The American Securitization Forum (ASF) opened a Washington, D.C. office in an effort to further its advocacy efforts on behalf of the securitization markets.
The trade group also named Jim Johnson as managing director in public policy. In his new role, Johnson will be reporting directly to ASF Executive Director Tom Deutsch, who will continue to be based in New York City.
Johnson was formerly a senior counsel to the U.S. Senate Committee on Banking, Housing and Urban Affairs for Ranking Member Richard Shelby (R-AL).
As senior counsel to the Banking Committee, Johnson advised the committee on various issues, such as the prudential supervision of bank and financial holding companies, asset securitization, insurance supervision, consumer protection, retail investor protection, derivatives, payment and settlement systems.
The new hire was also involved in the negotiations on the Dodd-Frank Act, housing finance reform legislation, credit card legislation and student lending legislation among others.
“I’m extremely pleased to have Jim join the ASF staff team,” Deutsch said. “Jim has a significant understanding of the securitization markets, as well as a keen understanding of the workings of Congress and the regulatory rulemaking process. With Jim on board in our new Washington of-fice, we will continue to extend our broad advocacy efforts on behalf of the securitiza-tion industry to help get credit flowing again to American consumers and businesses.”
“The opening of the ASF’s Washington office represents an important mile-stone for the ASF to give us a permanent staff presence in that critical city,” said Ralph Daloisio, chairman of the ASF Board and managing director, Natixis. “Jim makes an excellent addition to a high caliber staff team responsible for advancing ASF’s core missions of advocacy, consensus building and education.”
“I am honored to join the ASF, particularly now in such a time of policy change for the industry,” Johnson said. “The ASF has been deeply engaged in the legislative and regulatory efforts involving the securitization markets, providing impor-tant substantive feedback to policy makers in Washington. More work still needs to be done and I look forward to helping the securitization industry in its efforts aimed at re-storing the vital flow of credit to the U.S. economy.”