December 7, 2022

Volume XII, Number 341

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December 06, 2022

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December 05, 2022

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A New GC For The DFPI

Last Friday, California Governor Gavin Newsom announced the appointment of Avyark “Avy” Mallik as General Counsel at the California Department of Financial Protection and Innovation.    Most recently, Mr. Mallik served as Director of Fintech Policy for the Financial Services Committee at the U.S. House of Representatives, where he was Senior Counsel from 2019 to 2021.  He was an Assistant Attorney General for the Consumer Protection Division of the Office of the Maryland Attorney General from 2018 to 2019. Mr. Mallik was Director of the Foreclosure Prevention Program and Foreclosure Prevention Staff Attorney at Civil Justice from 2013 to 2018.  He holds a Juris Doctor degree from Georgetown University Law Center.

Consistent with the California Constitution's civil service mandate (Art. VII, § 1), most employees at the DFPI are not political appointees.  In general, the Constitution exempts state officers, such as the Commissioner of Financial Protection & Innovation, and that officer's deputy or an employee selected by that officer.  Cal. Const. Art. VII, § 4(f).  In some cases other statutory authority is relied upon to create additional exempt positions. 

Mr. Mallik's appointment does not require Senate confirmation.  He will earn $191,844 per year.  

© 2010-2022 Allen Matkins Leck Gamble Mallory & Natsis LLP National Law Review, Volume XII, Number 250
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About this Author

Keith Paul Bishop, Corporate Transactions Lawyer, finance securities attorney, Allen Matkins Law Firm
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Keith Bishop works with privately held and publicly traded companies on federal and state corporate and securities transactions, compliance, and governance matters. He is highly-regarded for his in-depth knowledge of the distinctive corporate and regulatory requirements faced by corporations in the state of California.

While many law firms have a great deal of expertise in federal or Delaware corporate law, Keith’s specific focus on California corporate and securities law is uncommon. A former California state regulator of securities and financial institutions, Keith has decades of...

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