Daily News: January 11, 2019

Structured Finance Industry Group Names Bright President/CEO

The Structured Finance Industry Group (SFIG), a member-based trade industry group focused on the broader structured finance and securitization markets, named Michael Bright president and CEO, effective January 21, 2019.

Bright will report to SFIG’s board of directors and lead SFIG’s education, policy and advocacy initiatives.

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 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, Bright was a director at the Milken Institute’s Center for Financial Markets and 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 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. “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.”

The Structured Finance Industry Group is a trade industry group focused on improving and strengthening the broader structured finance and securitization markets. It provides an inclusive network for securitization professionals to collaborate, advocate for the securitization community, share best practices and educate industry.