Manuel [Manny] Flores is the Chief Strategy Officer at Glass Mountain Capital (GMC), a leading distressed assets recovery company headquartered in Schaumburg, Illinois. He also serves as Of Counsel with the law firm of Kelleher & Buckley LLC, and is a board member of KSIX Media Holdings Inc., a publicly-traded, multi-media internet company.
Manny has a unique career background with a track record of notable success in blending public policy making and impactful implementation in both the government and private sectors. Manny served in the Chicago City Council from 2003-2010 where he distinguished himself for his work in economic development. In 2010, Manny joined Illinois Governor Pat Quinn’s cabinet; he served as Acting Chairman of the Illinois Commerce Commission (2010-2011) charged with regulating investor-owned utilities and as Director and Acting Secretary (2011-2015) of the Illinois Department of Financial and Professional Regulation (IDFPR) charged with regulating state-chartered depository institutions and consumer finance companies and professionals.
While leading IDFPR, Manny took an interest in the rapid innovation and impact of emerging payment systems, crypto currencies and blockchain technology across the financial services industry, and worked with the Conference of State Bank Supervisors to establish regulatory frameworks to better balance consumer protection and private market, fintech innovation and investment. Prior to joining GMC, Manny was a partner at the law firm of Arnstein & Lehr (2015-2017), successfully representing banks and start-up fintech clients on regulatory and compliance matters.
Manny is a member of FinTEx, a Chicago member-driven non-profit that is a B-to-B fintech networking platform and advocacy organization, where he co-chairs the regulatory and compliance committee. In September of 2017, Manny was appointed to the Illinois Legislative Blockchain and Distributed Ledger Task Force (BDLTF) in recognition of his work and expertise in regulatory and compliance issues impacting fintech companies. Manny along with his fellow BDLTF colleagues are charged with publishing a report with findings and recommendations for the Illinois General Assembly on how to implement blockchain/distributed ledger technology to enhance government operations, constituent services and promote private sector innovation and investment.
Manny is very passionate about community engagement and social impact investment; he serves on the boards of ChildServ, Dominican University, World Chicago, Environmental Law and Policy Center, SomerCor 504 (an SBA-CDC), and the Cook County Economic Development Advisory Committee.