The Securities Industry and Financial Markets Association (SIFMA) today announced that it has appointed Marc E. Lackritz as its sole Chief Executive Officer. Micah S. Green, who has served SIFMA and its predecessor organization, The Bond Market Association (BMA) in leadership roles for two decades, has resigned effective mid-April and will refocus his professional activities in the Washington, DC area. Mr. Lackritz and Mr. Green have served as Co-CEOs of SIFMA since it was formed in the November 2006 merger of the Securities Industry Association (SIA) and BMA.
Ed Forst and Ellyn McColgan, Co-Chairmen of SIFMA, stated: “The Board has concluded that a single CEO structure is necessary to accelerate the post-merger integration process. With one CEO, SIFMA will increase efficiency, speed decision-making and establish a clear chain of command with unambiguous responsibility for policies and procedures. Marc Lackritz’s broad and deep experience makes him ideally suited to lead SIFMA and effectively represent the diverse interests of all member firms. On behalf of the Board, we wish Micah Green all the best in his future endeavors.”
Marc Lackritz said, “I look forward to leading this dynamic new organization as we create a single integrated entity and work to address the many important issues that affect the securities industry, the markets and the investing public.”
Prior to the merger of the SIA and BMA, Lackritz had served as president of the Securities Industry Association since 1992. He was executive vice president and head of the Washington office of SIA from 1990 to 1992. Prior to joining SIA, he was executive vice president and head of the Washington office of the Public Securities Association, which later became the BMA. He was staff director and chief counsel for the Subcommittee on Telecommunications and Finance of the House Energy and Commerce Committee from 1984 to 1987. From 1974 to 1977, he was deputy chief counsel to the Senate Budget Committee, and in 1973-74 was an assistant counsel to the Senate Watergate Committee. Lackritz received his law degree from Harvard University, a master’s degree in economics while on a Rhodes scholarship at Oxford University, and a bachelor’s degree in public policy from Princeton University.
