $1,001 - $15,000 None (or less than $201)
Victory Small Cap Value Collective 75 $1,001 - $15,000 None (or less than $201)
American Century US Mid Cap Value Eq Tr $1,001 - $15,000 None (or less than $201)
State Street Global Advisors S&P MidCap Index Fund - Class C $1,001 - $15,000 None (or less than $201)
State Street Global Advisors Russell Large Cap Val Idx NL Ser C $1,001 - $15,000 None (or less than $201)
Unvested Fifth Third Restricted Stock Units $50,001 - $100,000 $1,001 - $2,500
Unvested Fifth Third Stock Appreciation Rights $1,001 - $15,000 None (or less than $201)
Fifth Third Bank 2017 Anticipated Year End Bonus $250,001 - $500,000 None (or less than $201)

Other Income/Assets

Description Value Income
U.S. (domestic) bank savings accounts $1,001 - $15,000 None (or less than $201)
U.S. (domestic) bank checking accounts $50,001 - $100,000 None (or less than $201)
Utah 529 Plan
Customized Age-based Account $15,001 - $50,000 None (or less than $201)

Employment Agreements and Arrangements

Employer or Party City, State Status and Terms Date
Fifth Third Bank (401(k)) Cincinnati, Ohio I will not participate in this defined contribution plan after my separation. Neither I nor the plan sponsor will make further contributions after my separation. Jan. 16, 2017
Fifth Third Unvested Restricted Stock Units Cincinnati, Ohio Pursuant to the company's executive compensation plan, one-third of my unvested restricted stock units (RSUs) will vest in February 2018 and will be paid in cash if I resign on or after February 3, 2018. I will forfeit my interest in any unvested restricted stock units. Jan. 16, 2017
Fifth Third Unvested Stock Appreciation Rights Cincinnati, Ohio Pursuant to the company's executive compensation plan, one-third of my unvested stock appreciation rights will vest in February 2018 and will be paid in cash if I resign on or after February 3, 2018. I will forfeit my interest in any unvested stock appreciation rights. Jan. 16, 2017
Fifth Third Bank Unvested Common Stock Cincinnati, Ohio I will forfeit my interest in any unvested common stock. Jan. 16, 2017
Fifth Third Bank 2017 Anticipated Year End Bonus Cincinnati, Ohio I will receive a bonus for the work I performed during calendar year 2017. Fifth Third Bank will use an objective formula to calculate this bonus. If I am confirmed before the end of the calendar year on December 31, 2017, Fifth Third Bank, will pay me a pro rata share of my bonus that covers only the period of calendar year 2017 prior to my resignation. Jan. 16, 2017

Liabilities

Creditor Name Creditor Type Amount Rate Year Incurred
Wells Fargo Mortgage on Personal Residence $500,001 - $1,000,000 3.5 2014
Fifth Third Bank (2.99% interest rate is valid until April 1, 2024, at which point the interest rate will adjust based on the market conditions) Mortgage on Personal Residence $500,001 - $1,000,000 2.99 2017
Fifth Third Bank (This is a Home Equity Line of Credit that has a variable rate) Exercised Line of Credit $50,001 - $100,000 5.99 2017

Do you know something about Jelena McWilliams? Send us an email at [email protected] or send a Signal message to 347-244-2134.

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