Washington, D.C., October 16, 2018 - The Institute of International Finance today announced that Mary Frances Monroe has been named Senior Advisor and Insurance Lead of the Regulatory Affairs Department effective October 17, 2018.' ' '
Monroe brings to the position an extensive background in the financial services industry, with in-depth knowledge of international policy and supervisory experience, including positions at American International Group (AIG), the Bermuda Monetary Authority and the Board of Governors of the United States Federal Reserve. Most recently Monroe has been working as an Independent Consultant for Treliant Risk Advisors in New York, where she has been advising large financial institutions on regulatory strategy and other matters.' '
"Global insurance advocacy is a vibrant and strategically important objective at the IIF and I am delighted that Mary Frances will join the IIF later this month," said Tim Adams, President and CEO of the IIF. "With her substantial experience in both the public and private sector, she will be a key leader in our advocacy team and will help us engage constructively with the international insurance regulatory community."' ' '
"Mary Frances brings to the IIF strong expertise and knowledge of the key regulatory issues affecting the global insurance industry," said Andrés Portilla, Managing Director of Regulatory Affairs. "She will lead our Insurance work during a critical time when international standard setters are developing important initiatives around capital, resolution planning and systemic risk but also widening their focus on emerging challenges, including digital innovation, cyber risk, climate change and addressing the insurance protection gap."' '
"I am enthusiastic about joining the IIF, particularly at a time of rapid change and evolution of the insurance industry.' I look forward to working as a team with the Institute's insurance experts and industry members to respond to new regulatory and supervisory initiatives and to address the challenges of a swiftly changing environment."Monroe indicated.' '
Monroe previously served as Head of International Organizations and Policy at AIG, Director of Policy, Research, Risk and International Affairs at the Bermuda Monetary Authority and Vice President, Office of Regulatory Policy for the American Bankers Association. Before that she was Manager, Supervisory Policy and Senior Supervisory Financial Analyst at the Board of Governors of the Federal Reserve System in Washington, DC.' '
She received her Masters in Business Administration (MBA) with a concentration in Finance from George Washington University and law degree from the Georgetown University Law Center, both in Washington, DC, and she received an undergraduate degree in Economics from the University of Notre Dame in Indiana.
The Institute of International Finance is the global association of the financial industry, with close to 450 members from more than 70 countries. Its mission is to support the financial industry in the prudent management of risks; to develop sound industry practices; and to advocate for regulatory, financial and economic policies that are in the broad interests of its members and foster global financial stability and sustainable economic growth. IIF members include commercial and investment banks, asset managers, insurance companies, sovereign wealth funds, hedge funds, central banks and development banks.