FOR IMMEDIATE RELEASE

CONTACT:
Jill Hershey
202.649.4601

David Helene
212.613.0150

New York, NY – May 20, 2014 – The Clearing House Association (TCH) today announced that it has added four new hires to enhance its research, communications, and regulatory advocacy functions.

On May 22, TCH will welcome Mr. Sean Oblack to its team as Senior Vice President, Media and Public Affairs. Transitioning from the Senate Banking Committee Majority staff under Chairman Tim Johnson (D-S.D.), where he served as Communications Director and Press Secretary, Sean will be responsible for all media and public relations affairs, and all strategic communications initiatives. Sean also played a key role for former Senate Banking Committee Chairman Chris Dodd during consideration of the Dodd-Frank Act where he developed and executed an effective media strategy around the now landmark legislation.

“Having been at the forefront of the conversation around financial regulatory reform, and ultimately the adoption of the Dodd-Frank Act, Sean has a unique understanding of how to communicate issues of critical importance to the financial services industry,” said Jill Hershey, TCH’s Head of Governmental Affairs. “Sean’s experience will be a wonderful complement to our team, and I anticipate that he will greatly enhance TCH’s broad communications efforts.”

On May 19, Dr. Alexey Levkov joined TCH as Senior Vice President, Director of Quantitative Analytics, in which role he will be responsible for managing key TCH quantitative research initiatives related to core areas of TCH advocacy, including capital and stress testing. Alexey joins TCH from the Federal Reserve Bank of Boston, where during his four-year tenure, he was responsible for participating in the development and execution of the supervisory wholesale stress-test model for CCAR, on-site review of large bank Basel risk models, and a variety of other initiatives. Alexey received his Ph.D. in economics from Brown University.

Mr. Michael Donnelly will join TCH on June 16 as Vice President, Research and Policy, in which role he will assist on key TCH research and advocacy initiatives. Michael joins TCH from the Office of Financial Research of the U.S. Department of Treasury, where, as Deputy Chief of Staff and member of the senior management team, he helped shape the systems, processes, and agenda of the OFR. 

“Alexey and Michael each possess a wealth of invaluable expertise and experience in key areas of research and regulatory policy in which TCH is deeply engaged,” said Bob Chakravorti, TCH Chief Economist. “We are extremely pleased to add their institutional knowledge and unique insights to our organization and have no doubt that they will further TCH’s commitment to its empirically-based advocacy informed by credible and thoughtful quantitative research.”

TCH is also pleased to announce Mr. Jarryd Anderson, who joined TCH on April 21 as Vice President, Regulatory Affairs. Having joined TCH from the Board of Governors of the Federal Reserve System, where he played an important role in the Fed's post-Dodd Frank Act resolution and recovery work, assisting in rule writing and policy development, reviewing bank resolution plans, and serving as special liaison to on-site Federal Reserve Bank examiners on resolution planning issues, Jarryd is operating as one of TCH’s principal staff advisors, with a focus on resolution and living will advocacy initiatives, bank regulatory and compliance issues, and a variety of other special projects.

About The Clearing House Established in 1853, The Clearing House is the oldest banking association and payments company in the United States. It is owned by the world’s largest commercial banks, which collectively employ more than two million people and hold more than half of all U.S. deposits. The Clearing House Payments Company L.L.C. provides payment, clearing, and settlement services to its member banks and other financial institutions, clearing almost $2 trillion daily and representing nearly half of the automated-clearing-house, funds-transfer, and check-image payments made in the U.S. The Clearing House Association L.L.C. is a nonpartisan advocacy organization representing – through regulatory comment letters, amicus briefs, and white papers – the interests of its owner banks on a variety of systemically important banking issues.