Securities Industry and Financial Markets Association
From Wikipedia, the free encyclopedia
The Securities Industry and Financial Markets Association (SIFMA) is an industry trade group representing securities firms, banks, and asset management companies in the U.S., Europe, and Asia. SIFMA was formed on November 1, 2006, from the merger of The Bond Market Association and the Securities Industry Association.
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[edit] Mission, members, and offices
SIFMA brings together the shared interests of more than 650 securities firms, banks, and asset managers. 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 works to represent its members’ interests locally and globally. It has offices in New York, Washington, DC, and London.
Its associated firm, the Asia Securities Industry & Financial Markets Association (ASIFMA), is based in Hong Kong.[1]
The European High Yield Association (EHYA), an affiliate of SIFMA located in London, is a trade association representing participants in the European high yield market. Members include banks, investors, issuers, law firms, accounting firms, financial sponsors, and other participants in the European high yield market.[2]
The European Securitisation Forum (ESF) is an independent, self-funded organisation operating as a forum of SIFMA, promoting the efficient growth and continued development of securitisation throughout Europe. It advocates the positions, represents the interests, and serves the needs of its members — European securitisation market participants. The ESF seeks to increase awareness, build consensus and pursue advocacy projects relating to a broad array of legal, regulatory, accounting, capital, tax and other issues that impact the European securitisation markets, working with relevant European regulators and standards-setters. The ESF is supported by a full-time professional and administrative staff, and benefits from shared SIFMA resources. Operating within the parameters of SIFMA's By-laws, the ESF is governed by a Board of Directors and a network of standing committees and working groups drawn from the ESF's broad membership base.[3]
The American Securitization Forum (ASF) is an independent, self-funded organization operating as a forum of SIFMA, a single voice for industry and market regulatory and legislative priorities, delivering education and information to individuals to advance their knowledge. The ASF is supported by a full-time professional and administrative staff, and benefits from shared SIFMA resources. Operating within the parameters of SIFMA's By-laws and the ASF's By-laws, the ASF is governed by a Board of Directors, an Executive Committee, a Management Committee, and a network of standing committees and Subforums drawn from the ASF’s broad membership base.[4]
[edit] Groups
SIFMA has three product and customer based groups that focus both on the US and globally: Capital Markets, Private Client, and Asset Management. The Capital Markets Group focuses on the primary and secondary markets for equity and fixed income securities, and its customer focus is issuers, underwriters, traders and institutional investors. The Private Client Group focuses on investment products sold to private clients, as well as individual investor education. The Asset Management Group focuses on investment products about which asset managers provide investment advice or investment management services, and on institutional investors and hedge funds.
[edit] Senior management
SIFMA's senior management includes T. Timothy Ryan (CEO & President), Randy Snook (Senior Managing Director & EVP), Don Kittell (Chief Financial Officer), Scott DeFife (Senior Managing Director, Government Relations), Ira Hammerman (Senior Managing Director & General Counsel), Richard Hunt (Senior Managing Director, Government Relations), Christina Martin (Senior Managing Director, Strategic Communications), and Karsten Moller (Senior Managing Director, Europe & Asia).
[edit] Board of Directors
SIFMA's Chairman of the Board is Blythe Masters (Head of Global Commodities, J.P. Morgan Chase), Chair-Elect is G. Douglas Edwards (President & CEO, Morgan Keegan & Company, Inc.), and Vice Chairs are Bernard Beal (CEO of M.R. Beal & Company), and Michael Ryan (Head of Institutional Securities, Credit Suisse). Other directors include Abigail Johnson (President, Fidelity Employer Services Company, Fidelity Investments) and Sallie Krawcheck (Chairman & CEO, Citi Global Wealth Management), among others.
