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Better Markets Announces New Senior Hires in Banking and Derivatives

FOR IMMEDIATE RELEASE
September 27, 2018
Contact: Nick Jacobs, 202-618-6430 or njacobs@bettermarkets.com

 

Washington, D.C. – Better Markets today announced the addition of two new additions to Better Markets, bringing on Jack Reidhill as Chief Economist and Senior Banking Consultant, and Joseph Cisewski as Senior Derivatives Consultant and Special Counsel.

Jack Reidhill, prior to joining Better Markets, was a federal bank regulator serving for 33 years at the Federal Deposit Insurance Corporation (FDIC) as a policy and research economist.  At the FDIC he led research and policy groups and most recently served as Associate Director of the Center for Financial Research Branch in the Division of Insurance and Research.  During the 2008 financial crisis, Reidhill was responsible for numerous speeches and testimony by the FDIC Chair and was a principal co-author of a joint FDIC/Bank of England paper explaining how to resolve systemically important, complex international banking firms. 

Joe Cisewski, prior to joining Better Markets, was the Global Head of U.S. Securities and Derivatives Advisory within the global banking and markets division of HSBC Bank plc, managing a team of attorneys and other professionals focused on the firm’s interpretations of U.S. law and compliance and controls frameworks.  Previously, he served as a member of a global derivatives advisory and compliance team at J.P. Morgan Chase & Co.  He also served in a number of roles at the CFTC, including as the agency’s Co-Chief of Staff and Co-Chief Operating Officer and as Senior Special Counsel to CFTC Commissioner Mark P. Wetjen during the agency’s implementation of the Dodd-Frank Act.  Mr. Cisewski also served as a supervisory attorney and branch chief in the SEC’s Division of Trading and Markets, where he managed a team of SEC lawyers focused on the supervision of systemically important clearinghouses. 

“Jack and Joe are highly skilled, knowledgeable professionals with many years of experience in banking, derivatives, securities and financial regulation and markets broadly,” said Better Markets president and CEO Dennis M. Kelleher.  “They will both be indispensable to our mission promoting and protecting the economic security, opportunity and prosperity of the American by ensuring that the financial system serves society and isn’t a threat.”

“With the most basic and important rules protecting banks and taxpayers under attack, the opportunity to work to stop some of these efforts is tremendously exciting,” said Reidhill.  "I look forward to continuing to fight for financial stability and taxpayer protections in an advocacy role with the Better Markets’ team.”

“U.S. banking, securities, and derivatives policymakers have spent the last eight years dealing with complex issues in their implementation of the Dodd-Frank Act and other laws,” Cisewski said.  “Unlike anyone else, Better Markets has been on the regulatory front lines promoting the protection of the public interest.  As policymakers consider changes to those policies, I look forward to working with Better Markets to bring balance to those regulatory discussions.”

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Better Markets is a non-profit, non-partisan, and independent organization founded in the wake of the 2008 financial crisis to promote the public interest in the financial markets, support the financial reform of Wall Street and make our financial system work for all Americans again. Better Markets works with allies – including many in finance – to promote pro-market, pro-business and pro-growth policies that help build a stronger, safer financial system that protects and promotes Americans’ jobs, savings, retirements and more. To learn more, visit www.bettermarkets.com.

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