Biden Starts Filling Posts

CBJ – U.S. President-elect Joe Biden continues to assemble his government team and most recently opted to go with Gary Gensler as the commissioner of the Securities and Exchange Commission. Biden has also tabbed Federal Trade Commission member Rohit Chopra to head the Consumer Financial Protection Bureau.

The 63-year-old Gensler is a former investment banker and former government official. He is currently a professor at MIT Sloan School of Management.

Gensler began his financial career in 1979 at the age of 22 when he joined Goldman Sachs, where he spent 18 years.

Chopra has had numerous executive financial positions including the assistant director of the Consumer Financial Protection Bureau. He was appointed by the Secretary of the Treasury as agency’s first Student Loan Ombudsman, established by the Dodd–Frank Wall Street Reform and Consumer Protection Act. Prior to working in government, Chopra worked for the internationally known McKinsey & Company.

Chopra received earned a Bachelor of Arts degree from Harvard University and a MBA from the Wharton School of the University of Pennsylvania.