(Bloomberg) –Â Tim Pawlenty, the former Republican governor of Minnesota who criticized Wall Street while running for president last year, is joining theÂ Financial Services RoundtableÂ as president and chief executiveÂ officer.
Pawlenty, 51, will take over from the retiringÂ Steve BartlettÂ as CEO of the Washington-based group that represents 100 of the biggest financial-services companies, including JPMorgan Chase & Co., Bank of America. Corp. andÂ Citigroup Inc.Â The new job means quitting his post as national co-chairman ofÂ Mitt Romneyâ€™s presidential campaign, Pawlenty saidÂ today.
In a Bloomberg Television interview last year before he ended his presidential run and joined Romneyâ€™s campaign, Pawlenty said his â€œtruth message to Wall Street is going to be, â€˜Get your snout out of the troughâ€™.â€ He was viewed as a potential Romney running mate before the former Massachusetts governor selectedÂ Representative Paul RyanÂ ofÂ Wisconsin.
â€œObviously, I was one of the voices saying we need to fix the problems,â€ Pawlenty said in an interview today. â€œThereâ€™s been an attempt to fix them. Now we just need to make sure they donâ€™t overreach and stifle economic investment and jobÂ growth.â€
Pawlenty, who campaigned as a â€œSamâ€™sÂ Club Republicanâ€ concerned with issues affecting the middle class, will represent the interests of the large financial firms across a broad range of business, from insurance giants such as State Farm Insurance Cos. and money managers includingÂ BlackRock Inc.Â to payment networks likeÂ VisaÂ Inc.
He informed the Romney campaign in the last few days that heâ€™d be stepping down, heÂ said.
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