Magazine article American Banker

President of Top Big-Bank Trade Group Stepping Down

Magazine article American Banker

President of Top Big-Bank Trade Group Stepping Down

Article excerpt

Byline: Rob Blackwell

WASHINGTON -- Paul Saltzman, the president of The Clearing House Association who helped to significantly raise the trade group's profile in recent years, is stepping down to pursue other opportunities, the group said Thursday.

The announcement came as a surprise. Although the Clearing House is the country's oldest banking trade group, its profile in Washington was relatively low until Saltzman took the reins of its advocacy arm in 2009. Since that time, he has helped boost The Clearing House's visibility, including in the banking industry's battles over the Durbin amendment, new capital rules and other fallout from the Dodd-Frank Act.

"You see The Clearing House taking the lead in virtually every major regulatory matter with quality analysis and research," said H. Rodgin Cohen, a partner at Sullivan and Cromwell, in an interview. "Paul has certainly burnished the prestige of The Clearing House, but more importantly has created a strong sounding board for the largest U.S. banks."

The trade group agreed Saltzman had made a big impact.

"Paul always took pride in The Clearing House's storied history, and I can say with confidence that at no other time in TCH's history was our advocacy more prolific than it was under his leadership," said Jim Aramanda, CEO of The Clearing House, in a press release. "I appreciated Paul's sound counsel over the past few years and wish him well in his future endeavors."

Greg Baer, the head of regulatory policy at JPMorgan Chase, said that "Paul established the Clearing House as a source of quality research and analysis, ready to engage openly with regulators or anyone else interested in banking policy.

"He leaves behind a great team ready to carry on this important work," he added.

Saltzman's next move is unclear as is who will be tapped as his successor at the trade group. …

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