January 18, 2008 Paul Smocer was hired by BITS, a division of the Financial Services Roundtable, to lead its security program. Smocer will join BITS on Feb. 15, as VP of security. Smocer has over 30 years' experience in security and control functions, most recently focusing on technology risk management at The Bank of New York Mellon and leading information security at the former Mellon Financial. While at Bank of New York Mellon and at Mellon, Smocer was actively engaged with BITS as a member of its Vendor Management Working Group, as 2005 Chair of its Security Steering Committee, and as 2004 Chair of its Operational Risk Committee.

Additionally, BITS has shifted key leadership responsibilities in Regulation and Vendor Management. John Carlson, SVP of Regulatory Affairs, who has managed the Security program since joining BITS in 2002, will now focus solely on regulatory issues. Also, John Ingold was named director of vendor management, addressing outsourcing, global sourcing and performance management. Ingold previously served as Director of Communications and on BITS' Security team.

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