The Securities Industry and Financial Markets Association announced that it has appointed Timothy Ryan, Jr. as its new chief executive officer.

Ryan, who was vice chairman of investment banking for financial institutions and governments at JP Morgan, replaces Marc Lackritz who retired December 31, 2007. Beginning in early February, he will be headquartered in SIFMA’s New York office. He will spend the remainder of January visiting with regional members and other major constituents.

“I’m flattered and excited to be selected to run an organization as important and respected as SIFMA,” said Ryan. “This is a critical time for our industry. Markets are highly volatile, financial innovations are creating new products at a faster pace than we’ve ever seen, and global regulation is updating constantly. Amid this, it’s never been more important for the industry to work together to continue creating economic growth and stronger, trusted markets.”

“SIFMA will continue to play an essential role as the industry’s single powerful voice,” he added. “I look forward to working with the
Board and SIFMA’s senior management to drive their goals of ensuring the public’s trust in the securities industry and financial markets; promoting effective, efficient regulation; facilitating more open and competitive global capital markets, as well as championing investor education and retirement savings.”

Prior to joining JP Morgan in 1993, Ryan was the Director of the Office of Thrift Supervision at the US Department of the Treasury. From 1983 to 1990, he was a partner with the law firm Reed, Smith, Shaw & McClay, where he headed the pension investment group and was a member of the firm’s executive committee. From 1981 to 1983, he was Solicitor of Labor at the U.S. Department of Labor.

Ryan is a graduate of Villanova University and American University Law School. He is also a director of the US Japan Foundation, the International Foundation for Election Systems, and the Mortgage Roundtable. He is a private sector member of the Global Markets Advisory Committee for the National Intelligence Council.