The Securities Industry and Financial Markets Association (SIFMA) has appointed T. Timothy Ryan, Jr. as its chief executive officer to be based in New York. Ryan replaces Marc Lackritz who retired December 31, 2007.
"After a thorough six month search, it became crystal clear to the SIFMA search committee that Tim had the right mix of hands-on industry and product knowledge, keen command of domestic and global public policy, and proven leadership skills," says SIFMA Chairman Blythe Masters, who is also head of global commodities at J.P. Morgan. "His experience and expertise will be of great value in further establishing SIFMA as the powerful voice of the securities industry and global financial markets."
Ryan has been vice chairman of investment banking for financial institutions and governments at J.P. Morgan and a member of the firm's investment banking coverage management committee. Prior to joining J.P. Morgan in 1993, he was the director of the Office of Thrift Supervision (OTS) at the U.S. Department of the Treasury. As OTS director, he served as the banking and securities regulator for the nation's 2,000 thrifts and managed an office of 3,000 employees in 11 offices; he was also a principal manager of the savings and loan cleanup, which involved closing some 700 insolvent institutions, improving capital bases and selling over $300 billion of assets.
"SIFMA will continue to play an essential role as the industry's single powerful voice," says Ryan. "I look forward to working with the Board and SIFMA's senior management to drive their goals of ensuring the public's trust in the securities industry and financial markets; promoting effective, efficient regulation; facilitating more open and competitive global capital markets, as well as championing investor education and retirement savings."
Janet Levaux is the managing editor of Research; reach her at email@example.com.