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Bloomberg
The newest large bank trade group has hired a longtime JPMorgan Chase & Co. lobbyist to run its advocacy and communications efforts.
Kate Childress, who helped lead JPMorgan’s lobbying and regulatory efforts on the 2010 Dodd-Frank law, will join the Bank Policy Institute
in September, the association announced. The hiring is a do-over for the policy institute, which had originally tapped Shahira Knight, a top Trump administration official for the job. Knight changed her mind and decided to remain at the White House to head the legislative affairs office.
The institute, which was formed in July after a merger of two other financial trade groups, is part of an industry attempt to streamline its lobbying and boost its clout in Washington. Its members include JPMorgan, Bank of America Corp., Wells Fargo & Co. and SunTrust Banks Inc.
Childress, 48, a former aide to Senate Minority Leader Charles Schumer, has spent 10 years at JPMorgan. Most recently, she was CEO Jamie Dimon’s point person at the Business Roundtable.