Joseph Cox joins Oliver Wyman as partner in financial services practice

Joseph Cox, a former assistant director at the Federal Reserve, has joined consulting firm Oliver Wyman as a partner in its banking and financial services industry practice and its finance, risk, and restructuring practice. 

Based in Washington, DC, Cox will help financial institutions navigate opportunities in stablecoins and tokenized deposits in the wake of the Genius Act. Passed in July 2025, the US federal law is the first comprehensive regulatory framework for payment stablecoins.

“The passage of the GENIUS Act has created a transformative moment in how value is stored and transferred, with massive implications for banks, payment providers, and investors,” Cox said. “I want to help clients find opportunities and solve challenges related to stablecoins, tokenized deposits, and crypto.”

Cox previously spent 13 years with the Federal Reserve Board of Governors. Most recently as an assistant director he helped build and lead the Novel Activities Supervision Program, which supervised banks engaged in crypto, distributed ledger technology, and fintech activities.

Before that, he was a manager in the policy planning department and lead financial analyst in the Large Institution Supervision Coordination Committee.

Cox has a master’s degree in public policy from Georgetown University and a bachelor’s degree from Duke University.

“We’re confident [Joseph Cox’s] expertise in bank supervision, regulation, and risk management will drive significant value for our clients across the globe,” Oliver Wyman said in a post on its LinkedIn page.

Oliver Wyman has approximately 7,000 employees delivering consulting in strategy, operations, sales and marketing, and digital, among other areas.

The firm in September added Susan Roth Katzke as a senior advisor to its banking and financial services practice.