WASHINGTON — Timothy Ryan is stepping down as president and chief executive of the Securities Industry and Financial Markets Association next month, the trade association said Tuesday.
Ryan, a former director of the Office of Thrift Supervision and JPMorgan Chase (JPM) executive, joined SIFMA in 2008. He will now be returning to JPMorgan as global head of regulatory strategy and policy, and his last day with the trade group will be Feb. 23.
"I'm looking forward to coming back to JPMorgan," Ryan said in a press release Tuesday. "I've had a great experience at SIFMA and am fortunate to have worked with as many terrific people as I did. As Dodd Frank, Basel, EU, FSB and housing policies continue to evolve, I believe my experience can help the businesses across JPMorgan Chase continue to adapt and thrive."
The trade group's executive committee voted Monday to appoint former Rep. Ken Bentsen as acting president and chief executive when Ryan departs, while it seeks a permanent replacement. Bentsen serves as SIFMA's executive vice president for public policy and advocacy. The Texas Democrat also served in the House from 1995 to 2003, where he sat on the House Financial Services Committee.