Scott Talbott, the chief lobbyist of the Financial Services Roundtable (FSR), has left the influential group after nearly two decades representing Wall Street, The Hill has learned.
Talbott joined the Roundtable in 1994, and helped steer the nation’s largest financial corporations through the financial crisis while serving as a public spokesman and defender of the industry.
“Government affairs is a core aspect of FSR’s organization, so the departure of FSR’s long-time head of government affairs, Scott Talbott, is news we wanted to share with you,” Pawlenty wrote Thursday morning. “We are moving immediately into the market to recruit senior talent to join FSR, both to replace Scott and to strengthen FSR’s government affairs operation overall.”
Alison Hawkins, the group’s director of communications, confirmed the move.
“Scott Talbott, FSR’s head of government affairs, has left the organization after many years of service to FSR. We wish him all the best,” she wrote in an email.
Talbott has been an envoy not only to the government, but to the public as well.
He was featured prominently in “Inside Job,” a documentary about the financial crisis in which he mounted a vigorous defense of the financial industry.
But before, and after, the 2008 crisis FSR’s policy portfolio has incluced expansive mix of mortgage and housing issues, cyber security, student loans, federal budget initiatives and complex financial products.
Last week, Talbott said he was on Capitol Hill making the case for tax reform legislation.
Talbott will be replaced by Anthony Cimino, who will serve as the interim head of government affairs while FSR searches for a replacement, Hawkins said.
Cimino has been the group’s vice president of vice president of insurance and trade since February, and previously served on the House Financial Services Committee.
Incoming FSR Executive Director Eric Hoplin will be leading the search for Talbott’s replacement, according to Pawlenty’s e-mail, which encourages "resumes and suggestions."
The change marks the second shakeup in the organization since last year, after former chief executive ex-Rep. Steve Bartlett (R-Texas) stepped down.
— This story was updated at 3:06 p.m.