California's top financial regulator, William S. Haraf, head of the Department of Financial Institutions and an appointee of former Gov. Arnold Schwarzenegger, announced Monday he is leaving the agency effective March 16.
A successor being selected by Gov. Jerry Brown is to be named "very soon," said a spokeswoman.
Haraf has been with the DFI since April 2008 after a career in commercial and investment banking, federal agencies and academia. As commissioner of financial institutions, Haraf serves as the sole state bank regulatory representative on the Financial Stability Oversight Council established by the Dodd-Frank Act.
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