News from FedcapFedcap Inc. Announces Key Board Chairmanship
NEW YORK, NY—Fedcap, Inc., a workforce development company with approximately $113 million in revenues in domestic and international business is pleased to announce the appointment of Kenneth Raisler to the role of Chairman of its Board of Directors.
Fedcap, Inc. is part of The Fedcap Group, a global network of top-tier nonprofit agencies dedicated to advancing the economic and social well-being of the impoverished and disadvantaged.
“We believe that every single person who wants to work should have the opportunity to do so and be able to achieve economic wellbeing through a sustainable, living wage job,” said Fedcap Group President and CEO Christine McMahon. “To reach that goal we need a world-class leadership team, and we couldn’t do better than Ken Raisler, a thought leader with the judgment, intellect and vision to guide us there. I couldn’t be happier that Ken will serve as Board Chair of Fedcap Inc.”
“This is a very exciting time for our entire organization,” Mr. Raisler said. “Our innovations in workforce development have impacted hundreds of thousands of lives. As our national and international footprint grows, I welcome the opportunity to support our leadership team in touching the lives of even more individuals and families who face barriers to prosperity.”
Mr. Raisler joined the Fedcap Board in 2011 when The Way to Work, where he serves as Chairman, became part of Fedcap. Founded in 1936, The Way to Work has empowered tens of thousands of justice-involved New Yorkers ages 17-24 with the tools to achieve their highest potential, helping them obtain a GED, land a job, and transition into becoming productive members of society. The success and impact of The Way to Work speak to Mr. Raisler’s leadership and vision in workforce development and providing individuals with a second chance - more than 83 percent of participants completed the intensive program, 67 percent obtained a GED and 70 percent of graduates have been placed in jobs in sectors including healthcare, technology, finance, public safety and customer service.
Mr. Raisler is head of Sullivan & Cromwell’s Commodities, Futures and Derivatives Group. The Group is responsible for a full range of regulatory, transactional and litigation advice in the commodities, securities and banking areas to its brokerage, investment banking, banking and commercial clients. Mr. Raisler was an assistant U.S. attorney for the District of Columbia from 1977 to 1982 in the Criminal and Civil Divisions. He then joined the Commodity Futures Trading Commission as deputy general counsel and was the general counsel of the Commission from 1983 to 1987.
Mr. Raisler served as chairman of the New York City Bar Committee on Futures Regulation from 1988 to 1991. He currently is Vice Chair of the ABA Derivatives and Futures Law Committee. He was a member of the Working Group of The Group of Thirty Derivatives Project. Since 1992, he has been a member of the board of directors of the Futures Industry Association. He also is a member of the board of directors of the Managed Funds Association. Mr. Raisler is a member of the board of trustees of NYU School of Law and chair of the board’s Development Committee. He is an associate national commissioner of the Anti-Defamation League and the recipient of the 2008 Human Relations Award from ADL’s New York Lawyers’ Division. He also serves on the board of advisors of Teaching Firms of America - Professional Preparatory Charter School.
Mr. Raisler received his BS from Yale University and his JD from New York University School of Law.
The Fedcap Group
The Fedcap Group is a global network of top-tier nonprofit companies, dedicated to advancing the economic and social well-being of the impoverished and disadvantaged. We offer a platform for our agencies to collectively showcase the Power of Possible™, enabling them to focus on delivering proven, evidence-based services and solving significant societal problems. Our innovative solutions in the areas of Education, Workforce Development, Occupational Health and Economic Development funnel through our international footprint of companies and impact the lives of over 300,000 people annually.
In partnership with business, government, the philanthropic community, academia and local nonprofit agencies, we deliver measurable shifts in academic advancement, and economic self-sufficiency for individuals in need. Through our strong customer service approach, we assist business, insurers, local governments and educational institutions meet their critical objectives.
SOURCE: The Fedcap Group, Inc.
Related links: www.fedcap.org