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Tom Grady

Tom Grady

Of Counsel


Duke University School of Law-With Distinction, 1982
Florida State University, B.S. Business Administration, 1979


Florida Bar, November 1982


Tom Grady is a financial industry professional with broad leadership skills developed through a career including law, finance, management, government and politics. These skills have been honed in Tom’s community activities, with many focused on helping kids get to and through college based on the belief that “self sufficiency leads to self esteem.”

On the resolution of disputes within, and the creation of solutions for, financial industry participants. Issues include corporate governance, risk analysis and management, disclosure, accountability and transparency obligations, investment risk and return analysis, investment policy (public and private sector), and municipal bond issuance, insurance and arbitrage. Clients include private and public pension funds, investment companies and Florida constitutional officers and agencies.

In addition, Tom’s legal expertise has been complemented by continuous real world participation in the financial sector. For example, while still in college, Tom was an agent for a national mutual insurance company. Later, he formed, owned and managed a general securities broker/dealer with federal and multi-state general securities principal and agent licenses (Series 7, 24 and 63). Grady also manages an investment portfolio of securities issued by commercial and investment banks, insurance companies, private equity firms, investment advisors, broker/dealers and other financial institutions, drawing on expertise gathered from his prior service on the board of directors of a de novo national bank and as a chief executive and regulator in the financial community.

Tom has demonstrated civic leadership and maintains strong relationships with elected and opinion leaders throughout Florida. He has served on gubernatorial and attorney general transition teams and advised statewide officials on financial issues including financial regulation, catastrophic risk transfer and public pension reform.

In 2008, with broad public support, Tom was elected without opposition to state office, serving coastal Collier County (District 76) in the Florida House of Representatives. He successfully sponsored legislation sought by the Florida Office of Financial Regulation in the areas of securities regulation, international banking and finance and, as sought by the Attorney General, consumer finance. In addition, Tom successfully sponsored “Florida’s Equal Opportunity in Education Act,” providing access to charter schools. Tom also sponsored legislation to reform the Florida Retirement System and, separately (with the support of the Florida Banker’s Association), to streamline the mortgage foreclosure process in order to clear the housing market and restore economic health to Florida.

Representative Grady’s committee service included appointments by the Speaker of the House as Vice Chairman of the Insurance, Business & Financial Affairs Policy Committee and as a member of the Finance and Tax Council, the Civil Justice & Courts Policy Committee, the Economic Development Policy Committee and the PreK-12 Appropriations Committee. As an insurance committee chair, Grady presided over key insurance issues including the Florida Hurricane Catastrophe Fund and Citizens Property Insurance Corporation (Citizens). Legislation from that term serves today as the framework for Citizens’ return to the insurer of last resort. Tom continues to maintain strong relationships with his legislative colleagues, including leadership in both the House and Senate.

Recognizing his financial industry expertise and demonstrated leadership, Tom was appointed by the Financial Services Commission (Governor Scott, General Bondi, Chief Financial Officer Atwater and Commissioner Putnam) in 2011 to serve as the Commissioner of the Office of Financial Regulation (OFR). The OFR and the Office of Insurance Regulation (OIR) are sister agencies housed within the Department of Financial Services that together regulate and support Florida’s financial industry. Commissioner Grady’s counterpart at the OIR, Commissioner Kevin McCarty, continues to serve as the OIR Commissioner.

From headquarters in Tallahassee and offices around the state, Commissioner Grady led an agency responsible for the regulation and support of banks, credit unions, investment advisors, broker/dealers, mortgage bankers and other financial institutions. This position demanded action to meet the goals of the Financial Services Commission and the Florida Legislature during a period of significant upheaval and recovery in the financial industry.

In 2012, Commissioner Grady resigned from the OFR in order to accept an offer from the Citizens Board of Governors to serve as its Interim President and CEO. At its inception, Citizens was designed as Florida’s insurer of last resort. By 2012, however, it had become the insurer of first resort due to price controls imposed in 2007. As a result, Florida’s financial exposure exploded. Citizens was described in the national media in 2012 as “Florida’s largest financial liability” and “one of the nation’s most troubled residual market insurers.”