President Joe Biden selected a commissioner at the Commodity Futures Trading Commission (CFTC) as his preferred choice to lead the Federal Deposit Insurance Corporation (FDIC) in the aftermath of its toxic workplace culture scandal.

Christy Goldsmith Romero was nominated to serve as chair and member of the FDIC, the White House announced Thursday. She would succeed Martin Gruenberg, who said last month he would resign following the release of an independent review that criticized the agency’s lack of response to employee claims of sexual harassment and discrimination.

Goldsmith Romero’s nomination is subject to Senate approval. Gruenberg said he would step down once his successor was confirmed.

Goldsmith Romero has served as a CFTC commissioner since March 2022. Previously, she worked a decade as special inspector general for the Office of the Special Inspector General for the Troubled Asset Relief Program.

Also Thursday, Biden nominated Goldsmith Romero’s counterpart at the CFTC, Kristin Johnson, to serve as assistant secretary for financial institutions at the Department of the Treasury. Caroline Crenshaw, a commissioner at the Securities and Exchange Commission, was nominated to serve a second term.

Kyle Brasseur was Editor in Chief of Compliance Week from 2021-24.View full Profile

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