Commentary - 10/11/2006

Financial Services Forum

About the Financial Services Forum:

The Financial Services Forum is a non-partisan financial and economic policy organization comprised of the CEOs of twenty of the largest and most diversified financial services institutions doing business in the [United States]. It has been called “perhaps the country’s most powerful trade association” by Time.

Under the leadership of CEO and former U.S. Commerce Secretary Donald L. Evans, the Forum claims it is working to educate the public and policy-makers about the importance of robust capital markets; influence the national and international regulatory debate; and promote a competitive global marketplace and the free flow of capital.

As a group, the Forum’s member institutions employs more than 1.5 million people and hold combined assets of more than $12 trillion - an amount greater than the annual output of the U.S. economy. Forum institutions are currently active in more than 165 nations around the world. Charles Prince, chairman and chief executive officer of Citigroup, is the chairman of the Forum. Prince succeeds Treasury Secretary Henry M. Paulson who served as the Forum’s chairman prior to being nominated as secretary of the Treasury. Other past Forum chairmen include Philip J. Purcell, former chairman and CEO of Morgan Stanley, and William B. Harrison, Jr., chairman and former CEO of JP Morgan Chase.[1]

Chairman -- Charles Prince, chairman and chief executive officer of Citigroup
CEO -- Former U.S. Commerce Secretary Donald L. Evans
President and COO -- Rob Nichols

One thing to note before you continue down this list -- Those organizations highlighted for linking have Barclays and their associates as major shareholders.

AIG, Martin J. Sullivan
Allstate Insurance Company, Edward M. Liddy
American Express Company, Kenneth I. Chenault
Bank of New York, Thomas A. Renyi
Citigroup Inc., Charles Prince
Deutsche Bank AG, Dr. Josef Ackermann [(DB)Based in Frankfurt, Germany]
Edward Jones, James D. Weddle [Private ownership]
Fidelity Investments, Robert L. Reynolds [Private ownership]
GE Capital Corp., Michael A. Neal
Goldman Sachs, Lloyd C. Blankfein
HSBC, Stephen K. Green [(HBC)Based in London, England]
JP Morgan Chase & Co., James Dimon
Lehman Brothers, Richard S. Fuld, Jr.
Merrill Lynch, E. Stanley O'Neal
MetLife, C. Robert (Rob) Henrikson
Morgan Stanley, John J. Mack
Prudential Financial, Arthur F. Ryan
State Street Corporation, Ronald E. Logue
UBS AG, Peter A. Wuffli [(UBS) Based in Zurich, Switzerland]
Wachovia Corporation, G. Kennedy Thompson

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© 2006 by Edward Ulysses Cate

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