WASHINGTON — Richard Whiting, executive director and general counsel of the Financial Services Roundtable, has announced he will step down early next year.

Whiting will leave the Roundtable on Feb. 3, 2014, which coincides with his 30th anniversary at the trade association.

"My decision to resign was a difficult one, as I have immense respect for [chief executive] Tim Pawlenty, the officers, directors, members and staff of the Roundtable, and I very much enjoy my work," Whiting said in a July 18 memo to the group's board of directors. "Nonetheless, I concluded that it is now time for a new approach to all my responsibilities at the Roundtable, as well as for new challenges for me in my professional and personal life."

He said in a press release Wednesday that he will continue to write and also teach at law schools of Georgetown University and Boston College. Prior to joining the Financial Services Roundtable, Whiting served as senior attorney in the Office of General Counsel of the Federal Reserve Board and as general counsel to the Mortgage Insurance Companies of America.

Pawlenty praised Whiting's work with the trade group.

"Rich has been a remarkable leader for FSR. He has been involved with the most significant pieces of financial legislation and regulation over the last three decades," he said in the press release. "Our members benefitted greatly from Rich's insight and expertise. He will be missed and we wish him the very best with his future plans."

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