Tom Quaadman Takes Charge of Government Affairs at ICI to Strengthen Advocacy Efforts

The Investment Company Institute (ICI) has announced the appointment of Thomas "Tom" Quaadman as the new Chief of Government Affairs and Public Policy. This strategic move is anticipated to bolster the organization's advocacy efforts on pressing financial regulation issues. Eric J. Pan, President and CEO of ICI, expressed his excitement about Quaadman's extensive background in financial services, which is expected to significantly enhance ICI's lobbying and public policy strategies. Quaadman joins the ICI team after a noteworthy tenure at the U.S. Chamber of Commerce, where he served for nearly 17 years. His previous role as Senior Vice President allowed him to influence major legislative and regulatory strategies aimed at reforming the financial regulatory system and advocating for efficient capital markets. During his time at the Chamber, he oversaw the establishment of the Center for Capital Markets Competitiveness (CCMC), formed in 2007, which seeks to advance investor protection and capital formation while maintaining the pre-eminent status of U.S. financial markets. This center has been instrumental in fostering policies that support the growth of capital markets in the United States. Under Quaadman's leadership, the CCMC has worked tirelessly to promote an environment that encourages investment, innovation, and economic progress, ultimately benefiting everyday investors. In addition to his work with the CCMC, Quaadman directed the Chamber's Technology Engagement Center and the Global Innovation Policy Center. His comprehensive approach to financial services issues extends to crucial topics such as the Dodd-Frank Wall Street Reform and Consumer Protection Act and the Jumpstart Our Business Start-Ups Act (JOBS Act). With a wealth of experience, Quaadman has testified before several congressional committees, addressing significant issues related to capital formation, financial reporting, and corporate governance. His academic credentials include graduating cum laude from New York Law School, and he received his undergraduate degree from the College of Staten Island. The impact of his appointment is expected to be felt across ICI, especially as the organization seeks to navigate intricate financial regulatory landscapes while advocating for the best interests of investors. Quaadman himself has expressed enthusiasm about joining ICI, recognizing the great work done under Pan's leadership and looking forward to developing policies that will assist individuals in investing for retirement and ensuring their families' financial security. ICI continues to remain at the forefront of advocating for investors, and with Quaadman's addition, the organization aims to engage even more effectively in discussions concerning financial regulation and policy-making that affect individual investors. Overall, this transition marks a significant step in ICI's mission to strengthen investor safeguards, promote effective asset management, and enhance the overall investment landscape for citizens across the United States.