The Securities Industry and Financial Markets Association hired T. Timothy Ryan Jr., a JPMorgan Chase & Co. executive, as its chief executive officer.
Mr. Ryan, 62, was the director of the Office of Thrift Supervision in the first Bush administration.
On Wednesday he identified the mortgage crisis, the question of what a stimulus package should be, and the role of central banks as issues facing the trade group.
Though he acknowledged the financial services industry is facing "adversity," Mr. Ryan said his time at the OTS turned him into an optimist. "The No. 1 takeaway from that time period was whatever is happening, it will pass," he said. "I am much more confident of the future, even when you're in the middle of warfare."
Mr. Ryan is the vice chairman of investment banking for financial institutions and governments at JPMorgan Chase. He will start his new job early next month and be based in the trade group's New York office.
