Wednesday, 29 June 2016
Last updated 1 hour ago
Feb 15 2007 | 4:23pm ET
Diana Taylor, former New York State superintendent of banks and the apple of New York City Mayor Michael Bloomberg’s eye, is stepping out of the public sector and into the more lucrative private sector. She is joining Wolfensohn & Company, a private equity firm and an advisor to corporations and governments, as a managing director effective March 15.
“I am extremely pleased that Diana has decided to join us,” James Wolfensohn, chairman, said. “Diana's experience in investment banking and her special knowledge of the banking, housing and energy sectors will be invaluable to the firm's clients. In addition, I believe Diana's broad expertise will be a great asset to us in our private equity investment activities.”
In her role as superintendent of banks, Taylor oversaw over 3,500 financial institutions with assets totaling over $1.5 trillion, including chartered banking institutions and over 80% of the foreign banks that do business in the United States. Taylor is no stranger to the Wall Street crowd, having started her career as an investment banker with Smith Barney, then working at Lehman Brothers and Donaldson Lufkin & Jenrette.