January 7, 2025
First in MM— Michael Pedroni, a former director of Treasury’s Markets Room who’s also worked at the Investment Company Institute and the Managed Funds Association, has launched a boutique consulting firm called Highland Global Advisors that will focus on strategy and advocacy for financial services and technology companies.
— In a letter to Trump’s transition team, Pedroni urged the new administration to work with Congress to quickly confirm top financial regulators like Bessent, incoming SEC Chair Paul Atkins and Trump’s as-yet unnamed pick for the Office of the Comptroller of the Currency One reason why?: The administration needs to “clarify the future of bank capital requirements.”