At its regular monthly meeting on Wednesday, November 17, 2021, the NYSIF Board of Commissioners appointed Gaurav Vasisht as NYSIF Executive Director & CEO.
Mr. Vasisht joins NYSIF after more than six years as Senior Vice President and Director at the Volcker Alliance, a role in which he advised former Federal Reserve Chairman Paul A. Volcker on financial stability and regulatory matters and promoted the organization's policy priorities before the U.S. Senate Committee on Banking, Housing, and Urban Affairs, the House Financial Services Committee, and an array of financial regulatory agencies.
Mr. Vasisht brings to NYSIF a wealth of financial services regulatory, public policy and management experience. Before joining the Volcker Alliance, Mr. Vasisht spent a decade in New York State government. Most recently, he served as Executive Deputy Superintendent of the New York State Department of Financial Services, heading the agency's approximately 300-employee Banking Division. He previously served as Senior Deputy Superintendent of Insurance, First Assistant Counsel and Assistant Counsel to three Governors of New York, and as Assistant Attorney General in the Investment Protection Bureau of the New York Attorney General's Office.
While in the Governor's Counsel's Office, Mr. Vasisht provided legal advice and counsel to the Governor and senior executive staff on banking and financial services policy and spearheaded New York's legislative response to the 2008 foreclosure crisis. As Assistant Attorney General, Mr. Vasisht was part of a team that conducted Martin Act and Donnelly Act investigations and brought enforcement actions for securities fraud and antitrust violations.
Mr. Vasisht is co-author of "What Makes a Regulator Excellent?," in Achieving Regulatory Excellence, a book edited by the University of Pennsylvania Law School and published by the Brookings Institution Press. A graduate of New York University and St. John's University School of Law, Mr. Vasisht has been a Non-Resident Fellow at the Global Financial Markets Center at Duke Law School and a Contributor to Penn Law's Regulatory Review.