Greg Baer

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Greg Baer is an American public policy executive serving as president and CEO of the Bank Policy Institute (BPI).[1] He previously served as Assistant Secretary for Financial Institutions at the U.S. Department of the Treasury during the Clinton administration and as Managing Senior Counsel for the Federal Reserve Board of Governors.

Early life, family, and education[edit]

Baer was born on February 6, 1962, in Chicago, Illinois. He is married to Shirley Sagawa, and together, they have three sons: Jackson, Matthew, and Thomas.[2]

Baer holds a Bachelor of Arts degree with honors in political science and economics from the University of North Carolina at Chapel Hill, and received a J.D. cum laude from Harvard Law School in 1987. While attending Harvard Law, he served as managing editor of the Harvard Law Review.[3]

Career[edit]

Baer began his career as a litigation associate at Williams & Connolly.[4] He then joined the Legal Division of the Federal Reserve Board as senior managing counsel where he was responsible for special projects on behalf of the General Counsel of the Board and the Federal Open Market Committee. He served in this role until 1996, and during that time, Baer received the Federal Reserve's Special Achievement Award.[5]

In 1996, Baer was appointed Deputy Assistant Secretary for Financial Institutions at the U.S. Department of the Treasury.[6] In 1999, he was nominated by President Clinton and confirmed by the United States Senate as Assistant Secretary for Financial Institutions.[7] While at the Treasury Department, Mr. Baer coordinated Treasury policy on the Gramm-Leach-Bliley Act and led the development of Presidential initiatives on financial privacy and consumer protection.[8] He also co-led Treasury efforts to pass digital signature legislation (the Electronic Signatures in Global and National Commerce (ESIGN) Act).[9] Mr. Baer was appointed by Secretary Summers to coordinate Treasury policy on cyber defense and was the chief government architect in creation of the FS/ISAC, a computer defense center whose membership now includes thousands of companies in more than 70 countries.[10]

In 2002, Baer joined Wilmer, Cutler, & Pickering as a partner. He left the firm in 2006 to serve as deputy general counsel at Bank of America.[11] While there, Baer played a key role in the bank's dealing's with regulators and assisted in the repayment of $45 billion in U.S. TARP assistance.[12] Baer then joined JPMorgan Chase in 2010 as managing director and general counsel for corporate law, where he oversaw legal support for the firm's corporate functions.[13]

Baer left JPMorgan Chase in 2015 to become general counsel of the Clearing House Association Payments Company.[14]

Bank Policy Institute[edit]

In July 2018, the Clearing House Association merged with the Financial Services Roundtable and Baer assumed the role of President and CEO of the newly formed Bank Policy Institute.[15]

Baer has appeared before Congress on multiple occasions to provide expert testimony on a range of topics, including beneficial ownership reform[16] and supervision and regulation of financial institutions.[17]

Baer is regularly quoted by financial news outlets including CNBC,[18] the Wall Street Journal,[19] and Bloomberg.[20]

Writing[edit]

Mr. Baer is the author of two books: The Great Mutual Fund Trap, co-authored with Gary Gensler,[21] and Life: The Odds (And How to Improve Them).[22]

Continuing Work[edit]

Baer serves as an adjunct professor at Georgetown University Law Center where he teaches courses on financial regulation, commercial and investment banking, and fintech innovation and regulation. He serves on the board of Honors Carolina and previously served on the board of Enterprise Community Partners.[23]

Awards and recognition[edit]

While in private practice, Baer was recognized by the Washingtonian as one of the "Best Lawyers in Washington" and recognized by Chambers USA as one of "America's Leading Lawyers for Business."[24][25] Baer was named by the Washingtonian as one of "Washington D.C.'s 500 Most Influential People" in 2022.[26]

References[edit]

  1. ^ "Greg Baer". www.bpi.com. Bank Policy Institute. Retrieved 2 May 2023.
  2. ^ Office of Public Affairs. "TREASURY DEPUTY ASSISTANT SECRETARY GREGORY A. BAER SENATE COMMITTEE ON BANKING, HOUSING AND URBAN AFFAIRS". Treasury.gov. Department of the Treasury. Retrieved 18 July 2023.
  3. ^ "PRESIDENT CLINTON NAMES GREGORY A. BAER AS ASSISTANT SECRETARY FOR FINANCIAL INSTITUTIONS AT THE DEPARTMENT OF TREASURY". Clinton White House Archives. The White House. Retrieved 2 May 2023.
  4. ^ "TREASURY DEPUTY ASSISTANT SECRETARY GREGORY A. BAER SENATE COMMITTEE ON BANKING, HOUSING AND URBAN AFFAIRS". Treasury.gov. U.S. Department of the Treasury. Retrieved 2 May 2023.
  5. ^ "Meet Greg Baer — TCH's Next President". PYMNTS. 14 September 2015. Retrieved 3 May 2023.
  6. ^ "DEPARTMENT OF THE TREASURY" (PDF). GovInfo. United States Government Publishing Office (GPO). Retrieved 11 May 2023.
  7. ^ "Gregory Baer". Georgetown Law School. Georgetown Law. Retrieved 3 May 2023.
  8. ^ "A History of the United States Department of the Treasury During the Clinton Administration 1993-2001" (PDF). Securities & Exchange Commission Historical Society. Retrieved 11 May 2023.
  9. ^ "Congressional Record". Congress.gov. Library of Congress. Retrieved 11 May 2023.
  10. ^ "Report of the President of the United States on the Status of Federal Critical Infrastructure Protection Activities" (PDF). Federation of American Scientists. Retrieved 18 July 2023.
  11. ^ Neely, Rebecca (21 September 2010). "Greg Baer, J.P. Morgan Chase & Co". Law Crossing. Retrieved 3 May 2023.
  12. ^ Fitzpatrick, Dan (9 September 2010). "J.P. Morgan Hires Baer From BofA". Wall Street Journal. Retrieved 11 May 2023.
  13. ^ Blackwell, Rob (8 September 2010). "JPM Chase Hires B of A's Gregory Baer". American Banker. Retrieved 3 May 2023.
  14. ^ "MOVES-Greg Baer named president of the Clearing House Association". Reuters. 11 September 2015. Retrieved 3 May 2023.
  15. ^ Clozel, Lalita (16 July 2018). "Big Banks Reshape Lobbying Game". Wall Street Journal. Retrieved 3 May 2023.
  16. ^ "Outside Perspectives on the Collection of Beneficial Ownership Information". U.S. Senate Committee on Banking, Housing, and Urban Affairs. Retrieved 30 May 2023.
  17. ^ Baer, Greg. "Testimony before the Senate Banking Committee" (PDF). U.S. Senate Committee on Banking, Housing, and Urban Affairs. Retrieved 30 May 2023..
  18. ^ Rosenbaum, Eric (28 January 2021). "Banking regulator pauses rule that enraged Wall Street and climate investors". CNBC. Retrieved 30 May 2023.
  19. ^ Ackerman, Andrew (26 May 2022). "Digital Dollar Could Coexist With Stablecoins, Fed Vice Chairwoman Says". Wall Street Journal. Retrieved 30 May 2023.
  20. ^ Hamilton, Jesse; Schmidt, Robert (4 December 2020). "Wall Street Poised for Win on Money-Laundering Bill in Lame-Duck". Bloomberg. Retrieved 30 May 2023.
  21. ^ Baer, Gregory; Gensler, Gary (2002). The Great Mutual Fund Trap. Random House.
  22. ^ Baer, Gregory (2003). Life: The Odds: And How to Improve Them. Penguin-Putnam. Retrieved 11 May 2023.
  23. ^ "WHF Public Policy Lunch: Greg Baer, President & CEO, Bank Policy Institute". whfdc.org. Women in Housing & Finance, Inc. Retrieved 11 May 2023.
  24. ^ "William McLucas, Jamie Gorelick and Seth Waxman Named Among "Top 30 Lawyers" in Washington, DC by Washingtonian Magazine". Wilmer Hale. 24 November 2004. Retrieved 18 July 2023.
  25. ^ "Chambers USA Names 88 WilmerHale Lawyers as Leaders in Their Fields for 2006". Wilmer Hale. 26 January 2006. Retrieved 18 July 2023.
  26. ^ "Washington DC's 500 Most Influential People". Washingtonian. 3 May 2022. Retrieved 18 July 2023.
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