New York, NY, November 9, 2010–The Board of Directors of SIFMA today announced it has elected John G. Taft, CEO of RBC Wealth Management, as the Association’s chairman for 2011.

Bernard B. Beal, CEO of M.R. Beal & Company, and Alexandra Lebenthal, President and CEO of Lebenthal & Co., continue in their previously appointed roles as vice chair and treasurer, respectively.

“We are delighted to welcome John as the new chairman of SIFMA,” said Tim Ryan, president and CEO of SIFMA.  “During this unprecedented time of rulemaking and implementation of new financial regulations, the industry is sharing its broad expertise and experience with regulatory agencies through thoughtful analysis, information and comment.  At the same time, the industry is working to effectively communicate the impact of these new laws on the American businesses, investors and families served by our members. John’s leadership, experience and dedication to our industry will be invaluable in these efforts.”

The following executives were elected as directors of the board with terms concluding in 2013:

Francois Barthelemy	Société Générale
Joan Binstock	Lord Abbett
Benjamin L. Brigeman	Charles Schwab & Company, Inc.
Kent Christian	Wells Fargo
Didier Descamps	HSBC Bank plc
Kenneth D. Gibbs	Jefferies & Company, Inc.
John R. Gidman	Loomis, Sayles & Company, L.P.
Thomas Hartnett	Deutsche Bank AG
David B. Heller	Goldman, Sachs & Co.
Douglas M. Hodge	PIMCO
William A. Johnstone	Davidson Companies
Edward J. Kelly, III	Citi
Kathleen Murphy	Fidelity Investments
Thomas R. Nides	Morgan Stanley
Timothy P. O’Hara	Credit Suisse Securities
Thomas Patrick	Bank of America Merrill Lynch
Joseph Sweeney	Ameriprise Financial, Inc.

The full SIFMA 2011 Board of Directors is comprised of the following executives:

Francois Barthelemy	Société Générale
Bernard B. Beal	M.R. Beal & Company
Rosemary Berkery	UBS Financial Services Inc.
Joan Binstock	Lord Abbett
Curt Bradbury Jr.	Stephens Inc.
Benjamin L. Brigeman	Charles Schwab & Company, Inc.
Richard Brueckner	Pershing LLC
Kent Christian	Wells Fargo
Jerry del Missier	Barclays Capital
Didier Descamps	HSBC Bank plc
William Dwyer	LPL Financial
Kenneth D. Gibbs	Jefferies & Company, Inc.
John R. Gidman	Loomis, Sayles & Company, L.P.
Thomas Hartnett	Deutsche Bank AG
Robert Hawley, Jr.	BNP Paribas Securities Corp.
Chet Helck	Raymond James Financial, Inc.
David B. Heller	Goldman, Sachs & Co.
Noe Hinojosa, Jr.	Estrada Hinojosa & Company, Inc.
Douglas M. Hodge	PIMCO
William A. Johnstone	Davidson Companies
Thomas M. Joyce	Knight Capital Group, Inc.
Edward J. Kelly, III	Citi
Ronald J. Kruszewski	Stifel, Nicolaus & Company, Inc.
Alexandra Lebenthal	Lebenthal & Co.
Michael Lyublinsky	Royal Bank of Scotland
Blythe Masters	JPMorgan Chase & Co.
Naoki Matsuba	Nomura Holding America Inc.
Shawn Matthews	Cantor Fitzgerald
Kathleen Murphy	Fidelity Investments
Thomas R. Nides	Morgan Stanley
Timothy P. O’Hara	Credit Suisse Securities
Thomas Patrick	Bank of America Merrill Lynch
Walter S. Robertson, III	Scott & Stringfellow, LLC.
Timothy C. Scheve	Janney Montgomery Scott LLC
Joseph Sweeney	Ameriprise Financial, Inc.
John G. Taft	Royal Bank of Canada
James A. Tricarico	Edward Jones
David W. Wiley, III	Wiley Bros. – Aintree Capital LLC

SIFMA member-firms elect the board of directors, from which the chairman and other officers were elected at a board meeting held today in New York City.

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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 www.sifma.org.