Newly inaugurated President Donald Trump made several designations to acting roles at the Federal Deposit Insurance Corp. (FDIC), Securities Exchange Commission (SEC) and the National Credit Union Administration (NCUA), among others.
One of the most highly anticipated leadership changes followed the resignation of the embattled Martin Gruenberg from his role as FDIC chair. Trump designated FDIC Vice Chair Travis Hill to lead the agency in an acting capacity.
“It is my honor and privilege to serve as acting chairman of the FDIC,” Hill said in a statement. “While the FDIC faces a broad range of issues, and as always will fulfill our mandate to promote a safe, sound, and resilient banking system.”
Federal Trade Commission (FTC) member Andrew Ferguson has been nominated to succeed Linda Khan as chair of the FTC. Khan announced her decision to step down from her role prior to Trump’s inauguration.
The FTC released a list of the agency’s accomplishments under Khan’s leadership during the past four years, including implementing a ban on noncompete clauses, settlements involving illegal data brokers and lawsuits alleging anti-competitive tactics by some of the country’s largest companies.
Pending the confirmation of Paul Atkins, SEC member Mark Uyeda will serve as acting chair of the agency. Former SEC Chair Gary Gensler resigned as Trump took office on Jan. 20.
“I am honored to serve in this capacity after serving as a commissioner since 2022, and a member of the staff since 2006,” Uyeda said. “I have great respect for the knowledge, expertise, and experience of the agency and its people. The SEC has a vital mission — protecting investors, maintaining fair, orderly, and efficient markets, and facilitating capital formation — that plays a key role in promoting innovation, jobs creation, and the American Dream.”
The SEC’s enforcement division may see a new leader as acting director Sanjay Wadhwa announced plans to leave the department at the end of January after more than 21 years of service with the commission.
NCUA board member Kyle Hauptman was tapped to replace Todd Harper, who has said he plans to remain a member of the board until his term expires in April 2027.
At the U.S. Treasury Department, Trump gave the acting secretary position to the highest-ranking career official, Fiscal Assistant Secretary to the Treasury David Lebryk, pending the confirmation of nominee Scott Bessent.
More leadership announcements by the new administration are to be expected throughout the weeks and months ahead.