Securities Industry and Financial Markets Association

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Securities Industry and Financial Markets Association
Founded 2005
Headquarters New York, New York
Key People Kenneth E. Bentsen, Jr., President and CEO

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.


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[edit]

2018 Board of Directors[edit]

  • 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


  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.