The Consumer Bankers Association (CBA) recently appointed
Kelvin Chen as senior executive vice president, head of policy, according to a press
release by the trade organization representing some of the nation’s largest
banks. This newly established position is intended to bolster CBA’s policy objectives
on behalf of its members.
In his new role, Chen will oversee and coordinate CBA’s
regulatory, legislative, and communications teams, along with a newly
established policy research function. Chen will be working with:
·
David Pommerehn, Senior Vice President, General
Counsel, Head of Regulatory Affairs;
·
Sam Whitfield, Senior Vice President, Head of
Congressional Affairs;
·
Billy Rielly, Senior Vice President, Head of
Public Affairs; and
·
James Mulholland, who has joined the
organization as Vice President, Policy Analyst, a new position created to help
CBA continue to bring quantitative and qualitative analysis to the critical
issues and discussions currently facing the banking industry.
Working with CBA’s executive leadership team, Chen will report
to CBA President and CEO Lindsey Johnson.
“I’m incredibly pleased to announce that Kelvin Chen has
joined CBA as Senior Executive Vice President, Head of Policy. Kelvin is widely
known as one of the brightest minds in his field,” Commenting on Kelvin’s hire,
CBA President and CEO Lindsey Johnson said in the release. “Amidst so much
legislative and regulatory action affecting America’s leading banks, his deep
connections and thought leadership will help to ensure CBA continues to
successfully promote sound banking policy on behalf of our entire membership
and the millions of consumers they serve.”
Chen joins CBA from Barclays U.S. Consumer Bank, where he
led the company’s regulatory affairs operations. He also was a member of the bank’s
executive committee. He also brings to CBA extensive experience in senior
positions in the government at the Federal Reserve and the Consumer Financial
Protection Bureau, as well as in the private sector.
“Since the early days of the CFPB, I have long respected and
appreciated the Consumer Bankers Association for its thoughtful, practical
policy insights on behalf of America’s retail banks,” Chen said. “And in my
time as a CBA member, I could always count on CBA to be nimble, nuanced, and
relentlessly client-focused in helping my financial institution navigate and
influence policy change. I’m really excited to now be joining such a premier
organization. CBA has such an important and daunting mission – particularly
given the tumultuous and varied areas of change banks must navigate in the
current environment. I’m looking forward to joining the CBA team in its work to
elevate the voices of the nation’s retail banking industry and the consumers
our members serve.”
Chen and Mulholland’s positions are part of CBA’s efforts to
develop as an organization to better serve its members through unique insights
and successful advocacy efforts, the release notes.