PANews reported on February 13 that, according to two sources familiar with the matter, the Federal Reserve is expected to appoint Randall Guynn as its new Director of Supervision. This Wall Street veteran with deep ties to the banking industry will take the helm of industry oversight. Guynn, a former partner at the law firm Davis Polk & Wardwell, has represented numerous major U.S. banks. He will succeed Michael Gibson, who announced his retirement last July after more than 30 years at the Fed. Since May 2025, Guynn has served as an advisor to Federal Reserve Governor and Vice Chairman for Supervision, Bowman. According to sources, Guynn's appointment still requires a vote by the Fed's seven-member Board of Governors. The exact timing of this closed-door vote is currently uncertain. He will continue to report to Bowman after assuming his new post. The selection of Guynn as Director of Supervision would mark a significant shift in the Fed's personnel arrangements, a position previously held by long-serving Fed insiders since at least 1977.