President Trump will name Kyle Hauptman to the NCUA Board.

The White House announced on Monday that President Trump will name Kyle Hauptman to the NCUA Board.

Hauptman is currently Sen. Tom Cotton’s (R-Ark.) economic advisor as well as the Staff Director of the Senate Banking Committee’s Subcommittee on Economic Policy.
Board member J. Mark McWatters, whose term expired last August, had said he would remain on the Board until a replacement was named. McWatters is one of two Republicans serving on the Board – the other is Chairman Rodney Hood.

According to a statement from the White House, prior to joining Senator Cotton’s office, Mr. Hauptman worked on the 2016 Presidential Transition Team. And served on the United States Securities and Exchange Commission’s Advisory Committee for Small and Emerging Companies from 2015-2016.

Previously, Mr. Hauptman was a fixed-income trader in Tokyo, New York City, and Sydney, Australia. He earned his MBA from Columbia University and his B.A. from UCLA.

It is unclear when Hauptman’s nomination will be discussed and potentially confirmed. If confirmed, he would serve through August 2024.