Truslow named to lead US bank lobby group

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The Financial Stability Industry Council, a lobbying group formed by the US banking industry in response to the Dodd-Frank Wall Street Reform and Consumer Protection Act, has named Don Truslow as its first executive director.

Truslow was chief risk officer at Wachovia from 2000 to August 2008, when he stepped down in the face of the bank's mounting losses to be replaced by Kenneth Phelan. During his time in office, Wachovia embarked on a string of acquisitions, culminating in the 2006 takeover

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