Important Notices

March 10, 2008

William Haraf Appointed Commissioner of Financial Institutions

William Haraf, Ph.D., 59 of Mill Valley, has been appointed Commissioner of Financial Institutions for the Business, Transportation and Housing Agency. Since 2005 he has served as an independent consultant with the Promontory Financial Group and a visiting professor of economics and finance for the Graduate School of Management at the University of California, Davis. From 1999 to 2003, Haraf was managing director at Banc of America Securities and, from 1994 to 1999, was senior vice president of strategic policy development and planning for Bank of America.

From 1989 to 1994, he was director of policy analysis with Citicorp and, from 1985 to 1989 was J. Edward Lundy Scholar and director of the financial markets project at the American Enterprise Institute for Public Policy Research in Washington, D.C. From 1984 to 1985, Haraf was special assistant to the chairman of President Ronald Reagan’s Council of Economic Advisors and, from 1983 to 1984, was senior staff economist at the Council. From 1979 to 1983, Haraf was assistant professor of economics at Brown University. He is a past board member of the Bank Administration Institute and past chair of the institute’s strategic issues and regulatory affairs committees. This position requires Senate confirmation and the compensation is $142,965. Haraf is a Republican.