WASHINGTON — Kevin Fromer, CEO of the Financial Services Forum, will leave the group once a successor is named, the Forum said in a press statement Monday.
Fromer, a former Assistant Treasury Secretary for Legislative Affairs, joined the FSF in 2017. Right before joining the FSF, he was a senior government affairs official at HSBC North America Holdings.
Fromer led a transformation of the trade organization to focus on the eight largest financial institutions in the aftermath of the 2008 financial crisis through the Dodd-Frank era. Before Fromer’s tenure, the FSF represented a broader group of financial industry companies, including asset managers and insurance companies.
“I joined the Financial Services Forum nearly eight years ago, determined to elevate the understanding and influence of America’s eight leading banks, and to build bipartisan support for policy that would strengthen their ability to serve their customers and fuel the American economy,” Fromer said in a statement. ‘We have delivered on these goals, with particular impact on major capital rules, including Basel III Endgame. Leading this work, and my excellent team, has been an honor, and now is the appropriate time to welcome another leader who will build on the organization’s tremendous success.”
Jane Fraser, the CEO of Citi and chair of the Forum’s board, said that the Forum’s board members “look forward to building on his vision for the future of the Forum.”