WASHINGTON — The Financial Services Roundtable announced Thursday morning that it has picked former Minnesota Gov. Tim Pawlenty, 51, as its next chief executive.

Pawlenty, a former candidate for president and on Mitt Romney's short list for vice president, succeeds Steve Bartlett, who has led the Roundtable for a dozen years and is retiring at yearend.

The group announced the pick this morning.

In selecting a former governor, the Roundtable is taking a page from the American Bankers Association's playbook. In late 2010, the ABA hired Frank Keating who served two terms as the governor of Oklahoma.

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