January 7, 2014
Sheila C. Bair, a finance and banking expert who has a long history of public service, has been elected to the RAND Corporation Board of Trustees, RAND President and CEO Michael D. Rich announced today.
Bair will join the Board of Trustees in April at its meeting in Washington, D.C. RAND is a nonprofit research organization.
“We are delighted that Sheila Bair will soon join the RAND board,” Rich said. “She has long been a sophisticated consumer of rigorous and objective analysis. Her knowledge, experience and stature will help RAND strengthen and expand its policy research agenda, and deliver actionable recommendations to policymakers around the world.”
Bair served as chairman of the Federal Deposit Insurance Corporation from 2006 to 2011 and remained as a director through 2013. Among her other public service, she served as assistant secretary for financial institutions at the U.S. Treasury Department and as acting chairman of the U.S. Commodity Futures Trading Commission. She has received numerous awards for her public service, including the Kennedy Library's Profiles in Courage Award and the National Academy of Public Administration's Elliot Richardson Award.
Bair currently chairs the Systemic Risk Council, a public interest group of prominent former government officials and financial experts who monitor the adoption of financial reforms in the United States, and serves as a senior advisor to the Pew Charitable Trusts. She holds a bachelor's degree from the University of Kansas, and a law degree and an honorary doctorate from the University of Kansas School of Law.