The Securities Industry and Financial Markets Association (SIFMA) today announced that it has appointed Michael Paese as Executive Vice President, Global Advocacy, with responsibility for SIFMA’s global legal, governmental, and legislative affairs and advocacy initiatives. Mr. Paese joins SIFMA from the House Financial Services Committee, where he was the Deputy Staff Director, and also brings several years of experience working in the financial markets to his new role.
“I’m extremely pleased to announce that Michael is joining the Association,” said SIFMA CEO T. Timothy Ryan, Jr. “Michael has the right combination of market, legislative and legal experience to advance the policy agendas and business interests of our members. I’m highly confident that Michael’s knowledge and skills will make him a tremendous asset to our members as he leads our global advocacy team in its work with policymakers worldwide.”
SIFMA’s advocacy team includes the Office of the General Counsel and Government Relations, globally. Mr. Paese, who begins his career with SIFMA on September 15, will be based in Washington, D.C. and report to Mr. Ryan.
In his most recent position as Deputy Staff Director, Mr. Paese, along with other staff of the House Financial Services Committee, directed policy related to the financial services agenda of the Committee, which included banking, securities and insurance. Prior to that position, he worked at Mercantile Bankshares Corporation for several years, where he served as Executive Vice President, Chief Administrative Officer, Chief Risk Officer and Deputy General Counsel. Before joining Mercantile, Mr. Paese held the position of Senior Minority Counsel with the House Financial Services Committee, where he worked closely with the Committee and regulators on issues relating to the U.S. and international capital markets. He has also held positions at J.P. Morgan Chase & Co. in equity capital markets and was an attorney at Davis Polk & Wardwell as a member of the financial institutions practice.
“I’m delighted to be joining SIFMA, especially at this critical time in the markets,” said Mr. Paese. “As the global voice of the securities industry, one of SIFMA’s most important roles is to bridge the gap between the financial industry and legislative policy makers and regulators. I look forward to leading this effort for our members.”
Mr. Paese holds a B.A. from Notre Dame and a J.D. from Notre Dame Law School.
While Mr. Paese remains employed by the House Financial Services Committee, he will be recused from any matter in which SIFMA or its members appears or has appeared or expresses or has expressed a view to the Committee and will be on leave.