11 December 2017
visit www.solutions.lexisnexis.com

Member firms greenlight SIA and BMA merger

27 July 2006  |  2003 views  |  0 Source: Securities Industry Association and The Bond Market Association

The Securities Industry Association and The Bond Market Association today announced that their respective member firms have voted to merge the two organizations to create the Securities Industry and Financial Markets Association, or SIFMA.

The vote was overwhelmingly in favor of forming the new organization, which will be a single, powerful voice on legislative, regulatory and market practice issues. The member vote followed approval by the Associations' boards in June. We expect the merger to be completed mid-fourth quarter.

SIFMA will be comprised of three business groups, the Capital Markets Group, the Private Client Group and the Asset Management Group.

A transitional executive committee, co-chaired by Edward C. Forst of Goldman Sachs and James Gorman of Morgan Stanley (current Chairs of BMA and SIA respectively), will serve as the initial governing body for SIFMA through the end of 2006. This committee will nominate a board of directors, the members of which will be announced at SIFMA's kick-off meeting in Boca Raton, Florida, November 8 through 10. The new board of directors will have specific representation from large global firms, middle market and smaller U.S. companies, non-U.S. firms and asset managers to ensure the Association fully represents all of its members. In addition to the board of directors, there will be a U.S. Regional Board, European Board and Asian Board designed to address specific constituents' objectives.

During this transitional period and while a search for a permanent CEO is completed, BMA President and CEO Micah Green and SIA President Marc Lackritz will serve as the co-CEOs of SIFMA.

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.aciworldwide.comvisit http://info.nice.comvisit www.solutions.lexisnexis.com

Who is commenting?

Top topics

Most viewed Most shared
Revolut lets customers buy Bitcoin, Litecoin and EthereumRevolut lets customers buy Bitcoin, Liteco...
18530 views comments | 26 tweets | 22 linkedin
Saxo Bank's 'Outrageous Prediction': Bitcoin to peak at $60k next year before spectacular crashSaxo Bank's 'Outrageous Prediction': Bitco...
11428 views comments | 7 tweets | 7 linkedin
Deutsche Bank paper hails 'huge' blockchain potentialDeutsche Bank paper hails 'huge' blockchai...
7870 views comments | 15 tweets | 21 linkedin
Santander UK poaches Barclays innovation chief Michael HarteSantander UK poaches Barclays innovation c...
6661 views comments | 8 tweets | 17 linkedin
Alior Bank to use Open API platform and accelerator to create fintech marketplaceAlior Bank to use Open API platform and ac...
6095 views comments | 19 tweets | 10 linkedin

Featured job

Competitive package
New York City, NY - USA

Find your next job