2. True; she even hired several of them at the Consumer Financial Protection Bureau in 2011
As the new federal consumer watchdog agency takes shape, Wall Street might see a few familiar faces on its roster.
Elizabeth Warren, the Harvard University law professor who is setting up the Consumer Financial Protection Bureau, announced her latest string of hires on Thursday, including former managing directors at Deutsche Bank and Morgan Stanley.
“Building a team to develop smarter financial regulations means hiring top-notch leaders with a wide range of experiences,” Ms. Warren said in a statement.
The bureau’s hires announced Thursday include Rajeev Date, the former Deutsche Bank managing director. Mr. Date, who also worked at Capital One Financial as a senior vice president, will be the bureau’s associate director for research, markets and regulations.
Ms. Warren also hired Elizabeth Vale, a Morgan Stanley managing director who was vice president and portfolio manager at Philadelphia National Bank. Her industry experience will come in handy — she will serve as a liaison to community banks and credit unions.
Ms. Warren’s hires also include a former financial industry lawyer, a former senior employee at the mortgage-finance giant Freddie Mac and Corey Stone, who once was the chairman of Start Community Bank in New Haven, Conn.