Susan Donegan ('90) appointed Commissioner of the Vermont Department of Financial Regulation
Source: Vermont Department of Financial Regulation
Vermont Governor Peter Shumlin announced today the appointment of Deputy Commissioner of Insurance Susan L. Donegan to the position of Commissioner of the Vermont Department of Financial Regulation. She succeeds Commissioner Stephen W. Kimbell.
The commissioner is the chief regulator of the State’s financial-services industry, supervising traditional and captive insurance companies and their representatives, state-chartered banks and credit unions, licensed and brokers and all other non-depository financial institutions, as well as securities broker dealers and investment advisors.
Ms. Donegan is a seasoned attorney with broad subject-matter knowledge of financial services regulation. She holds a law degree from Vermont Law School, an LL.M. master’s degree in Banking and Financial Services Law from Boston University School of Law and an LL.M. degree in European Union and International Trade Law from Amsterdam Law School at Universiteit van Amsterdam.
Ms. Donegan worked at the department from 1985-1990 and was the department’s first Director of Securities Regulation. She also held the position of Counsel to the Commissioner and Hearing Officer at the Massachusetts Division of Insurance from 2008-2011 before returning to Vermont to assume the Deputy position. Ms. Donegan was in private law practice for many years in Boston and overseas at a major Dutch law firm specializing in financial services law and regulation, private international law, litigation, data protection and privacy law.
As commissioner, Ms. Donegan will continue representing the state at the National Association of Insurance Commissioners where she is a member of International Insurance (G) Committee, Market Regulation and Consumer Services (D) Committee and is chair of the Corporate Governance Working Group. Ms. Donegan is admitted to practice law in Vermont, Massachusetts, New York, California and is qualified as a Solicitor in the Republic of Ireland and England and Wales.