The Securities Industry and Financial Markets Association (SIFMA) appointed Michael Paese as executive vice president, global advocacy, with responsibility for association's global legal, governmental, and legislative affairs and advocacy initiatives.
The new hire joins SIFMA from the House Financial Services Committee, where he was the deputy staff director.
"I'm extremely pleased to announce that Michael is joining the Association, said SIFMA CEO T. Timothy Ryan, Jr. "Michael has the right combination of market, legislative and legal experience to advance the policy agendas and business interests of our members. I'm highly confident that Michael's knowledge and skills will make him a tremendous asset to our members as he leads our global advocacy team in its work with policymakers worldwide.
SIFMA's advocacy team includes the Office of the general counsel and government relations, globally. Paese, who starts on Sept. 15, will be based in Washington, D.C. and report to Ryan.
In his most recent position as deputy staff director, Paese, along with other staff of the House Financial Services Committee, directed policy related to the financial services agenda of the Committee, which included banking, securities and insurance. Before that position, he worked at Mercantile Bankshares Corp. for several years, where he served as executive vice president, chief administrative officer, chief risk officer and deputy general counsel.
Before joining Mercantile, Paese held the position of senior minority counsel with the House Financial Services Committee, where he worked closely with the Committee and regulators on issues relating to the U.S. and international capital markets.
Paese also held positions at JPMorgan Chase in equity capital markets and was an attorney at Davis Polk & Wardwell as a member of the financial institutions practice.