Sifma Chief Leaves for JPMorgan Post

T Timothy Ryan, the president and CEO of the Securities Industry and Financial Markets Association (Sifma), has resigned from his post at the lobbying group in order to take up a regulatory affairs role at JPMorgan Chase.

Ryan has served as the Sifma boss since April 2008, overseeing the organization as it has become one of the most vocal in the financial services industry for lobbying US politicians regarding the Dodd-Frank Act and other areas. Ryan will rejoin JPMorgan as its global head of regulatory strategy and policy, having previously worked at the bank from 1993 to 2008.

Before his first stint at JPMorgan, where he was ultimately its vice chairman of investment banking for financial institutions and governments, Ryan was himself a regulator, directing the Office for Thrift Supervision at the US Department of the Treasury. He started his career as a lawyer, working first for the US Department of Labor as a solicitor for labor, and later as a partner at the Washington, DC law firm Reed, Smith, Shaw & McClay.

Effective February 23, Kenneth E Bentsen Jr, executive vice president for public policy and advocacy at Sifma will take over as its acting CEO and president. A search for a permanent replacement is underway.