Former Minnesota Governor and one-time Republican Presidential candidate Tim Pawlenty was named president and CEO of the Financial Services Roundtable today. Pawlenty will take over for long-time CEO Steve Bartlett who announced his retirement earlier this year.
Pawlenty, 51, served as Governor of Minnesota from 2003-2011 and, before that, was a member of the state’s House of Representatives from 1993-2003, where he served two terms as Majority Leader. From 2007–2008, he chaired the bipartisan National Governors Association. Since the Financial Services Roundtable is a bipartisan organization, Pawlenty will step down as the national co-chair of the Romney for President campaign.
“I’m excited about this new challenge,” Pawlenty said in a statement. “Few industries have more impact on the entire economy – and on the lives of average Americans – than financial services. I realize there is still work to be done to continue to earn customers’ confidence. Our members will best accomplish that goal by responsibly investing every day in our communities and job creators. I look forward to working closely with decision makers from both parties on issues related to our nation’s banks, insurance companies and investment firms so that they can continue to provide fuel for America's economic engine."
The Financial Services Roundtable represents 100 integrated financial services companies providing banking, insurance, and investment products and services. Roundtable member companies account directly for $92.7 trillion in managed assets and $1.2 trillion in revenue.