The Federal Deposit Insurance Corporation (FDIC) has announced the upcoming retirement of Arthur J. Murton, effective May 31, 2025. Mr. Murton currently serves as Deputy to the Chairman for Financial Stability and Director of the Division of Complex Institution Supervision and Resolution (CISR). His career with the FDIC spans nearly four decades.
In October 2019, Mr. Murton was appointed as Deputy to the Chairman for Financial Stability, a role in which he provided guidance on significant policy matters affecting both the FDIC and the broader banking system. By October 2023, he took on additional responsibilities as Director of CISR, overseeing institutions with assets exceeding $100 billion.
Travis Hill, FDIC Acting Chairman, acknowledged Mr. Murton’s contributions: “Art’s experience and depth of knowledge have helped navigate the FDIC through critical times in our agency’s history,” he stated. Hill also praised Murton for his mentorship and dedication to service at the agency.
Mr. Murton began his tenure at the FDIC in January 1986 as a financial economist within what was then known as the Division of Research and Statistics. Over his long career, he played pivotal roles during several financial crises including those in the 1980s, 2008 global financial crisis, and more recent regional bank failures in spring 2023.
He contributed significantly to reforms following these crises such as developing a risk-based premium system post-1980s and instituting resolution plans after 2008 for major banks to manage without taxpayer funds involvement.
Additionally, Mr. Murton had a hand in establishing international collaborations like founding the International Association of Deposit Insurers where he served as an initial representative from FDIC.
His academic background includes a Bachelor’s degree from Duke University followed by a Ph.D. from University of Virginia.
