WASHINGTON (December 23, 2003) – The North American Securities Administrators Association (NASAA) today named John H. Hanley as Executive Director, effective January 5.

“On behalf of NASAA’s Board of Directors, I am pleased that John will join us in this key position and am confident that his leadership and extensive knowledge of financial issues will serve NASAA’s membership and the investing public well,” said Ralph A. Lambiase, NASAA’s President and Connecticut Securities Director. “John’s extensive contacts on Capitol Hill and in federal agencies will help NASAA ensure that state securities regulators’ unique role in investor protection is well understood and appreciated.”

Hanley, 42, comes to NASAA from the Independent Community Bankers of America, where he served as Director of Legislative Strategy. At ICBA, he advised bank leadership on legislative, political and regulatory matters. From 1996-99, Hanley was Vice President and Director of the Federal Information Department of Citicorp/Citibank in Washington, DC. During 1991-92, he held a similar position at Citicorp’s New York City headquarters. In between these posts, Hanley was Vice President for Government Relations at Chase Manhattan Bank in New York City from 1992-95. His professional career began in 1987 with the Institute for Strategy Development, a DC-based financial consultancy.

Lambiase said NASAA’s board was impressed with Hanley’s ability to form alliances with various industry associations, as well federal, state, local, consumer- and community-based groups. As Executive Director, Hanley will work closely with NASAA members, industry and consumer groups, other regulators in Washington and Capitol Hill lawmakers. He will also oversee NASAA’s day-to-day operations from the DC corporate office. “John’s strategic abilities, combined with effective communications skills and his understanding of state and federal securities regulation, will be invaluable as he works with NASAA’s members and leads the dedicated professionals in our Washington office,” Lambiase added.

Hanley takes over the NASAA helm from John Lynch, who has served as Interim Executive Director in recent months. Lynch, who has been with NASAA since the corporate office relocated to Washington in 1987 and previously was a securities enforcement official in Colorado, returns to his position as the organization’s Deputy Executive Director and Chief Financial Officer.

Hanley earned a B.A., cum laude, in history in 1983 from St. Lawrence University in Canton, New York, where he served on the Canadian Studies Advisory Committee. He spent his junior year at the University of Edinburgh in Scotland and was a graduate student in history and law at Case Western Reserve University in Cleveland. Hanley was raised in Newport, Vermont, near the Quebec border.

The oldest international organization devoted to investor protection, NASAA was founded in 1919 and is the voice of securities agencies responsible for grass-roots investor protection and efficient capital formation. Its membership consists of the securities administrators in the 50 states, the District of Columbia, Canada, Mexico and Puerto Rico.

For More Information:
Bob Webster, Director of Communications