Edward A. Palleschi
Appointed in 2019 by Governor Charlie Baker, Edward A. Palleschi serves as the Undersecretary for the Office of Consumer Affairs and Business Regulation (OCABR) for the Commonwealth of Massachusetts. OCABR is dedicated to protecting and empowering consumers throughout the Commonwealth with outreach, advocacy and education, while ensuring a fair playing field for Massachusetts businesses. Palleschi’s oversight extends to the Offices’ five regulatory agencies; the Division of Banks, Division of Insurance, Division of Occupational Licensure, Division of Standards, and the Department of Telecommunications and Cable.
Currently, Undersecretary Palleschi chairs the Financial Services Advisory Council (FSAC). Established through legislation, the FSAC’s mission is to preserve and advance the competitiveness and leadership of the state’s financial services industry, including the banking, investment management, insurance, and venture capital sectors. The 14-person council is made up of representatives from the financial services sector, legislators, economic development and housing, and higher education sectors that all serve two-year appointments. He also is a member of several other consumer focused boards across the Commonwealth.
Under his leadership, Undersecretary Palleschi instituted OCABR’s Licensee Recognition program. An enthusiast of business excellence, the program aims to recognize and highlight businesses licensed or registered in Massachusetts that continue to reach high standards through their work and commitment to their consumers.
From 2015 through 2018, Undersecretary Palleschi served as the Deputy Chief Secretary of Boards and Commissions for Governor Baker. During that time he helped advance the Governor’s vision of delivering a more accountable, capable, and representative government, leading the recruitment and appointment of a diverse group of more than 2,000 Massachusetts residents to over 700 boards and commissions.
Undersecretary Palleschi combines private sector experience with a deep commitment and expertise in state government. He worked in business development in the insurance, advertising, and financial services industries, including five years as Director of Business Development at Community Credit Union until 2014. Previously, he was appointed by former Governor Mitt Romney to the Division of Professional Licensure as Executive Director.
A graduate of Saint Anselm College in Manchester, New Hampshire, Undersecretary Palleschi and his family reside in his native Swampscott. He served two terms on the Swampscott School Committee and was a 2018 recipient of the Massachusetts Women’s Political Caucus Good Guys Award, which honors male leaders for working to advance gender equality.