The Securities Industry and Financial Markets Association has announced its latest round of directors, and the appointment of a couple of officers.

SIFMA member-firms elect the board of directors, from which the chairman and other officers are elected at a board meeting during the association’s annual meeting, which concludes today in Boca Raton, Fl.

The board elected Blythe Masters as the trade association’s chairman for 2008. Masters is global head of currencies and commodities for J.P. Morgan Chase & Co.

Masters succeeds Edward Forst, global co-head of Goldman Sachs International’s Investment Management Division.

Douglas Edwards, president and CEO of Morgan Keegan & Company, Inc., will serve as chairman-elect. Bernard Beal, CEO of M.R. Beal & Company, and Michael Ryan, head of institutional securities at Credit Suisse, will serve as vice-chairs, and John Gidman, executive vice president and director of Loomis, Sayles & Company, L.P., will serve as treasurer.