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Ed Silverman, Former Senate Banking Committee Staff Director, Joins Better Markets as a Senior Fellow

FOR IMMEDIATE RELEASE
Monday, February 24, 2020
Contact: 202-618-6433, press@bettermarkets.com

Washington, D.C.  –  Better Markets today announced that Ed Silverman, former staff director of the Senate Banking Committee, is joining Better Markets as a Senior Fellow. Silverman is the latest high-profile hire for Better Markets. Tim Clark, a 23-year veteran of the Federal Reserve, joined in October 2019 and Joseph Cisewski joined from HSBC and JP Morgan Chase earlier in 2019.

“We are pleased to announce that Ed Silverman will be joining Better Markets as a Senior Fellow,” said Dennis M. Kelleher, Chief Executive Officer of Better Markets.  “As Majority Staff Director for the Senate Banking Committee during the consideration, passage and enactment of the Dodd-Frank Financial Reform and Consumer Protection Act, Ed has a wealth of unique knowledge and experience.  Added to his decades of public and private sector experience, Ed will be invaluable to our mission of promoting the public interest in the financial markets and ensuring that finance supports the real economy, jobs, growth and broad-based prosperity,” said Kelleher. 

“After years of working for the government and the private sector, Silverman served as the Majority Staff Director for the Senate Committee on Banking, Housing, and Urban Affairs from 2009 to 2011. He played a critical role in the development, passage and enactment of the Dodd Frank Wall Street Reform and Consumer Protection Act.  He had previously served under Senator Chris Dodd (D-CT) as his Chief of Staff, Legislative Director, and Banking Counsel. He also served as Deputy Assistant Secretary for Legislation and Intergovernmental Relations for the Department of Housing and Urban Development.  

“After passage of Dodd-Frank, Silverman worked as Senior Vice President and Head of Government Relations for TD Bank where he was responsible for formulating and executing strategy on both the state and national levels concerning U.S. Government Relations. Silverman provided expert guidance and counsel to business leaders with respect to government affairs, including the development and execution of strategies and tactics to achieve business objectives.  Prior to being appointed Staff Director, Silverman worked for RBS Americas as Head of Public Policy, and as Managing Director and Head of Public Policy for Greenwich Capital Markets.  Ed earned his Bachelor of Arts in Urban Affairs at George Washington University.

“I am pleased to be joining Better Markets, which has been a leader defending the Dodd-Frank Act and financial reform since 2010,” said Silverman.  “Better Markets’ reputation for its substantive expertise in finance, banking, economics, rulemaking and litigation as well as it’s media engagement are well-deserved and widely recognized among policymakers and throughout the financial industry.  It continues to be a powerful counterweight to those who would forget, ignore or minimize the catastrophic consequences of financial instability and unregulated high-risk financial activities.  I look forward to joining the Better Markets’ team and fighting for a financial system that supports the economic security and opportunity of America’s Main Street families.”

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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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