You are here:HomeNews CenterInsurance News2013Former Sen. Judd Gregg Named CEO of Wall Street Association

Former Sen. Judd Gregg Named CEO of Wall Street Association

Former Sen. Judd Gregg (R-N.H.) has been named CEO of the Securities Industry and Financial Markets Association (SIFMA)...
May 22, 2013

Former Sen. Judd Gregg (R-N.H.) has been named CEO of the Securities Industry and Financial Markets Association (SIFMA). Gregg, a prominent fiscal hawk, served three terms in the Senate, four terms in the House and two terms as New Hampshire governor. Since leaving Capitol Hill, he’s kept a high profile as co-chairman of Campaign to Fix the Debt, which has led the push for a “grand bargain” to reduce the deficit.

One of Gregg’s priorities will be trying to sell Main Street on the value of Wall Street. “I suspect what I’m going to be doing is what we have talked about, which is reorient ourselves on the issue of how you communicate the importance of this industry to people on Main Street America and their jobs,” he said. Gregg was one of the leading supporters in the Senate of the Troubled Asset Relief Program (TARP) — the Wall Street bailout that Washington crafted to save the financial sector during the 2008 economic crisis. He defended the bailout as a necessary intervention that worked.

The top job at SIFMA comes with a hefty payday. The group’s last leader, Tim Ryan, earned $2.9 million in compensation in 2010, according to the group’s tax form for that year. In another personnel move, SIFMA named former Rep. Ken Bentsen (D-Texas) as president. Bentsen was serving as the financial services trade group’s acting president and CEO, and had been considered a leading candidate for the top job.

Filed under: