FDIC chief innovation officer resigns
Sultan Meghji, chief innovation officer at the US government agency Federal Deposit Insurance Corporation (FDIC), has announced his resignation.
In a LinkedIn post, he says he’ll be resigning from FDIC on 18 February, just one year into his tenure.
“Being the first chief innovation officer of this agency has been a tremendous honour,” he writes.
“It was a dream to be able to bring my experience to help ensure the safety and soundness of the American banking system. I cannot wait to see how the agency continues to innovate in the future.”
Meghji joined FDIC last February. Previously, he was chairman and CEO at fintech start-up Neocova for five years, which he founded in 2016.
Meghji describes himself as “an active entrepreneur”, having launched and sold a number of businesses.
He started his career at the National Center for Supercomputing Applications, where he developed artificial intelligence (AI) systems and first-generation internet technologies. He then held senior business and technology roles at ABN AMRO, American Express, Monsanto, and United Airlines, among others.
He has also served as an advisor to the US Treasury, Office of the Comptroller of the Currency (OCC), and the FBI, as well as the G7 and United Nations in the areas of cybersecurity, quantum computing, and AI.