Erhard R Chorlé Nominated for RRB Chairman

President Trump has nominated Erhard Chorlé to fill the position of Chairman of the Railroad Retirement Board (RRB).

Erhard R. Chorlé is a Partner in the firm Pedersen and Houpt in Chicago IL. He is part of the firm’s Corporate and Business Counseling Practice Group. He focuses his practice on providing corporate securities, regulatory and government advice and counsel.  He advises and represents public and private corporations, financial services firms and state and local government and agencies. 

Chorlé began his legal career in Illinois State Government. He served as Senior Assistant to the Director of Labor, Deputy Secretary of State, and also as the State’s Securities Commissioner.  He served as the Executive Assistant to Governor Jim Edgar for Financial and Regulatory Affairs.  In that capacity, he oversaw the state’s major financial regulations department, including Banks and Trusts and Insurance, as well as the state’s various financing authorities and pension funds.

He also served as Chairman of the Illinois State Board of Investment, a $10 billion fund investing the assets of three Illinois State pension systems.

In private practice, Chorlé represented individuals, corporations and governments and their agencies. He served clients in a wide range of industries, including gaming, securities, healthcare hospitality, finance, venture capital and manufacturing.

He has served as general counsel to a publicly-traded metals recycling company, a community hospital, and a large and diverse financial services corporation.

Representative experience:

• As general counsel of a publicly traded metals recycling company, undertook 14 significant acquisitions, mergers and financings, including all corporate, securities, environmental and other regulatory work
• Served as Real Estate Counsel to the Illinois Housing Development Authority Housing Trust Fund
• Represented clients before regulatory agencies, including: the Illinois Departments of Insurance, Labor, Financial Institutions, Public Health, Environmental Protection, Banks and Trusts and Securities
• Represented gaming clients in Illinois, Indiana, Louisiana and Florida, as well as in Mexico and Greece
• Advised the City of Detroit in establishing its gaming regulatory scheme
• Served as in house counsel and executive vice president to the parent holding company to several subsidiary financial services corporations. These included a 1,000 person independent representative–based business and an investment banking, broker–dealer and advisory firm focused primarily on private equity

Click here to read the nomination announcement from the White House.

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