Financial Services Roundtable CEO Tim Pawlenty announced on Feb. 6 that he will be resign from his post, effective in March.
"FSR is now poised to provide even more focused and effective service for our members going forward. Over the past 5 years, I have enjoyed leading FSR's efforts to improve cybersecurity, retirement savings, consumer-friendly financial service technology, and financial literacy," Pawlenty said in a statement.
"Tim will be really missed, but we are thankful for his effective and collegial leadership on behalf of the financial services industry which helps finance America's economy and provide the financial infrastructure that every consumer uses every day," FSR Chairman and Bank of America CEO Brian Moynihan said.
Pawlenty previously served as Minnesota’s governor, was a candidate for president, and a finalist in the 2012 election to serve as vice president under Republican Mitt Romney. He is reportedly mulling another bid as governor in Minnesota.
FSR, an advocacy organization and Washington lobbyist serving the interests of America’s financial services industry, include members from leading banking, insurance, asset management, finance and credit card companies. Membership is focused at the CEO level of financial firms.
Pawlenty helped preside over a retooling of the organization’s membership, paring the roster down to roughly half of what it had been throughout 2017. The overhaul, by targeting banks holding more than $25 billion in assets, was intended to focus more narrowly on the needs of large financial institutions, rather than previous work on behalf of small- and medium banks and payment companies