CONTACT: Barbara Hagenbaugh
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bhagenbaugh@fsforum.com
Forum CEO Announces Departure
Washington, D.C. – Financial Services Forum President and CEO Kevin Fromer announced today he plans to depart the organization. He will continue to lead the Forum until a successor is named.
Over the past eight years, Fromer has revitalized and refocused the association on behalf of the nation’s eight leading financial institutions to demonstrate their value throughout the economy, educate policymakers about their key priorities, and amplify their direct advocacy as authoritative and reliable industry voices.
“I joined the Financial Services Forum nearly eight years ago determined to elevate the understanding and influence of America’s eight leading banks, and to build bipartisan support for policy that would strengthen their ability to serve their customers and fuel the American economy. We have delivered on these goals, with particular impact on major capital rules, including Basel III Endgame. Leading this work, and my excellent team, has been an honor, and now is the appropriate time to welcome another leader who will build on the organization’s tremendous success,” Fromer said.
“Under Kevin’s leadership, the Forum has been a driving force in uniting our industry and strengthening our voice – providing critical guidance as we all navigated challenges including the regional banking crisis and advocated for revisions to Basel III Endgame. We wish Kevin well as he embarks on his next chapter, and we look forward to building on his vision for the future of the Forum,” said Jane Fraser, Citi CEO and Chair of the Forum’s Board.
Fromer joined as Forum President and CEO in 2017. Previously, he was Executive Vice President and Head of Public Affairs for HSBC North America Holdings, and senior advisor to the chief executive of Legg Mason Global Asset Management. Before moving to the private sector, Fromer spent two decades in the U.S. federal government, including as the Senate-confirmed Assistant Secretary of the Treasury for Legislative Affairs.
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The Financial Services Forum is an economic policy and advocacy organization whose members are the eight largest and most diversified financial institutions headquartered in the United States. Forum member institutions are a leading source of lending and investment in the United States and serve millions of consumers, businesses, investors, and communities throughout the country. The Forum promotes policies that support savings and investment, financial inclusion, deep and liquid capital markets, a competitive global marketplace, and a sound financial system.
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