24:
273:
SIFMA's top-three highest-paid officers in the fiscal year ending
October 31, 2009 were CEO Tim Ryan at $ 2.43 million, Executive Vice President Randolph Snook at $ 1.04 million, and General Counsel Ira Hammerman at $ 777,000. SIFMA received total revenue that year of $ 75 million, had total expenses
214:
Other members of SIFMA’s senior management consists of Joseph L. Seidel (Chief
Operating Officer), David Krasner(Chief Financial and Chief Administrative Officer), Salvatore Chiarelli (Head of Conferences and Events), Cheryl Crispen (Communications and Marketing), Saima A. Ahmed (General Counsel) and
237:
structure, with the SIA's Marc E. Lackritz and BMA's Micah S. Green filling the positions. As a 2007 report summarized it, "Lackritz ha been a friend, colleague and mentor of Green's for two decades." However, with slower-than-hoped-for integration of the merged organization's operations, and with
277:
CEO Tim Ryan earned $ 2.51 million base compensation (and $ 2.89 million total compensation) for the fiscal year ended
October 31, 2012, more than the compensation of any of the officials heading the other 20 self-regulatory, industry, government, and other municipal securities-related groups. His
246:
SIFMA’s Board of
Directors manages the business and affairs of the Association. Board members are either the chief executive officer of a SIFMA member firm, or a designee of such chief executive officer. All Board members have the authority to represent the views of their firms and are elected on a
175:
Currently, the organization represents the industry's 1 million employees, serving clients. They handle more than $ 185 trillion in assets and manage more than $ 67 trillion in assets for individual and institutional clients. These clients include mutual funds and retirement plans, as well as banks
171:
The
Securities Industry and Financial Markets Association (SIFMA) is a not-for-profit trade association that represents securities brokerage firms, investment banking institutions, and other investment firms. SIFMA represents firms of all sizes in all financial markets in the U.S. and around the
263:
SIFMA's highest-paid officer in 2008 was its new president and CEO Tim Ryan (at approximately $ 2 million, for
January–October). Ryan had been hired to replace Lackritz in January 2008, at a 43% ($ 600,000) higher level of compensation, for less than a full year. Ryan wrote in a
274:
of $ 82 million, and finished the year with a fund balance of $ 40 million. In 2011, Ryan's compensation was the highest among the leaders of 22 self-regulatory, dealer, governmental, and other groups in the municipal bond market, at $ 3.0 million.
259:
In 2007 SIFMA had $ 105 million in both revenues and expenses. SIFMA's highest-paid officers that year were Donald Kittel (then CFO), $ 2.1 million, Marc
Lackritz (then president & CEO), $ 1.5 million, and Randolph Snook (SMD), $ 1.1 million.
825:
188:(PACs) gave $ 421,584 in political contributions during the 2020 election cycle. The organization advocates to lawmakers on issues ranging from infrastructure spending, Department of Labor regulations, and SEC rulings.
485:
238:
questions about the handling of executive loans by BMA, Green resigned abruptly that year and
Lackritz assumed the role of sole CEO. Nine months later, Lackritz retired and T. Timothy Ryan Jr. was named CEO.
157:
The combined businesses of SIFMA’s bank, broker-dealer and asset management members represent 75% of the U.S. broker-dealer sector by revenue and 50% of the asset management sector by assets under management.
250:
The board consists of
Chairman Jim Reynolds (Loop Capital Markets), Chair-Elect Ken Cella (Edward Jones), Vice-Chair Laura Peters Chepucavage (Bank of America), and Treasurer Lisa Kidd Hunt (Charles Schwab).
208:
493:
444:
200:
820:
768:
406:
815:
691:
419:
282:, who earned $ 165,300. Executive Vice President Ken Bentsen received a total of $ 1.12 million, and Randy Snook received $ 1.04 million.
270:
editorial in August 2009 that compensation practices at financial services firms should align with long-term, not short-term, performance.
204:
737:
515:
176:
and brokerage firms. The organization’s members consist of more than 13,000 professionals in the finance and banking industries.
388:
219:
144:
299:
223:
66:
593:
567:
458:
542:
323:
185:
710:
199:, a former U.S. Congressman, is SIFMA's CEO & President. In 2014, he also replaced Simon Lewis, CEO of the
140:
226:, as EVP, Global Advocacy; eight months later Paese left SIFMA to become director of government affairs at
638:
461:(Press release). Securities Industry and Financial Markets Association. August 21, 2008. Archived from
124:
128:
666:
519:
152:
136:
70:
278:
compensation was far higher than that of the
Securities and Exchange Commission Chairman
516:"Nat'l. Restaurant Association Names Scott DeFife EVP, Policy & Government Affairs"
56:
407:"Senator Wicker proposes bipartisan infrastructure legislation - Transportation Today"
809:
279:
227:
148:
769:"SEC Chair s Salary Far Below Group Execs Representing Firms, Individuals Overseen"
518:(Press release). National Restaurant Association. December 14, 2009. Archived from
370:
692:"SIFMA's Ryan says pay should align with long-term performance, risk management"
392:
196:
52:
218:
In August 2008, SIFMA hired Michael Paese, former Deputy Staff Director of the
619:
597:
571:
462:
800:
266:
459:"Michael M. Paese Joins SIFMA as Executive Vice President, Global Advocacy"
23:
139:
companies. SIFMA was formed on November 1, 2006, from the merger of the
230:. Scott DeFife, who had reported to Paese, left SIFMA in December 2009.
738:"SIFMA s Ryan is Highest Paid Among Leaders of 22 Muni-Related Groups"
207:(GFMA), the umbrella group for AFME, ASIFMA, and SIFMA. ASIFMA is the
233:
After the 2006 merger which created SIFMA, the organization had a co-
826:
Business and finance professional associations in the United States
420:"HSBC’s Samir Assaf Replaces Blythe Masters Atop Lobbying Group"
132:
389:"Securities Industry & Financial Mkt Assn Profile: Summary"
348:
371:"SIFMA (Security Industry/Financial Market Assoc.) Definition"
234:
486:"Former Barney Frank Staffer Now Top Goldman Sachs Lobbyist"
324:"Merger of Wall Street Groups Creates a Lobbying Powerhouse"
209:
Asian Securities Industry and Financial Markets Association
102:
795:
596:(Press release). SIFMA. January 16, 2008. Archived from
431:
801:"Richard Hunt Leaving SIFMA," Roll Call News, 11/12/08
570:(Press release). SIFMA. March 29, 2007. Archived from
796:
Securities Industry and Financial Markets Association
117:
Securities Industry and Financial Markets Association
97:
86:
76:
62:
48:
30:
364:
362:
762:
760:
758:
8:
201:Association for Financial Markets in Europe
22:
18:
709:Temple-West, Patrick (October 19, 2010).
247:staggered basis by the SIFMA membership.
711:"FINRA Leads the Pack in Hefty Payouts"
660:
658:
290:
568:"Marc Lackritz Appointed CEO of SIFMA"
298:Ackerman, Andrew (October 30, 2008).
7:
665:Ackerman, Andrew (August 26, 2009).
205:Global Financial Markets Association
322:Birnbaum, Jeffrey (June 27, 2006).
484:Carney, Timothy (April 28, 2009).
16:United States industry trade group
14:
821:Organizations established in 2006
594:"Tim Ryan Appointed CEO of SIFMA"
543:"Lobby's Co-CEO Quit After Probe"
541:Birnbaum, Jeffrey (May 7, 2007).
767:Hume, Lynn (September 3, 2013).
300:"SIFMA Lays Off 40 Amid Turmoil"
736:Hume, Lynn (October 10, 2012).
220:Committee on Financial Services
180:Political Advocacy and Lobbying
145:Securities Industry Association
620:"Board & Officers - SIFMA"
1:
816:Finance industry associations
667:"Making Millions in Muniland"
162:Mission, members, and offices
186:political action committees
842:
215:Josh Wilsusen (Advocacy).
21:
224:House of Representatives
434:. Retrieved 2015-09-21.
197:Kenneth E. Bentsen, Jr.
141:Bond Market Association
82:Kenneth E. Bentsen, Jr.
639:"Where the Money Goes"
203:(AFME), as the CEO of
36:; 17 years ago
123:) is a United States
34:November 1, 2006
432:ASIFMA web home page
147:. It has offices in
125:industry trade group
496:on January 17, 2010
490:Washington Examiner
445:"Senior Management"
328:The Washington Post
242:Board of directors
67:Political lobbying
192:Senior management
113:
112:
78:President and CEO
833:
784:
783:
781:
779:
764:
753:
752:
750:
748:
733:
727:
726:
724:
722:
706:
700:
699:
688:
682:
681:
679:
677:
662:
653:
652:
650:
648:
643:
637:The Bond Buyer.
634:
628:
627:
616:
610:
609:
607:
605:
590:
584:
583:
581:
579:
564:
558:
557:
555:
553:
538:
532:
531:
529:
527:
522:on June 19, 2010
512:
506:
505:
503:
501:
492:. Archived from
481:
475:
474:
472:
470:
455:
449:
448:
441:
435:
429:
423:
417:
411:
410:
403:
397:
396:
385:
379:
378:
366:
357:
356:
345:
339:
338:
336:
334:
318:
312:
311:
309:
307:
302:. On Wall Street
295:
153:Washington, D.C.
137:asset management
109:
106:
104:
90:
71:public relations
44:
42:
37:
26:
19:
841:
840:
836:
835:
834:
832:
831:
830:
806:
805:
792:
787:
777:
775:
766:
765:
756:
746:
744:
735:
734:
730:
720:
718:
708:
707:
703:
698:. July 2, 2015.
690:
689:
685:
675:
673:
664:
663:
656:
646:
644:
641:
636:
635:
631:
618:
617:
613:
603:
601:
592:
591:
587:
577:
575:
566:
565:
561:
551:
549:
547:Washington Post
540:
539:
535:
525:
523:
514:
513:
509:
499:
497:
483:
482:
478:
468:
466:
457:
456:
452:
443:
442:
438:
430:
426:
422:, May 14, 2014.
418:
414:
405:
404:
400:
387:
386:
382:
369:Downey, Lucas.
368:
367:
360:
349:"About – SIFMA"
347:
346:
342:
332:
330:
321:
319:
315:
305:
303:
297:
296:
292:
288:
257:
244:
194:
182:
169:
164:
101:
88:
79:
40:
38:
35:
17:
12:
11:
5:
839:
837:
829:
828:
823:
818:
808:
807:
804:
803:
798:
791:
790:External links
788:
786:
785:
773:The Bond Buyer
754:
742:The Bond Buyer
728:
715:The Bond Buyer
701:
683:
671:The Bond Buyer
654:
629:
611:
585:
559:
533:
507:
476:
450:
436:
424:
412:
398:
380:
358:
340:
313:
289:
287:
284:
256:
253:
243:
240:
193:
190:
181:
178:
168:
165:
163:
160:
111:
110:
99:
95:
94:
91:
84:
83:
80:
77:
74:
73:
64:
60:
59:
57:advocacy group
50:
46:
45:
32:
28:
27:
15:
13:
10:
9:
6:
4:
3:
2:
838:
827:
824:
822:
819:
817:
814:
813:
811:
802:
799:
797:
794:
793:
789:
774:
770:
763:
761:
759:
755:
743:
739:
732:
729:
717:. SourceMedia
716:
712:
705:
702:
697:
693:
687:
684:
672:
668:
661:
659:
655:
640:
633:
630:
625:
624:www.sifma.org
621:
615:
612:
600:on 2011-07-16
599:
595:
589:
586:
574:on 2011-07-16
573:
569:
563:
560:
548:
544:
537:
534:
521:
517:
511:
508:
495:
491:
487:
480:
477:
465:on 2011-07-16
464:
460:
454:
451:
446:
440:
437:
433:
428:
425:
421:
416:
413:
408:
402:
399:
394:
390:
384:
381:
376:
372:
365:
363:
359:
354:
353:www.sifma.org
350:
344:
341:
329:
325:
317:
314:
301:
294:
291:
285:
283:
281:
280:Mary Jo White
275:
271:
269:
268:
261:
254:
252:
248:
241:
239:
236:
231:
229:
228:Goldman Sachs
225:
221:
216:
212:
210:
206:
202:
198:
191:
189:
187:
179:
177:
173:
166:
161:
159:
155:
154:
150:
149:New York City
146:
142:
138:
134:
130:
127:representing
126:
122:
118:
108:
100:
96:
93:$ 175,893,100
92:
85:
81:
75:
72:
68:
65:
61:
58:
54:
51:
47:
33:
29:
25:
20:
776:. Retrieved
772:
745:. Retrieved
741:
731:
719:. Retrieved
714:
704:
695:
686:
674:. Retrieved
670:
645:. Retrieved
632:
623:
614:
602:. Retrieved
598:the original
588:
576:. Retrieved
572:the original
562:
550:. Retrieved
546:
536:
524:. Retrieved
520:the original
510:
498:. Retrieved
494:the original
489:
479:
467:. Retrieved
463:the original
453:
439:
427:
415:
401:
383:
375:Investopedia
374:
352:
343:
331:. Retrieved
327:
316:
304:. Retrieved
293:
276:
272:
265:
262:
258:
249:
245:
232:
217:
213:
195:
183:
174:
170:
167:US operation
156:
120:
116:
114:
604:October 18,
578:October 18,
393:OpenSecrets
306:November 3,
53:Trade group
810:Categories
721:January 8,
696:SmartBrief
676:August 26,
552:October 4,
333:October 4,
286:References
129:securities
41:2006-11-01
778:March 31,
747:March 31,
267:USA Today
87:Expenses
647:March 1,
500:June 27,
469:June 28,
255:Finances
184:SIFMA's
143:and the
526:June 2,
222:of the
172:globe.
131:firms,
98:Website
39: (
31:Founded
135:, and
105:.sifma
89:(2015)
63:Method
55:&
642:(PDF)
133:banks
121:SIFMA
780:2014
749:2014
723:2011
678:2009
649:2009
606:2010
580:2010
554:2008
528:2010
502:2009
471:2009
335:2008
308:2008
151:and
115:The
107:.org
49:Type
235:CEO
103:www
812::
771:.
757:^
740:.
713:.
694:.
669:.
657:^
622:.
545:.
488:.
391:.
373:.
361:^
351:.
326:.
211:.
69:,
782:.
751:.
725:.
680:.
651:.
626:.
608:.
582:.
556:.
530:.
504:.
473:.
447:.
409:.
395:.
377:.
355:.
337:.
320:*
310:.
119:(
43:)
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
