Paul Saltzman is President of The Clearing House Association and Executive Vice President, General Counsel of The Clearing House Payments Company, the oldest and largest private sector payments operator in the United States. Mr. Saltzman oversees the legal, compliance, and litigation functions for the organization’s payments business and leads the strategic agenda and operations of The Clearing House Association (“Association”), a not-for-profit, membership-based business league. The Association represents the interests of The Clearing House’s commercial bank ownership on a diverse range of legal, tax, finance, legislative and regulatory matters through position papers, comment letters, and amicus curiae briefs. Under Mr. Saltzman’s stewardship, the Association has emerged as the advocacy leader for the largest commercial banks in the United States and has been recognized for its development of a research and data-driven approach to legislative and regulatory advocacy. According to the American Banker, The Clearing House has “emerged as a major voice” on regulatory and policy issues affecting the banking sector and has provided a “new leadership model” for banking industry trade associations.
Mr. Saltzman has 25 years of experience in financial services, industry association management, and emerging technology development. For nearly a decade, Mr. Saltzman served as Executive Vice President and General Counsel for the Bond Market Association (now SIFMA), where he developed and steered the regulatory and legal agenda for the fixed-income industry. Under his direction, the Bond Market Association significantly increased its visibility and credibility with legislators and regulators. Among other notable achievements, Mr. Saltzman is credited with helping to lead the bond markets back to operation just 48 hours after the 9/11 attacks and establishing the organization’s European presence.
Prior to joining The Clearing House, Mr. Saltzman was the Managing Director and General Counsel of Ellington Management Group, a leading alternative investment manager specializing in asset-backed securities and derivatives, where he was in charge of all aspect of the company’s legal, compliance, litigation and documentation functions, and Executive Vice President and Chief Operating Officer of Espeed, Inc., a publicly traded electronic marketplace with over 400 employees, where he successfully increased revenues, net income and market share. Mr. Saltzman was also formerly an in-house counsel for Greenwich Capital Markets and Kidder Peabody and Co., as well as an attorney specializing in structured finance at the international law firm of Skadden, Arps, Slate, Meagher & Flom LLP.
Mr. Saltzman is a graduate of Clark University, received his Juris Doctor from Boston University School of Law and is admitted to the bar in the State of New York. He is a member of the New York City, New York State, and American Bar Associations and serves on the American Bar Association Banking Law Committee, the University of North Carolina Banking Law Institute Advisory Committee, the Clark University Liberal Education and Effective Practice Advisory Committee and the Muhlenberg College Parents Advisory Council. Mr. Saltzman is also a member of the Washington D.C.-based Exchequer Club, which brings together leaders in the legal and financial services community and is a frequent lecturer and speaker at conferences and events including those sponsored by the Practising Law Institute, the International Centre for Financial Regulation and the Conference of State Banking Supervisors.
Previously, Mr. Saltzman has served on the boards of the Duke University Global Capital Markets Center, the Institute for Financial Markets, the SEC Historical Society, SIFMA and Pro Bono Partnership, a leading provider of free legal services and resources to non-profit community-based organizations throughout the Tri-state area. Mr. Saltzman has also served as the Chairman of SIFMA’s Brokers Advisory Committee.