Michael D. Jones joined PBS in January 2009 as Chief Operating Officer. Working closely with PBS President and CEO, Paula Kerger, Mr. Jones is charged with ensuring that all PBS services and activities are strategically aligned with the organization’s vision and mission and that resources are allocated effectively to meet financial objectives, system priorities and marketplace challenges and opportunities.
Prior to joining PBS, Mr. Jones was Senior Executive Vice President and Chief Administrative Officer (CAO) of the Financial Industry Regulatory Authority (FINRA, formerly NASD - the National Association of Securities Dealers), the largest non-governmental regulator for all securities firms doing business in the United States. He was also a member of the organization’s management committee and served as president of the NASD Foundation.
An attorney and a former Deputy Public Affairs Counsel for the Securities and Exchange Commission, Mr. Jones was responsible for all NASD day-to-day internal operations and business affairs, reporting directly to the Chairman and Chief Executive. In his role as CAO, Mr. Jones provided strategic and operational oversight of the NASD real estate, internal audit, purchasing, conferences, corporate travel, telecommunications and affinity groups worldwide.
In addition, his management responsibilities included direct oversight of human resources, corporate communications and government affairs, and he established the Office of Individual Investor Services, Strategic Planning and Economic Research. He was also a member of the NASD’s strategic team examining corporate governance issues.
During his tenure at the NASD, Mr. Jones’ responsibilities spanned business operations, policy matters and support services. He assisted in the implementation of limit order rules, helped restore individual investor confidence in the NASD, and reorganized NASD departments while simultaneously creating and implementing cost-saving measures. He also had a leadership role in restructuring the internal operations of NASD subsidiaries, the Nasdaq Stock Market and the American Stock Exchange (Amex), following his involvement in complex aspects of the negotiations for the demutualization of Nasdaq and the acquisition of the Amex. He also led the NASD, Nasdaq and American Stock Exchange negotiations with the City and State of New York.
Prior to joining NASD in 1996, Mr. Jones was Deputy Director/Counsel of the Securities and Exchange Commission’s Office of Public Affairs, Policy Evaluation and Research. In that position, he provided counsel on legislative and regulatory matters and served as a spokesperson for the SEC.
Earlier in his career, Mr. Jones served two U.S. Senators -- Senators Bill Bradley of New Jersey and Edward Brooke of Massachusetts -- and also served as the Spokesperson and Political Advisor for Presidential candidate John Anderson, Congressman from Illinois.
For the Anderson presidential campaign, Mr. Jones developed a national field organization that increased candidate name recognition, built positive relationships with the traveling press corps, and achieved recognition as surrogate for the candidate, appearing on radio and television and at editorial boards. Representative Anderson’s campaign was recognized as one of the most successful ever mounted by a third-party candidate.
During his career, Mr. Jones also served as a Public Affairs Counselor with one of the nation’s largest public relations firm, Burson-Marsteller, and as National Director of Public Relations for the March of Dimes national headquarters. He was also previously a Partner in the Washington, D.C. law firm of Hayes & White, where he specialized in communications, corporate and general litigation law.
Mr. Jones received his bachelor’s degree from Boston College where he was selected as a Scholar of the College. He then entered Boston College School of Law, where he earned his juris doctor. He is a member of the Bars of the State of Maryland and the District of Columbia.
Active in community affairs, Mr. Jones has been a member of the Board of Trustees of Boston College and is a member of the Board of Advisors of the Boston College Law School. He was also a board member of JumpStart and President of the Alliance for Investor Education.