Release Date: December 12, 2013
Contact: Cheryl Crispen, firstname.lastname@example.org, 202.962.7474
SIFMA Appoints Kenneth E. Bentsen, Jr. President and CEO, announces former Senator Judd Gregg will step down as CEO
Washington, D.C., December 12, 2013-The Securities Industry and Financial Markets Association (SIFMA) today announced the appointment of Kenneth E. Bentsen, Jr. as President and CEO, effective immediately. Bentsen previously served as SIFMA's president. Former Senator Judd Gregg has informed the SIFMA Board of Directors that he is stepping down as CEO. Senator Gregg will continue working with the association in the role of senior advisor.
"Ken has been an outstanding member of the SIFMA management team for the past five years and we are pleased he will lead SIFMA in our important mission of ensuring trust in our financial markets and fostering an understanding of the important role effective and efficient capital markets play in financing a growing American economy," said Jim Rosenthal, SIFMA Chairman and Chief Operating Officer of Morgan Stanley. "Ken's extensive knowledge of our industry will be critical as we communicate with regulators, Congress and the broader public in the coming years. I also want to thank Judd for his valuable insight over the last year and am pleased he has agreed to remain involved with SIFMA as a senior advisor as we communicate the important role a vibrant financial system plays in providing access to capital and credit that promotes economic growth and job creation."
"I am honored to have the opportunity to serve as SIFMA's President and CEO," Bentsen said. "As the leading trade association for the capital markets business, SIFMA will continue to communicate the important work our members do in promoting effectively functioning markets as a critical underpinning of broad economic growth and job creation. SIFMA has the benefit of an outstanding member base and a talented employee team both of which I look forward to working with in this new role. Finally, my thanks go out to Judd for his extraordinary partnership since joining SIFMA and I am pleased he will continue to work with SIFMA in an advisory capacity."
"Although I am stepping down as CEO I look forward to continuing to work with Ken and the entire SIFMA team, especially in the area of communicating the importance of a strong capital markets system and investment community in supplying the fuel for America's economic engine," said former Senator Judd Gregg. "My decision to step down as CEO of SIFMA does not in any way diminish my commitment to and involvement in promoting the critical role a vibrant capital markets system plays in helping Americans succeed and Main Street prosper but only reflects my personal need to spend less time commuting to Washington from New Hampshire and slowing a hectic schedule."
Prior to being appointed president of SIFMA, Mr. Bentsen served as Executive Vice President of Public Policy and Advocacy since 2009 overseeing SIFMA's legal, legislative and regulatory affairs and served as a leading industry voice. Prior to joining SIFMA, Mr. Bentsen was president of the Equipment Leasing and Finance Association (ELFA). From 1995 to 2003, Mr. Bentsen served as a Member of the U.S. House of Representatives from Texas, where he sat on the House Financial Services Committee (and its predecessor House Banking and Financial Services Committee), and separately on the House Budget Committee. Prior to his service in Congress, Mr. Bentsen was an investment banker with George K. Baum & Company and before that Drexel Burnham Lambert, Inc., where he specialized in municipal and mortgage finance. Mr. Bentsen has a B.A. from the University of St. Thomas and an M.P.A. from American University.
The Securities Industry and Financial Markets Association (SIFMA) brings together the shared interests of hundreds of securities firms, banks and asset managers. SIFMA's mission is to support a strong financial industry, investor opportunity, capital formation, job creation and economic growth, while building trust and confidence in the financial markets. 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, visit http://www.sifma.org.