The Structured Finance Industry Group Inc. has selected Michael Bright to serve as president and CEO.
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 assume his new position on January 21 and report to the trade group’s board. SFIG is a member-based trade industry group that works to improve and strengthen the broader structured finance and securitization markets.
Bright has extensive experience as a 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.
Also, he has experience as a policymaking from his time on the staff of Senator Bob Corker, R-Tenn., 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, where he led the institute's housing program. He was 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,” said Bright. “I am honored to join the SFIG team and see tremendous opportunity to build on this group's success as the voice of securitization. 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, 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."
