The SIFMA Organization
SIFMA’s priorities for 2009 include, among others, addressing financial regulatory reform issues and rebuilding confidence in the financial markets. For a full description of our priorities, please click here.
Members and Purpose
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, US-registered broker-dealers and asset managers. Member participation is the very core of who we are and the key to our effectiveness.
The Association represents the industry on regulatory and legislative issues and initiatives, and also serves as a forum for outreach, training, education and community involvement. SIFMA has offices in New York, Washington D.C., London and Hong Kong, where our sister organization, the Asia Securities and Financial Markets Association, is located.
Board of Directors
SIFMA’s staff and the President & CEO report to SIFMA’s Board of Directors, which manages the business and affairs of the Association. There are between 36 and 40 Directors at any given time whose three year terms are staggered equally. The Board sets the Association’s priorities and determines positions on matters of public policy. To ensure a comprehensive representation of the industry, the governing by-laws dictate that the Board is geographically diverse, includes both small and large firms and consists of broker-dealers, asset managers and firms that support independent contractors. There are five subcommittees of the Board of Directors: the Executive Committee; Audit / Finance Committee; Compensation Committee; Nominating Committee; and Membership Committee.
Standing Committees and Societies
SIFMA has approximately eighty standing committees, eight affiliate associations and ten professional societies. In addition, task forces and subcommittees meet and evolve to address specific topical needs as they arise. Through these functions, thousands of industry participants gather to share their views and ensure their collective voice is heard by governments across the globe.
Our partners in the GFMA alliance
SIFMA, with offices in New York and Washington, D.C., is the U.S. regional member of the Global Financial Markets Association (GFMA). For more information on GFMA, visit www.gfma.org. For more information on GFMA’s other regional members, visit the Association for Financial Markets in Europe at www.afme.org or the Asia Securities Industry and Financial Markets Association at www.asifma.org.
Grassroots Efforts
With so many urgent issues before policymakers, it is vital we inform them how their decisions could affect the voters and businesses in their home districts. Phone calls and e-mail from constituents were a critical component of getting TARP legislation passed last year, and they will be vital again in 2009. To that end, SIFMA is strengthening its grassroots capabilities.
For more information, or to learn about more ways to become involved with the Association, please contact Doug Taggart at inquiry@sifma.org or 212-313-1173.
