Former U.S. Treasury official to be first full-time CEO of group since 2015

The Financial Services Forum has named Kevin Fromer president and CEO, the $5.6 million-revenue organization announced via Twitter Friday. He succeeds acting CEO John Dearie, who left the group earlier this year to found nonprofit Center for American Entrepreneurship.

Fromer currently is executive vice president of public policy for HSBC North America. He previously was assistant secretary of the U.S. Department of Treasury under former President George W. Bush.

FSF did not release many details about Fromer's hiring. The group said on Twitter that the new CEO will "lead the Forum to promote a healthy financial system that supports economic growth and opportunity for all Americans."

FSF represents the CEOs of the 16 largest U.S. financial institutions. Fromer will be the first full-time head of the organization since Rob Nichols left in 2015 to become CEO of the American Bankers Association.