Former Sen. Judd Gregg, CEO of the Securities Industry and Financial Markets Association, stepped down Thursday from his post. SIFMA’s president, Ken Bentsen, is replacing him.
Gregg will continue working with the association as a senior advisor.
He said in a statement that his decision to step down reflected his “personal need to spend less time commuting to Washington from New Hampshire and slowing a hectic schedule.”
Gregg was named CEO in May.
“Although I am stepping down as CEO, I look forward to continuing to work with Ken and the entire SIFMA team, especially in the area of communicating the importance of a strong capital markets system and investment community in supplying the fuel for America’s economic engine,” Gregg said.