SIPC Names Michael L. Post New President and CEO

WASHINGTON, D.C. – June 13, 2025 - The Securities Investor Protection Corporation’s (SIPC) Board of Directors announced today that Michael L. Post will become its next President and Chief Executive Officer. An experienced organizational leader and securities lawyer currently serving as SIPC’s General Counsel, Mr. Post succeeds Josephine Wang, who is retiring June 30. Mr. Post will assume the new role on July 1.

“Mike has become a trusted advisor to SIPC and its Board, is well known as an effective liaison to SIPC’s array of stakeholders, and consistently brings a steady hand to address complex challenges,” said Board Chair Claudia Slacik. “The Board engaged a global search firm to fill the position, and found that Mike’s strong leadership abilities, expertise and breadth of experience in areas of significance to SIPC, and successful track record as General Counsel made him the most qualified candidate.”

Mr. Post brings a combination of industry, government, self-regulatory, and law firm experience to the role. Before serving as SIPC’s General Counsel, a role he has held since 2022, he was an in-house counsel at Bank of America Merrill Lynch, and previously General Counsel at the Municipal Securities Rulemaking Board (MSRB). He served for more than ten years in various senior roles at the U.S. Securities and Exchange Commission (SEC), including as counsel to SEC Chairman Christopher Cox and as senior litigation counsel in its Appellate and Bankruptcy Litigation Group. He received the Manuel F. Cohen Outstanding SEC Younger Lawyer Award. Prior to government service, Mr. Post was in private practice in the Supreme Court and Appellate Litigation Group at Sidley Austin LLP in Washington, D.C. He began his career as a law clerk to the Honorable Paul J. Kelly, Jr., on the U.S. Court of Appeals for the Tenth Circuit.

"I am honored by the Board's selection and consider it a true privilege to lead SIPC, especially as the dynamic securities industry continues to evolve," Mr. Post said. "I am deeply committed to SIPC’s vital mission to promote investor confidence, which is essential to efficient capital formation. I look forward to continuing to further that mission with the help of my talented and dedicated colleagues and through active engagement with our members.”

Mr. Post steps into the position held by Ms. Wang, who has served as SIPC’s President and CEO since 2019 and joined the organization as a staff attorney in 1983.

“On behalf of the entire Board, I would like to thank Josephine for her distinguished service of more than 40 years to SIPC,” said Chair Slacik. “Her analyses, judgments, and devoted efforts have led time and again to excellent outcomes for the investors SIPC serves.”

Mr. Post earned his J.D., with high honors, from the George Washington University Law School, where he was elected to the Order of the Coif and was a senior editor of the Law Review. He holds a B.A. in economics from UCLA. He is a past Vice Chair of the Steering Committee of the D.C. Bar’s Corporation, Finance and Securities Law Community.

Created by Congress, SIPC was established as a nonprofit corporation under the Securities Investor Protection Act of 1970. It is tasked with creating and administering a Fund that is used to restore investors’ missing assets in the event of a brokerage firm failure. Since 1971, through 330 liquidation proceedings and direct payment procedures, SIPC has distributed more than $140 billion for the benefit of more than 773,000 investors who otherwise might have lost their life savings.