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Sarah Hammer
Acting Secretary

Acting Secretary
of Banking and Securities

Sarah Hammer is Acting Secretary of the Pennsylvania Department of Banking and Securities. Previously, Hammer was Managing Director of the Stevens Center for Innovation in Finance and Senior Fellow of the Harris Alternative Investments Program at the Wharton School of the University of Pennsylvania. In these roles, she focused her efforts on private capital investments and financial technology.  Hammer is also Adjunct Professor of Law at the University of Pennsylvania Law School, teaching an upper-level juris doctor course on financial regulation.
In addition, Hammer was previously Acting Deputy Assistant Secretary for Financial Institutions and Director of the Office of Financial Institutions Policy at the United States Department of the Treasury. In this role, she led and directed the Department’s policy responsibilities involving financial institutions, as well as oversaw the Federal Insurance Office and the Office of Critical Infrastructure Protection and Compliance Policy (cybersecurity).
Hammer also served on the board of the Securities Investor Protection Corporation (SIPC) and assisted the U.S. Treasury Secretary in fulfilling responsibilities on the board of the Pension Benefit Guaranty Corporation (PBGC). Hammer also served as cross-functional team lead for a full review and report by the U.S. Treasury on the U.S. financial regulatory framework.
Hammer earned a J.D. from the University of Pennsylvania Law School, an M.B.A. from the Wharton School of the University of Pennsylvania, and a Master of Studies from Oxford University. She is a Harry S. Truman Scholar and a Member of the American Law Institute.

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