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George S. Hender Elected Vice Chairman of Financial Services Sector Coordinating Council for Critical Infrastructure Protection and Homeland Security

NEW YORK AND CHICAGO, September 27, 2004 - The Financial Services Sector Coordinating Council for Critical Infrastructure Protection and Homeland Security announced the unanimous election of George S. Hender as Vice Chairman of the Council at its recent meeting in Chicago, IL.

Mr. Hender, Vice Chairman of The Options Clearing Corporation, joins Donald F. Donahue, the Treasury-appointed Sector Coordinator for Banking and Finance and Chairman of the Council, in the senior leadership of this important organization, which fosters homeland security protections to strengthen the nation's financial services infrastructure.

"Protecting American citizens' confidence in the security of their financial assets and their ability to conduct their financial affairs is critical to the national economy and the national well-being," said Mr. Donahue. "We've seen the importance of that clearly illustrated during the recent terror alerts and weather-related disruptions. The Council and its member organizations are spearheading important initiatives to ensure that Americans can have that confidence, and George has played an integral role in advancing those efforts. I'm pleased to have someone of his experience and industry stature to help move the Council's important work forward."

Mr. Hender said, "I'm honored to have been chosen for this position, and I look forward to working with Don and the Council to further strengthen our industry's resilience and protect our critical infrastructure."

Wayne Abernathy, Assistant Secretary of the Treasury, also congratulated Mr. Hender on his election, "The financial services industry has been a leader in embracing homeland security initiatives. We're delighted George can take on this leadership role on, and we know he will make an outstanding contribution. Additionally, George will be able to bring the valuable perspective of the Chicago financial sector to the leadership of the Council."

About the Financial Services Sector Coordinating Council for Critical Infrastructure Protection and Homeland Security (CIP/HLS)

The Financial Services Sector Coordinating Council for Critical Infrastructure Protection and Homeland Security is a group of private sector firms and financial trade associations that works to help reinforce the financial services sector's resilience against terrorist attacks and other threats to the nation's financial infrastructure. In this capacity, the Council works with the Department of the Treasury, which has direct responsibility for infrastructure protection and homeland security efforts for the financial services sector. It serves under the overall guidance of the Department for Homeland Security, under Homeland Security Presidential Directive 7. Since most of the sector is privately owned, the Treasury appoints a private-sector Coordinator with whom to work on these issues. Mr. Donahue was appointed to this role in May by Treasury Secretary John Snow. The Sector Coordinator also serves as Chairman of the Council.

The Council members include:

  • American Bankers Association
  • America's Community Bankers
  • American Council of Life Insurers
  • American Society for Industrial Security International
  • Bank Administration Institute
  • ChicagoFIRST, LLC
  • Consumers Bankers Association
  • Credit Union National Association
  • The Depository Trust & Clearing Corporation
  • Fannie Mae
  • Financial Services Information Sharing and Analysis Center , LLC
  • The Financial Services Roundtable/BITS
  • Futures Industry Association
  • Independent Community Bankers of America
  • Investment Company Institute
  • Managed Funds Association
  • NASDAQ Stock Market
  • National Association of Federal Credit Unions
  • National Association of Securities Dealers (NASD)
  • National Automated Clearinghouse Association
  • The Clearing House
  • Securities Industry Association
  • Securities Industry Automation Corporation
  • The Bond Market Association
  • The Options Clearing Corporation
  • VISA USA Inc.