"I'm grateful the Illinois Senate
agreed to give me the opportunity to lead this new agency. It is, of
course, a great honor for me and my family," said Secretary Grillo,
a native of Chicago's north side. "It is also an honor for the many
people in my community who have helped me throughout my career in
Grillo, who joined Gov. Blagojevich's
administration as director of the Department of Professional
Regulation in July 2003, will lead an agency that combines the
Department of Professional Regulation with the Department of
Financial Institutions, the Office of Banks and Real Estate, and the
Department of Insurance. The combined department is expected to save
nearly $14 million in its first year.
"Under Fernando's leadership, the new
Department of Financial and Professional Regulation will improve
efficiency and maximize the state's ability to ensure the integrity
and standards of regulated industries and professions in Illinois,"
Gov. Blagojevich said.
[to top of second column in
The governor proposed last April to
consolidate the four agencies, which officially became the
Department of Financial and Professional Regulation on July 1. More
than 800 employees of the new department, which officially merged
July 1, serve Illinois consumers and nearly 1 million licensed
professionals in approximately 100 fields.
sensitive to DFPR's mission of both protecting consumers and
addressing the concerns of the industries and professions we
regulate," Secretary Grillo said. "We understand the importance of
working with consumer, industry and professional groups to make this
new department [a] success."