Magazine article American Banker

Ryan to Take Post at J.P. Morgan

Magazine article American Banker

Ryan to Take Post at J.P. Morgan

Article excerpt

Timothy Ryan Jr., the former top regulator of the nation's thrifts and an old Washington hand, is joining J.P. Morgan & Co. as a managing director in its investment bank.

Mr. Ryan, 47, will assume a newly created post at J.P. Morgan Securities Inc. He is charged with drumming up business from his old contacts at U.S. government agencies, government-sponsored enterprises, and international banking agencies.

"Business opportunities in Washington are not foreign to me," Mr. Ryan said. "I do know an awful lot of people in government but that is not what's important. It's that I understand the decision-making process there."

Wide Respect

Since his appointment as head of the Office of Thrift Supervision in March 1990, Mr. Ryan won wide admiration for aggressively managing the savings and loan industry cleanup. He resigned from the job in December, halfway through his five-year term.

At the OTS - and in concurrent positions on the boards of the Resolution Trust Corp. and the Federal Deposit Insurance Corp. - Mr. Ryan worked closely with Wall Street bankers on selling failed thrifts and improving the capital positions of survivors.

Mr. Ryan said he talked to a number of other investment banks before deciding to join the unit of the blue-blood commercial bank.

|Phenomenal Name'

"What most impressed me about Morgan was the people and their commitment to growing the domestic investment banking business," Mr. Ryan said in a phone interview. "Morgan is a phenomenal name."

Mr. …

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