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Former OCC Senior Official Joins Covington's Financial Services Practice

January 9, 2019

WASHINGTONKaren Solomon has joined Covington's Financial Services Group in Washington.

Before joining Covington, Ms. Solomon served as the Acting Senior Deputy Comptroller and Chief Counsel at the Office of the Comptroller of the Currency (OCC). In that role and in her prior role as Deputy Chief Counsel, Ms. Solomon’s work included developing and drafting regulations and advising on issues involving bank powers, structure, compliance, and preemption as well as licensing, legislative, and litigation-related matters. She has had a leadership role in key OCC initiatives, including the agency’s recent fintech chartering initiative, and has worked extensively with other Federal agencies on matters of common interest. Ms. Solomon joined the OCC in 1995. Before that, she was Deputy Chief Counsel at the Office of Thrift Supervision (OTS) and previously held senior positions at the OTS’s predecessor agency, the Federal Home Loan Bank Board. 

"Karen's role as a trusted advisor within the OCC for over 20 years and spanning four Comptrollers of the Currency, as well as her sterling reputation in the financial services industry as a lawyer and colleague, make her a great fit for Covington,” said Michael Nonaka, co-chair of Covington's Financial Services Group. "We are very pleased to welcome her to the firm and are confident that her broad base of experience in regulatory, transactional, and policy matters will be a great benefit to our financial services clients.”

"Covington's financial services practice is highly respected, and I look forward to working with the talented and collegial lawyers there," said Ms. Solomon. "Covington is ideally positioned to advance clients' objectives in this rapidly changing financial services environment." 

Ms. Solomon graduated from the Columbus School of Law at the Catholic University of America and received her undergraduate degree from Catholic University.

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