Ex-Minnesota Gov. Pawlenty Named CEO of Financial Services Roundtable

Former Gov. Tim Pawlenty of Minnesota on Thursday was named president and CEO of The Financial Services Roundtable, replacing longtime CEO Steve Barlett, who is retiring.

“I’m excited about this new challenge,” Pawlenty said, in a statement. “Few industries have more impact on the entire economy—and on the lives of average Americans—than financial services. I realize there is still work to be done to continue to earn customers’ confidence. Our members will best accomplish that goal by responsibly investing every day in our communities and job creators. I look forward to working closely with decision makers from both parties on issues related to our nation’s banks, insurance companies and investment firms so that they can continue to provide fuel for America’s economic engine.”

Because The Financial Services Roundtable is a bipartisan organization, Pawlenty will step down as a national co-chairman of the Mitt Romney for President campaign. “My time in public service was rewarding and focused on achieving results,” Pawlenty said. “I am grateful to have had the opportunity to serve, but I am now moving on and committed to focusing fully on this new opportunity.”