Just over a week after stepping down as the Comptroller of the Currency, Joseph Otting is back in business, joining the board of directors of Black Knight Inc.
Otting had been the first comptroller in three decades to have banking experience before taking the job, and said in a press release that he looked forward to joining Black Knight.
“Black Knight is an innovative company that offers a wealth of transformative technology and critical data to the mortgage industry,” he stated. “I have the greatest respect for Black Knight and the company’s CEO, Anthony Jabbour, whom I have known for more than a decade. I look forward to serving on the board of directors of such a forward-thinking organization.”
Otting served as president of CIT Bank and co-president of CIT Group from August to December 2015 after spending five years as president, CEO, and a director of OneWest Bank, before it merged with CIT Group.
“We are extremely proud to have Joseph serve on the Black Knight board of directors,” Black Knight Chairman Bill Foley stated. “His extensive experience in both the financial services and government sectors will prove invaluable to Black Knight.”
Otting was nominated as comptroller in June 2017 and was confirmed in November 2017. A day before he announced his resignation, Otting helped the Office of the Comptroller of the Currency finalize its new rules surrounding the Community Reinvestment Act.