Former BlackRock Executive and US Treasury Official Peter Fisher to Join Systemic Risk Council

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WASHINGTON, March 13, 2017 /PRNewswire/ -- The Systemic Risk Council today announced the addition of Peter R. Fisher as its newest member joining the top financial leaders Jean-Claude Trichet and Paul Volcker who serve as Senior Advisers to the Council.

Mr. Fisher is a senior lecturer at the Tuck School of Business at Dartmouth College, and a senior fellow at the Tuck Center for Global Business and Government. He is a former senior official at the Federal Reserve and at US Treasury, after which he worked at BlackRock.

Sir Paul Tucker, Chair of the Systemic Risk Council, said, "We are absolutely delighted that Peter is joining us, bringing great experience of the financial system from both a regulatory and private sector perspective, and with deep knowledge of both sides of the Atlantic. At a moment when officials are flirting with rolling back the regulatory reforms and exposing the public to renewed risk, Peter's independent mindset will be of great value in our deliberations."

Sheila Bair, the founding chair of the SRC from 2012 to 2015 and Chair of the Federal Deposit Insurance Corporation from 2006 to 2011, commented that the addition of Mr. Fisher maintains the SRC's status as a leading independent authority on systemic risk. "He will be a marvelous addition to our group, which depends on deep experience and understanding of financial market stability."

The CFA Institute, a non-profit, non-partisan professional association that administers the Chartered Financial Analyst (CFA®) designation lead the creation of the Council in 2012.  Paul Smith, its CEO and President said, "We are delighted to see the addition of Peter Fisher to this increasingly important global council. There are few other independent, private sector inputs into the ongoing process of financial regulatory reform, which is as important today as it has ever been.  Mr. Fisher's addition to the Council will further enhance its credibility with global policymakers."

About Peter Fisher:

Mr. Fisher is a senior lecturer at the Tuck School of Business at Dartmouth College, and a senior fellow at the Tuck Center for Global Business and Government.  He has been Senior Director of the Blackrock Investment Institute since February 2013.  From 2004 to 2013, he worked at BlackRock. He served as the Head of Fixed Income and also served as its Co-Head of Fixed Income Portfolio Management Group.  Previously, he served as the Head of Domestic Finance at the U.S. Treasury. He served as an Under Secretary of the U.S. Treasury, where he had primary responsibility for U.S. debt management. He served as an Executive Vice President of the Federal Reserve Bank and its Manager of the System Open Market Account from 1995 to 2001. From 1985 to 2001, He worked at Federal Reserve Bank of New York and was responsible for all of its open market and foreign exchange operations. He served as the Under Secretary for Domestic Finance of the U.S. Treasury from August 2001 to October 2003. He worked at Bank for International Settlements. He has extensive experience in public sector, including dealing with complex asset and liability management issues. From 2005 to 2007, he served as the Chairman of BlackRock Asia. He has been a Director of KCG Holdings, Inc. since January 18, 2017 and American International Group, Inc. since May 12, 2014. He serves as a Non-Executive Director of the Financial Services Authority of the United Kingdom. He serves as a Director at AIG, Inc., the John F. Kennedy Library Foundation and the Peterson Institute for International Economics. He is also a Member of the Board of the Episcopal Church Foundation. He served as an Independent Non-Executive Director at The Financial Conduct Authority from January 19, 2007 to March 31, 2013. Mr. Fisher holds a JD from Harvard Law School in 1985 and a BA in History from Harvard College in 1980.

Notes for Editors:

The independent, non-partisan Systemic Risk Council (www.systemicriskcouncil.org) was formed in 2012 to monitor and encourage regulatory reform of U.S. and global capital markets, with a focus on systemic risk. The Council is funded by the CFA Institute, a global association of more than 145,000 investment professionals who put investors' interests first and set the standard for professional excellence in finance. The statements, documents, and recommendations of the private sector, volunteer Council do not necessarily represent the views of the CFA Institute. The Council works collaboratively to seek agreement on each of its recommendations.

CONTACT: David Evanson, 1-215-460-8149, [email protected]

SOURCE Systemic Risk Council