Trump Regulations Chief Joins Financial Services Consulting Firm

Paul Ray, who headed the White House’s regulations office under President Donald Trump, has landed a job advising financial companies on federal regulation, according to his new firm’s website.

Ray will be a senior adviser at Patomak Global Partners, a group that provides regulatory and public policy advice to banks, holding companies, and trading firms. Under Trump, Ray helmed the president’s deregulatory approach as head of the Office of Information and Regulatory Affairs, the office that fine-tunes rules penned by individual agencies and makes sure they align with the president’s policy preferences.

Paul Ray led the Office of Information and Regulatory Affairs under Trump.

Photo courtesy of OMB

Patomak advertises Ray’s role leading OIRA as a perk to clients, saying on its website that Ray will draw on that experience to “help clients understand the regulatory process.”

The firm didn’t respond to a request for comment.

Ray joins a slew of former Republican-appointed financial regulators at the firm, including founder Paul Atkins, a former Republican member of the Securities and Exchange Commission who served on Trump’s business leaders council before it disbanded.

The firm’s other senior advisers include Kathy Casey, a former SEC commissioner appointed by President George W. Bush, and Randall Kroszner, a Bush appointee to the Federal Reserve’s board of governors.