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For release: December 13, 2005
Contact: Kathy Dibling, 215-574-4119
PHILADELPHIA, Pa. – The Federal Reserve Bank of Philadelphia has named H. Robert Tillman special advisor to the Supervision, Regulation and Credit Department. He will oversee the anti-money laundering program, identify emerging issues, and provide analysis on proposed regulatory changes related to bank supervision. He will also support the Bank’s work on consumer credit and payments.
Tillman had served as the banking director of the New Jersey Department of Banking & Insurance in Trenton, N.J. Under his supervision, the department strengthened its anti-money laundering and Bank Secrecy Act enforcement, created a new anti-terrorism and anti-money laundering unit, and helped develop a best-practices guide for institutions to protect against terrorist activity in New Jersey. He also worked to intensify the focus on consumer protection laws. As a vice president and senior counsel for Merrill Lynch in New York, he handled bank regulatory issues and created compliance policies and procedures.
Active in the banking industry, Tillman formerly chaired the Banking Advisory Board, the Community Financial Services Advisory Board, and the Licensed Lenders Advisory Board, all in New Jersey. He is a former director of the New Jersey chapter of the American Corporate Counsel Association and a member of the N.J. Counter-Terrorism Infrastructure Advisory Committee. He received the “Financial Services Executive of the Year” award from the Urban Financial Services Coalition of New Jersey in 2002.
Tillman received his juris doctor from Cornell Law School and his bachelor’s degree in economics from Boston University.
The Federal Reserve Bank of Philadelphia helps formulate and implement monetary policy, supervises banks and bank holding companies, and provides financial services to depository institutions and the federal government. The Philadelphia Fed serves the Third District, which is eastern Pennsylvania, southern New Jersey, and Delaware.