Sunday, November 17, 2013
McPherson served as Deputy Commissioner of Market Operations.
Deputy Mayor for Planning and Economic Development Victor L. Hoskins today announced the appointment of Chester A. McPherson as acting Commissioner of the Department of Insurance, Securities and Banking (DISB). McPherson has served as the Deputy Commissioner of Market Operations for DISB since August 2011. He begins his new role effective immediately.
“Chester McPherson’s extensive management and leadership background make him an ideal candidate to lead the Department of Insurance, Securities and Banking,”said Deputy Mayor Hoskins. “His work in both the public and private sectors as a financial-services professional and as a federal and state regulator of the securities markets will be instrumental as the agency continues to move forward with its mission and goals.”
As Deputy Commissioner of Market Operations, McPherson develops strategic plans and implements policies and programs that uphold District laws, enhance consumer protection and ensure efficient and effective financial services regulation in the District of Columbia. Before joining DISB in 2011, McPherson served as a legislative counsel with the Council of the District of Columbia. He holds a Bachelor of Business Administration in finance from Baruch College at The City University of New York and a Juris Doctor and Master of Laws from Georgetown University Law Center. McPherson is a member of the bar of the District of Columbia and the State of Maryland. A resident of the District for 21 years, he currently resides in Ward 5.