SIFMA Names Former Sen. Gregg as CEO

Acting CEO Benstsen becomes president

Sen. Judd Gregg talking about tax cuts in 2010. (Photo: AP) Sen. Judd Gregg talking about tax cuts in 2010. (Photo: AP)

The Securities Industry and Financial Markets Association announced Monday that Judd Gregg, former senator and governor of New Hampshire, has been appointed Chief Executive Officer and that Ken Bentsen, SIFMA Acting President & CEO, is now president.

Chet Helck, SIFMA chairman and CEO of the Global Private Client Group at Raymond James Financial, said in a statement that “Judd’s experience as both a governor and legislator will be of tremendous value to SIFMA in bridging the gap between the complexities of the financial markets and the positive impact our markets have on every community across America.”

Gregg and Bentsen, “who has proven himself as an outstanding member of SIFMA’s senior management,” Helck continued, “are the right team to lead SIFMA in our important mission of ensuring trust in our financial markets, fostering an understanding of the important role efficient capital markets play in the life of every American working and living across the country and demonstrating the positive impact the financial services industry has on economic growth and job creation.”

Gregg, who served three terms and was a ranking Republican member on three Senate committees—Appropriations; Banking, Housing and Urban Affairs; and Health, Education, Labor and Pensions—said in the same statement that “it is an honor to join SIFMA as CEO. America’s success and prosperity depends on a vibrant financial system providing access to capital and credit that helps people on Main Streets across America build on their dreams of opening a small business, saving to be able to send their children to college, buying their first home or saving for retirement.”

SIFMA has been searching for a permanent CEO replacement since Tim Ryan left on Feb. 23 to become global head of regulatory policy and strategy at JPMorgan Chase & Co. Ryan had been president and CEO of SIFMA since April 2008.

Jim Rosenthal, chairman-elect of SIFMA and chief operating officer at Morgan Stanley, added in the same statement that Gregg was “a national leader and a respected voice on financial regulatory and economic issues.” As SIFMA focuses on increasing trust and confidence in the financial markets, Rosenthal said, “and allowing that confidence to grow and create jobs, I can’t envision a better team than Judd and Ken to lead us. I feel more confident in the Association’s ability to communicate effectively at every level—to the government, to regulators, internationally and, most important, to the people who look to financial services to help them achieve their goals.”

Prior to joining the U.S. Senate, Gregg served two terms as governor of New Hampshire and four terms as a member of the U.S. House of Representatives. Gregg currently serves as a co-chairman of the bipartisan Campaign to Fix the Debt and served on the National Commission on Fiscal Responsibility. He holds a Juris Doctor and Master of Laws from Boston University and a Bachelor of Arts in English from Columbia University.

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