WASHINGTON, Jan. 10, 2019 /PRNewswire/ -- The Structured Finance Industry Group, Inc. ("SFIG"), a member-based trade industry group focused on improving and strengthening the broader structured finance and securitization markets, today announced that it has named Michael Bright as President and CEO, effective January 21, 2019. Mr. Bright will lead SFIG's education, policy and advocacy initiatives, helping to achieve the group's goal of building the broadest possible consensus among members across the industry, and reinforcing the understanding that securitization is an essential source of core funding for the real economy. He will report to SFIG's Board of Directors.
Mr. Bright has extensive hands-on experience as a policymaker, practitioner and leader across all aspects of the securities industries. He joins SFIG from Ginnie Mae, where he was Executive Vice President and Chief Operating Officer, managing all operations for Ginnie Mae's $2.0 trillion portfolio of mortgage-backed securities. He brings a track record of policymaking achievement from his time on the staff of U.S. Senator Bob Corker and the Senate Banking Committee. Prior to joining Ginnie Mae in 2017, Mr. Bright was a director at the Milken Institute's Center for Financial Markets, where he led the institute's housing program. He was previously a member of BlackRock's financial advisory unit.
"The securitization industry plays a fundamental role in our economy and it is vital that policymakers and the industry work constructively together as the market continues to evolve. I am honored to join the SFIG team and see tremendous opportunity to build on this group's success as the voice of securitization," said Mr. Bright. "I look forward to working with all of our members to represent the diverse views of this critical field and continuing to provide meaningful education, advocacy and connection for our members across all aspects of securitization."
"On behalf of the SFIG Board of Directors, I am very pleased to welcome Michael to SFIG. His hands-on leadership experience in the financial markets and expertise with legislative and policy initiatives will be a significant asset for our members," said Howard Kaplan, Chair of SFIG's Board of Directors. "SFIG has established itself as an important industry voice thanks to the hard work, commitment and dedication of our member organizations, Operating Committee and staff, and Michael's proven ability to deliver results both in the public and private sectors make him a natural fit to lead SFIG in continuing that momentum."
"We are thrilled to welcome to SFIG such a highly regarded industry veteran and are fully supportive of the Board's decision," said Covell Adams, Sairah Burki, Dan Goodwin, Kristi Leo and Leslie Sack, SFIG's Operating Committee. "Michael's track record of policymaking along with his notable operating experience make him uniquely suited to lead SFIG into its next chapter."
About Structured Finance Industry Group, Inc.
SFIG is a member-based, trade industry group focused on improving and strengthening the broader structured finance and securitization markets. SFIG provides an inclusive network for securitization professionals to collaborate and, as industry leaders, drive necessary changes, advocate for the securitization community, share best practices and innovative thinking, and educate industry members through conferences and other programs. Members of SFIG represent all sectors of the securitization markets including issuers, investors, financial intermediaries, law firms, accounting firms, technology firms, rating agencies, servicers, and trustees. Further information can be found at www.sfindustry.org
SOURCE Structured Finance Industry Group, Inc.