For Immediate Release
Contact: Keosha Burns
The Financial Services Roundtable
202-589-2427
Keosha@fsround.org

Ann Patterson
BITS
202-589-2448
Ann@fsround.org

BITS Recruits Key Security Position
Paul Smocer to Lead Security Program – Additional Leadership Changes

Washington, D.C.—January 18, 2008—BITS, the operations and technology division of The Financial Services Roundtable, announced today that Paul Smocer has been hired to lead its Security program.

As Leigh Williams, BITS President, noted: “Paul literally has decades of experience working for strong institutions and on behalf of the industry. He’s the perfect person to help our members collaborate amongst themselves and with others on critical security issues.”

Mr. Smocer will join BITS on February 15, 2008, as Vice President of Security. Smocer has over thirty years’ experience in security and control functions, most recently focusing on technology risk management at The Bank of New York Mellon Company and leading information security at the former Mellon Financial Corporation. While at Bank of New York Mellon and at Mellon, Smocer was actively engaged with BITS as a member of its
Vendor Management Working Group, as 2005 Chair of its Security Steering Committee, and as 2004 Chair of its Operational Risk Committee.

Along with the new Security position, BITS has shifted key leadership responsibilities in Regulation and Vendor Management. John Carlson, Senior Vice President of Regulatory Affairs, who has managed the Security program since he joined BITS in 2002, will now focus solely on regulatory issues. John Ingold has been named Director of Vendor Management, addressing outsourcing, global sourcing and performance management.
Mr. Ingold previously served as Director of Communications and on BITS’ Security team.

About BITS
A division of The Financial Services Roundtable, BITS works to sustain consumer confidence and trust by ensuring the security, privacy and integrity of financial transactions. BITS' efforts involve representatives from throughout its member institutions, including CEOs, CIOs, CISOs, and fraud, compliance and vendor management specialists. For more information about BITS, go to www.bitsinfo.org.

About The Financial Services Roundtable
The Financial Services Roundtable represents 100 of the largest integrated financial services companies providing banking, insurance, and investment products and services to the American consumer. Roundtable member companies provide fuel for America's economic engine, accounting directly for $65.8 trillion in managed assets, $1 trillion in revenue, and 2.4 million jobs.

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