The Financial Services Roundtable (FSR) and The Clearing House Association (TCH Association), a non-partisan advocacy and research arm of The Clearing House, announced this weekend their agreement to combine their activities in the development of a new organization.
TCH Association President Greg Baer will become CEO for the new organization. The new name has not yet been decided, according to reports. He will replace FSR CEO Tim Pawlenty, who announced last month his departure from FSR. Chris Feeney, president of FSR’s technology policy division, will assume interim responsibility for FSR until Baer becomes the CEO.
“FSR is shaping and advancing financial service and technology policies that drive the U.S. economy. These two organizations will be stronger together,” FSR Chairman Brian Moynihan, Bank of America CEO, said. “FSR’s members appreciate Tim’s leadership in transforming and improving the FSR into a highly regarded policy and research engine for America’s leading financial service companies,” Moynihan added.
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