WASHINGTON -- Former public securities industry lobbyist Marc Lackritz was recently elected president of the Securities Industry Association at the group's annual convention in Boca Raton, Fla.

Lackritz, who assumed his new duties Dec. 4, is the first SIA president with a background primarily in government and trade associations. Before assuming the position, he was executive vice president of SIA and head of the group's Washington office since 1990. Previously, he was executive vice president for the Public Securities Association in Washington for three years.

Expected to be based in SIA's Washington office, Lackritz has extensive experience on Capitol Hill. He has held such posts as staff director and chief counsel on the House Energy and Commerce Committee's subcommittee on telecommunications and finance from 1984 to 1987.

He was deputy chief counsel to the Senate Budget Committee from 1974 to 1977, and in 1973 and 1974 he was assistant counsel to the Senate Watergate Committee. He earned a doctorate in 1973 from Harvard University, a master's degree in economics in 1971 while on a Rhodes scholarship at Oxford University in England, and a bachelor of arts degree in 1968 from Princeton University.

He succeeds Edward O'Brien, who in May announced his retirement after 18 years at the post.

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