New York Community Bancorp has hired a former Skadden, Arps, Slate, Meagher & Flom partner with deep regulatory experience as its general counsel—part of a complete overhaul of top management that appears aimed at assuaging regulatory concerns.

Bao Nguyen’s arrival marks a pivotal moment in the bank’s recent management shake-up that included the departure of his predecessor Patrick Quinn, who joined NYCB in 1999 and has held the GC position for the last two years.