Karima M. Woods was appointed Acting Commissioner of the District of Columbia Department of Insurance, Securities and Banking (DISB) on January 21, 2020. The Council of the District of Columbia confirmed Woods as Commissioner on July 28, 2020. As Commissioner of the DISB, Woods is responsible for cultivating a regulatory environment that protects consumers and attracts and retains financial services firms to the District, empowering and educating residents on financial matters and providing financing for small businesses. Since beginning at DISB, Woods has focused on developing and implementing DISB’s response to COVID-19 while focusing on cultivating the strengths of the agency.
Woods previously served as the Director of Business Development and Strategy in the Office of the Deputy Mayor for Planning and Economic Development (DMPED), where she provided strategic leadership, stakeholder engagement and global outreach to the business community. Ms. Woods has held several positions within DMPED, including Deputy Director of Business Development and International Business Manager, where she helped shape signature business development initiatives, attract foreign direct investment and establish new business relationships with international markets. Her leadership has led to the successful execution of the Mayor’s economic strategy and the District’s business attraction and retention efforts across key sectors. Her work has also contributed to several policy outcomes, including increased investment in underrepresented entrepreneurs to address the human, social and financial capital required to grow and expand. Ms. Woods has served on several boards and commissions, including the Mayor’s Innovation Technology Inclusion Council, the Washington DC Economic Partnership, Destination DC and the Greater Washington Board of Trade Council on Economic Development Officials.
Woods holds a M.B.A. from George Washington University and B.A. in law and society from the University of California at Santa Barbara.
Woods is married and lives with her husband and two daughters in Washington, DC.