Financial Services Forum

From Wikipedia, the free encyclopedia

The Financial Services Forum is a non-partisan financial and economic policy organization comprised of the CEOs of 20 of the largest and most diversified financial services institutions doing business in the United States. It has been called “perhaps the country’s most powerful trade association” by TIME Magazine.

Under the leadership of CEO and former U.S. Commerce Secretary Donald L. Evans, who follows former CEO Rick Lazio, the Forum claims it is working to educate the public and policy-makers about the importance of robust capital markets; influence the national and international regulatory debate; and promote a competitive global marketplace and the free flow of capital.

As a group, the Forum’s member institutions employ more than 1.5 million people and hold combined assets of more than $12 trillion – an amount greater than the annual output of the U.S. economy. Forum institutions are currently active in more than 165 nations around the world.^{[citation needed]}

Charles Prince, former chairman and chief executive officer of Citigroup, is the chairman of the Forum. Prince succeeds Treasury Secretary Henry M. Paulson who served as the Forum’s chairman prior to being nominated as secretary of the Treasury. Other past Forum chairmen include Philip J. Purcell, former chairman and CEO of Morgan Stanley, and William B. Harrison, Jr., chairman and former CEO of JP Morgan Chase.^[1]