FDIC's chief innovation officer to resign

The first chief innovation officer at the Federal Deposit Insurance Corp. is resigning. 

Sultan Meghji disclosed in a tweet Tuesday that he will step down on Feb. 18. 

“Being the first chief innovation officer of this agency has been a tremendous honor,” he said in the tweet. 

“It was a dream to be able to bring my experience to help ensure the safety and soundness of the American banking system,” he added. “I cannot wait to see how the agency continues to innovate in the future."

Meghji was appointed to the position in February 2021. His resignation comes two weeks after Jelena McWilliams announced plans to resign as FDIC chairman. She is set to resign on Feb. 4.