The Clearing House (TCH) has named a new leader to its team.
Greg Baer was named the next President of the TCH, and brings to the organization his more than two decades of experience — specializing in law and regulation, both in the private and public sectors. His new role will have him leading the association’s analytical, litigation and advocacy efforts, which focus on promoting sensible regulatory policies that provide for a resilient banking system capable of supporting economic growth.
Baer, who will step into the roll Oct. 5, will also serve as General Counsel of The Clearing House Payments Company, a role in which he will oversee the legal, compliance and litigation functions for the organization’s payments business. He will have an office in both the Clearing House’s Washington, D.C., office and New York headquarters.
“I have known Greg for years, and he is intelligent, thoughtful, and collaborative – all of which will serve him well as he takes charge of the Association,” said Jim Aramanda, CEO of The Clearing House. “Having spent nearly an equal amount of time working in the public and private sectors, Greg brings with him a depth and breadth of experience in financial regulation and public policy that will no doubt help us achieve our mission of promoting a safer, sounder, and more efficient banking system.”
Brian Moynihan, CEO of Bank of America, who also serves as Chairman of The Clearing House’s Supervisory Board, remarked: “Greg is a seasoned industry executive with deep regulatory policy skills. He will be a strong leader for TCH’s policy work.”
Baer joins from JPMorgan Chase, where he was Managing Director and Head of Regulatory Policy, having previously served as General Counsel for Corporate and Regulatory Law. Prior to that, he served as Deputy General Counsel for Corporate Law at Bank of America and was a Partner at Wilmer, Cutler, Pickering, Hale & Dorr.
“The Clearing House is known for bringing thoughtful, credible analysis to the dialogue on how to continually strengthen the commercial banking industry and the financial system, and the organization requires leadership with extensive on-the-ground experience dealing with these important and consistently complex issues,” said Paul Harris, Secretary and General Counsel of KeyCorp and Chairman of The Clearing House Association Board. “That is exactly what we have found in Greg. He knows the issues inside and out and has worked side-by-side with regulators and policymakers, helping to promote a stronger banking system throughout his career.”
He also spent more than 10 years in public service working at the U.S. Department of Treasury and the Board of Governors of the Federal Reserve System. Baer rose to be Assistant Secretary for Financial Institutions in that role, a position for which he was presidentially appointed and Senate confirmed. At the Federal Reserve he served as Managing Senior Counsel and was awarded the Federal Reserve’s Special Achievement Award.
Baer holds a J.D. from Harvard Law School, where he was managing editor of the Harvard Law Review, and an A.B. from the University of North Carolina at Chapel Hill.
“I’m honored to be leading the Clearing House Association,” Baer said. “In my time as a regulator and policymaker, I looked to this organization as a source of thoughtful and credible analysis of the most difficult regulatory issues, and I will strive to maintain that tradition. I’m also pleased that a great team is in place to help in that effort. I also look forward to joining the Payments Company at a time of great opportunity and challenge.”
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