Difference between revisions of "Securities Industry and Financial Markets Association"

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== History ==
 
== History ==
  
SIFMA was formed on Nov. 1, 2005 when the [[Securities Industry Association]] and the [[Bond Market Association]] merged.
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SIFMA was formed on Nov. 1, 2005 when the [[Securities Industry Association]] and the [[Bond Market Association]] merged. Its earliest predecessor trade group, the Investment Bankers Association of America, was founded to be the voice of the investment banking industry two years after the American Bankers Association rejected a request to start an investment banking section. <ref>{{cite web|url=https://www.sifma.org/wp-content/uploads/2016/12/sifma-history-2017.pdf|name=SIFMA History|org=SIFMA|date=November 9, 2018}}</ref>
  
 
In May 2009, SIFMA announced a merger with the [[London Investment Banking Association]] to become a single, independent European organization, the [[Association for Financial Markets in Europe]] ([[AFME]]).<ref>{{cite web|url=http://www.liba.org.uk/publications/2009/LIBA%20SIFMA%20Press%20release%20Final%20(no%20watermark).pdf|name=LIBA SIFMA press release|org=LIBA|date=May 5, 2009}}</ref> AFME, SIFMA and its Asian affiliate ASIFMA, now comprise  the [[Global Financial Markets Association]] (GFMA), which represents the common interests of the world’s leading financial and capital market participants, and speaks for the industry on the most important global market issues.<ref>{{cite web|url=http://www.gfma.org/about/|name=About GFMA|org=GFMA|date=January 10, 2013}}</ref>
 
In May 2009, SIFMA announced a merger with the [[London Investment Banking Association]] to become a single, independent European organization, the [[Association for Financial Markets in Europe]] ([[AFME]]).<ref>{{cite web|url=http://www.liba.org.uk/publications/2009/LIBA%20SIFMA%20Press%20release%20Final%20(no%20watermark).pdf|name=LIBA SIFMA press release|org=LIBA|date=May 5, 2009}}</ref> AFME, SIFMA and its Asian affiliate ASIFMA, now comprise  the [[Global Financial Markets Association]] (GFMA), which represents the common interests of the world’s leading financial and capital market participants, and speaks for the industry on the most important global market issues.<ref>{{cite web|url=http://www.gfma.org/about/|name=About GFMA|org=GFMA|date=January 10, 2013}}</ref>
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In October 2018, SIFMA agreed to cut costs for its biggest members, large Wall Street banks including Goldman Sachs, JPMorgan Chase and Morgan Stanley. These big banks have long complained about paying the highest tabs among the group’s hundreds of members, according to Bloomberg.<ref>{{cite web|url=https://www.bloomberg.com/news/articles/2018-10-24/wall-street-banks-are-said-to-get-fee-cut-from-top-lobby-group|name=Wall Street Banks to Get Fee Cut From Top Lobby Group, Source Says|org=Bloomberg News|date=November 9, 2018}}</ref>
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== Key People ==
 
== Key People ==
  
 
*[[Kenneth E. Bentsen, Jr.]], President & CEO  
 
*[[Kenneth E. Bentsen, Jr.]], President & CEO  
*[[Ananias Blocker]], Executive Vice President, Public Policy & Advocacy
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*[[Salvatore Chiarelli]], Executive Vice President, Head of Conferences and Events
 
*[[Ira Hammerman]], Executive Vice President & General Counsel
 
*[[Ira Hammerman]], Executive Vice President & General Counsel
 
*[[David Krasner]], Chief Financial & Chief Administrative Officer
 
*[[David Krasner]], Chief Financial & Chief Administrative Officer
 
*[[Cheryl Crispen]], Executive Vice President, Communications and Marketing
 
*[[Cheryl Crispen]], Executive Vice President, Communications and Marketing
*[[Randy Snook]], Executive Vice President<ref>{{cite web|url=http://www.sifma.org/about/senior-management/|name=Senior Management|org=Securities Industry and Financial Market Association|date=May 6, 2015}}</ref>
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*[[Randy Snook]], Executive Vice President, Business Policies & Practices <ref>{{cite web|url=https://www.sifma.org/about/senior-management/|name=Senior Management|org=Securities Industry and Financial Market Association|date=November 9, 2018}}</ref>
  
== 2013 Board of Directors ==
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== 2018 Board of Directors ==
*Chair: [[William A. Johnstone]], Chairman and CEO, [[Davidson Companies]] 
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*Chair: Chair: [[James R. Allen]], Chairman & CEO, Hilliard Lyons
*Chair-Elect: [[John F.W. Rogers]], Chief Operating Officer, [[Goldman Sachs Group, Inc.]]
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*Chair-Elect: [[William C. Caccamise]], General Counsel of Global Banking, Global Markets, and International, Bank of America Merrill Lynch
*Vice Chair: [[Timothy Scheve]], President and CEO, [[Janney Montgomery Scott]]
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*Treasurer: [[James Wallin]], Senior Vice President, AB
*Treasurer: [[Gerard McGraw]], President, [[Fidelity Institutional]]
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*PAC Chair: [[Kenneth Gibbs]], President, [[Municipal Services Group]]<ref>{{cite web|url=http://www.sifma.org/newsroom/2014/sifma%E2%80%99s_board_of_directors_announces_newly_elected_officers/|name=SIFMA's 2015 Board of Directors Announced|org=Securities Industry and Financial Market Association|date=May 6, 2015}}</ref>
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== References ==
 
== References ==

Latest revision as of 15:08, 9 November 2018

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Securities Industry and Financial Markets Association
SIFMA.png
Founded 2005
Headquarters New York, New York
Key People Kenneth E. Bentsen, Jr., President and CEO
Website www.sifma.org

SIFMA is a 501(c)(6) organization that represents the shared interests of participants in the global financial markets. SIFMA members include international securities firms, U.S.-registered broker-dealers and asset managers.[1]

SIFMA’s mission is to promote policies and practices that work to expand and perfect markets, foster the development of new products and services, and create efficiencies for member firms, while preserving and enhancing the public’s trust and confidence in the markets and the industry. SIFMA is highly involved in Dodd-Frank deliberations via public statements and formal letters sent to the CFTC and the SEC.

SIFMA has offices in New York, Washington D.C., and London, and its associated firm, the Asia Securities Industry and Financial Market Association, is based in Hong Kong.

History

SIFMA was formed on Nov. 1, 2005 when the Securities Industry Association and the Bond Market Association merged. Its earliest predecessor trade group, the Investment Bankers Association of America, was founded to be the voice of the investment banking industry two years after the American Bankers Association rejected a request to start an investment banking section. [2]

In May 2009, SIFMA announced a merger with the London Investment Banking Association to become a single, independent European organization, the Association for Financial Markets in Europe (AFME).[3] AFME, SIFMA and its Asian affiliate ASIFMA, now comprise the Global Financial Markets Association (GFMA), which represents the common interests of the world’s leading financial and capital market participants, and speaks for the industry on the most important global market issues.[4]

In October 2018, SIFMA agreed to cut costs for its biggest members, large Wall Street banks including Goldman Sachs, JPMorgan Chase and Morgan Stanley. These big banks have long complained about paying the highest tabs among the group’s hundreds of members, according to Bloomberg.[5]

Key People

2018 Board of Directors

  • Chair: Chair: James R. Allen, Chairman & CEO, Hilliard Lyons
  • Chair-Elect: William C. Caccamise, General Counsel of Global Banking, Global Markets, and International, Bank of America Merrill Lynch
  • Treasurer: James Wallin, Senior Vice President, AB

References

  1. Organization. Securities Industry and Financial Markets Association.
  2. SIFMA History. SIFMA.
  3. LIBA SIFMA press release. LIBA.
  4. About GFMA. GFMA.
  5. Wall Street Banks to Get Fee Cut From Top Lobby Group, Source Says. Bloomberg News.
  6. Senior Management. Securities Industry and Financial Market Association.