U.S. bank regulator Sheila Bair will join Pew Charitable Trusts in September as a senior adviser, the non-profit organization said on Friday.

Bair, who is leaving her role as chairman of the Federal Deposit Insurance Corp on Friday, will provide counsel to the non-partisan group on fiscal and economic stability matters.

FDIC Vice Chairman Martin Gruenberg will become acting chairman later on Friday. The White House has nominated Gruenberg to become the next head of the agency responsible for ensuring the safety of deposits at more than 7,000 U.S. banks.