Richard H. Murray Selected to Lead Chamber's Capital Markets Competitiveness Leadership Council

Tuesday, October 2, 2007 - 8:00pm

WASHINGTON, D.C.-The U.S. Chamber of Commerce today announced that Richard H. Murray has been named chairman of the Chamber's Center for Capital Markets Competitiveness (CCMC), an initiative dedicated to making U.S. capital markets the most fair, efficient, and transparent in the world. Murray is managing director and chief claims strategist of Swiss Re in New York and Zürich.

"Rick is a leader in the financial services arena and has a proven track record of balance and substance," said Chamber President and CEO Tom Donohue. "He will provide valuable expertise and vision to the Chamber's efforts to ensure the long-term viability and health of our capital markets."

The Chamber established the CCMC in March of 2007. The Leadership Council was formed to help chart the future priorities of the center. Murray served in a leadership role on the U.S. Chamber's independent, bipartisan Commission on the Regulation of U.S. Capital Markets in the 21st Century, which studied the impact of regulations on the U.S. markets and made recommendations aimed at keeping the U.S. competitive globally.

Murray is also a member of the newly created U.S. Department of Treasury Advisory Committee on the Auditing Profession. This public committee will evaluate and make recommendations to strengthen the auditing profession. The Treasury Department expects the committee to release its findings within a year.

Murray joined Swiss Re in 2002. In his current position, he oversees global exposure to audit firm liability. Swiss Re is the only insurer that provides global coverage to audit firms. Murray received his education at Harvard University in 1958 and Harvard Law School in 1961.

The U.S. Chamber is the world's largest business federation representing more than 3 million businesses and organizations of every size, sector, and region.

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