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Deals & People January 8, 2013
SIFMA President, CEO Returns to JPM
T. Timothy
Ryan Jr., Securities Industry and Financial Markets Association (SIFMA) president
and chief executive, has submitted his resignation.
Reported by Jill Cornfield
Ryan will re-join JPMorgan Chase and Co. as global head of regulatory strategy and policy. He will report to Matt Zames, co-chief operating officer for JPMorgan Chase.
Ryan has headed SIFMA since April 2008. He will be succeeded by Kenneth E. Bentsen Jr., executive vice president, public policy and advocacy at SIFMA, as acting president and CEO of the organization.
Before joining SIFMA, Ryan was vice chairman of investment banking for financial institutions and governments at JPMorgan. Before coming to JPMorgan in 1993, Ryan was the director of the Office of Thrift Supervision (OTS) in the Treasury Department. As OTS director, he was the banking and securities regulator for the nation’s approximately 2,000 thrifts. He was also a principal manager of the Savings & Loan cleanup, which involved closing approximately 700 insolvent institutions, improving capital bases and selling more than $300 billion of assets.
From 1983 to 1990, Ryan was a partner in the Washington, D.C., office of the law firm Reed, Smith, Shaw & McClay, where he headed the Pension Investment Group. From 1981 to 1983, he was solicitor of labor at the Department of Labor.