SIFMA gains new CEO

The Securities Industry and Financial Markets Association (SIFMA) has hired Timothy Ryan as its chief executive, replacing Marc Lackritz.

Blythe Masters, New York-based chairman of the financial trade organisation and JP Morgan’s head of global commodities, said: “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.”

Ryan’s most recent role has been as vice-chairman of investment banking for financial institutions and governments at JP Morgan. Before joining JP Morgan in 1993, Ryan worked at the Office of Thrift Supervision (OTS), a division of the US Department of the Treasury, where he was a director and a principal manager of the savings and loan clean-up.

Ryan will begin his new job in early February and be based in New York. JP Morgan declined to comment on who will replace him.

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