CHICAGO, July 16, 2018 (GLOBE NEWSWIRE) -- The Center for Financial Services Innovation (CFSI), the nation’s authority on consumer financial health, today announced the addition of Garry Reeder as Vice President, Innovation and Policy.
In this role, Reeder will set the strategic direction and be responsible for execution of CFSI’s innovation portfolio and policy activities. Reeder will also be responsible for leading the Financial Solutions Lab , a community of startups, financial services companies, and nonprofit organizations building solutions to improve financial health in America. The Lab is managed by CFSI with founding partner JPMorgan Chase & Co.
“Innovation is at the heart of what we do at CFSI,” said Jennifer Tescher, founder and CEO of CFSI. “Garry brings an incredible depth of knowledge, a strong commitment to consumers, and an expansive network to our team. He will be invaluable in furthering our mission of supporting pro-consumer innovation in financial services.”
Prior to joining CFSI, Reeder spent a number of years advising financial service providers and investors on issues related to consumer protection and government regulation, including existing and proposed regulations, supervisory matters, and enforcement actions. He was a co-founder of Fenway Summer -- a consumer finance advisory and investment firm; and headed the Consumer Financial Services Advisory Practice at BlackRock. His broad experience in regulatory matters stems from his work at the CFPB, FDIC, US Treasury, and in the asset management industry.
“Financial services at its best enables consumers to pursue opportunity and to protect against misfortune,” said Reeder. “I’m excited to join an organization that harnesses talent, capital, and partnerships to assist providers in sustainably meeting consumers’ needs.”
Reeder was a member of the original team at the U.S. Treasury Department charged with staffing the Consumer Financial Protection Bureau (CFPB) and setting its strategic, operational, and policy priorities. In addition to serving as Chief of Staff, he envisioned and helped develop the CFPB’s Project Catalyst, a program focused on fostering consumer-friendly innovation. Reeder also served as the FDIC Deputy representing the CFPB and was a member of the Deputies Committee and Systemic Risk Committee of the Financial Stability Oversight Council (FSOC). Before joining the CFPB, he was a member of the Treasury Department’s Auto Team, which managed the Troubled Asset Relief Program’s (TARP) auto investments, including the $23 billion IPO of General Motors.
Prior to his service at the CFPB and the U.S. Treasury Department, Reeder spent a decade in the asset management business at Ziff Brothers Investments covering financial institutions and at Sanford C. Bernstein & Co. covering the media industry.
Reeder holds a B.A. in History from Yale College and an M.B.A from Columbia Business School. He will be based out of Washington DC and will be a member of the Program Leadership Team at CFSI, reporting to CFSI Chief Program Officer John Thompson.
About CFSI The Center for Financial Services Innovation (CFSI) is the nation’s authority on consumer financial health. CFSI leads a network of financial services innovators committed to building a more robust financial services marketplace with higher quality products and services, specifically for those who are struggling. Through its Compass Principles and a lineup of proprietary research, insights, and events, CFSI informs, advises, and connects members of its network to seed the innovation that will transform the financial services landscape. For more on CFSI, go to www.cfsinnovation.org and follow us on Twitter at @CFSInnovation.
Media Contact: Michael Azzano Cosmo PR for CFSI 415/596-1978 michael@cosmo-pr.com
