The Financial Services Forum is a non-partisan financial and economic policy organization comprising the CEOs of 20 of the largest and most diversified financial services institutions doing business in the United States

United States

The United States of America is a federal constitutional republic comprising fifty states and a federal district...

. The purpose of the Forum is to pursue policies that encourage savings and investment, promote an open and competitive global marketplace, and ensure the opportunity of people everywhere to participate fully and productively in the 21st-century global economy.

Issues comprising the Forum’s recent agenda include: reform and modernization of the U.S. framework of financial supervision; enhancing the competitiveness of U.S. capital markets; educating policymakers regarding the importance of private capital in fueling economic growth and development around the world; preserving the 50-year consensus for free trade by promoting policies that help more Americans participate in the gains of globalization; financial sector modernization and expanded market access in China; CFIUS

Committee on Foreign Investment in the United States

The Committee on Foreign Investment in the United States is an inter-agency committee of the United States Government that reviews the national security implications of foreign investments in U.S. companies or operations. Chaired by the Secretary of the Treasury, CFIUS includes representatives...

 reform and encouraging cross-border investment; and litigation and tax policy reform.

As a group, the Forum's member institutions employ more than 2 million people in 175 countries and hold combined assets of more than $21 trillion -- an amount greater than the annual economic output of the United States, China and the United Kingdom combined.

Lloyd Blankfein, Chairman and Chief Executive Officer of The Goldman Sachs Group, Inc., is the Forum’s vice chairman.

Rob Nichols

Rob Nichols

Robert Nichols is the President and chief operating office of the Financial Services Forum, a position he has held since June 2005. As President and COO, Nichols supervises all activities of the organization...

, former assistant secretary for public affairs at the U.S. Treasury Department, serves as the Forum's president and CEO.

Also, the Forum is the chairing institution of the Engage China Coalition, a coalition of twelve financial services trade associations.

Origin and Purpose of the Forum

The Financial Services Forum was organized by a core group of financial institution CEOs in February of 2000 following the enactment of the Gramm-Leach-Bliley Financial Modernization Act of 1999

Gramm-Leach-Bliley Act

The Gramm–Leach–Bliley Act , also known as the Financial Services Modernization Act of 1999, is an act of the 106th United States Congress...

 (GLBA).

Members

AIG, Robert Benmosche

Robert Benmosche

Robert H. Benmosche is the chief executive officer of American International Group.-Early life:Benmosche was born in Brooklyn, New York. Benmosche's ancestors were Jews originally from Lithuania and Poland.-Career:...

Allstate Insurance Company

Allstate

The Allstate Corporation is the second-largest personal lines insurer in the United States and the largest that is publicly held. The company also has personal lines insurance operations in Canada. Allstate was founded in 1931 as part of Sears, Roebuck and Co., and was spun off in 1993...

, Thomas Wilson

Thomas J. Wilson

Thomas J. Wilson is chairman, president and chief executive officer of The Allstate Corporation and Allstate Insurance Company.Wilson is also a member of the corporation's board of directors...

Bank of America

Bank of America

Bank of America Corporation, an American multinational banking and financial services corporation, is the second largest bank holding company in the United States by assets, and the fourth largest bank in the U.S. by market capitalization. The bank is headquartered in Charlotte, North Carolina...

, Brian Moynihan

BNY Mellon, Gerald Hassell

Gerald Hassell

Gerald L. Hassell is the Chairman, CEO and President of The Bank of New York Mellon.-Background:Gerald Hassell joined the Bank of New York in 1973 when he was only 21 years old as a management trainee, and has held various positions in the credit and corporate banking divisions...

Citigroup Inc., Vikram Pandit

Vikram Pandit

Vikram S. Pandit is an Indian-born American business executive. He is the current CEO of Citigroup.-Early life:Vikram Pandit was born in Nagpur, India to an affluent Marathi family . His father, S B Pandit was an executive director at Sarabhai Chemicals in Baroda. He completed his schooling at the...

Credit Suisse

Credit Suisse

The Credit Suisse Group AG is a Swiss multinational financial services company headquartered in Zurich, with more than 250 branches in Switzerland and operations in more than 50 countries.-History:...

, Brady W. Dugan

Deutsche Bank AG, Dr. Josef Ackermann

Edward Jones

Edward Jones

Edward, Eddie, or Ed Jones is the name of:Finance* Edward Jones , co-founder of Dow Jones & Company* Edward D. Jones , investment banker** Edward Jones Investments, company founded by Edward D. Jones...

, James D. Weddle

Fidelity Investments

Fidelity Investments

FMR LLC or Fidelity Investments is an American multinational financial services corporation one of the largest mutual fund and financial services groups in the world. It was founded in 1946 and serves North American investors. Fidelity Ventures is its venture capital arm...

, Edward Johnson, III

Edward Johnson, III

Edward Crosby "Ned" Johnson 3rd is an American investor and businessman who, along with daughter Abigail Johnson, owns and runs Fidelity Investments and Fidelity International...

GE Capital Corp.

GE Capital

GE Capital is the financial services unit of General Electric, one of five major units. Its various divisions include GE Capital Aviation Services, GE Capital Real Estate, GE Energy Financial Services and GE Money....

, Michael A. Neal

Goldman Sachs

Goldman Sachs

The Goldman Sachs Group, Inc. is an American multinational bulge bracket investment banking and securities firm that engages in global investment banking, securities, investment management, and other financial services primarily with institutional clients...

, Lloyd C. Blankfein

HSBC

HSBC

HSBC Holdings plc is a global banking and financial services company headquartered in Canary Wharf, London, United Kingdom. it is the world's second-largest banking and financial services group and second-largest public company according to a composite measure by Forbes magazine...

, Douglas Flint

Douglas Flint

Douglas Jardine Flint CBE, is a British banking businessman. He is currently the Group Chairman of HSBC Holdings.- Education :Flint graduated with a bachelor's degree with honours in Accounting from the University of Glasgow...

JP Morgan Chase & Co., James Dimon

MetLife, Steven Kandarian

Morgan Stanley

Morgan Stanley

Morgan Stanley is a global financial services firm headquartered in New York City serving a diversified group of corporations, governments, financial institutions, and individuals. Morgan Stanley also operates in 36 countries around the world, with over 600 offices and a workforce of over 60,000....

, James P. Gorman

James P. Gorman

James P. Gorman has been CEO of Morgan Stanley since 1 January 2010. He was formerly Co-President and Co-Head of Strategic Planning at the firm.- Business career :...

Prudential Financial

Prudential Financial

The Prudential Insurance Company of America , also known as Prudential Financial, Inc., is a Fortune Global 500 and Fortune 500 company whose subsidiaries provide insurance, investment management, and other financial products and services to both retail and institutional customers throughout the...

, John R. Strangfeld

State Street Corporation, Jay Hooley

UBS AG, Oswald Gruebel

US Bancorp, Richard K. Davis

Wells Fargo

Wells Fargo

Wells Fargo & Company is an American multinational diversified financial services company with operations around the world. Wells Fargo is the fourth largest bank in the U.S. by assets and the largest bank by market capitalization. Wells Fargo is the second largest bank in deposits, home...

, John Stumpf