Financial Services Roundtable, Technology Consortium to Merge

Posted June 4, 2009 at 9:51am

The Financial Services Roundtable announced Thursday that it is merging with the Financial Services Technology Consortium. The technology consortium will now be a division of the roundtable, according to a press release.The FSTC and the roundtable’s BITS division, which focuses on best practices and technology policy, have a long history of working together while maintaining separate memberships.“The total is greater than the sum of its parts,— said former Rep. Steve Bartlett (R-Texas), Financial Services Roundtable president, in a statement. “Having BITS and FSTC under one umbrella will dramatically provide better resources for less overhead.—The FSTC will not undergo any major staff changes as a result of the merger, according to spokeswoman Ann Patterson. FSTC Executive Director Dan Schutzer will remain as head of the division, and John Fricke will continue as chief of a staff. The group will be moving its operations into the roundtable’s Washington, D.C., headquarters.