Sean P Griffin has joined the Loan Syndications and Trading Association (LSTA) as executive director of the trade association for the corporate loan market, after a career working directly in structured finance.
Griffin started at the LSTA on April 1, according to a statement from the group. He takes the helm at the organization after a particularly busy period when it lent insights through major issues like the transition away from Libor as the go-to benchmark for most floating-rate loans, and a recent lawsuit attempting to characterize the term loans syndicated to institutional investors as securities.
Before that, Griffin was a managing director at J.P.Morgan Securities, where he ran the global primary collateralized loan obligation (CLO) business. His group originated, structured and distributed CLO transactions for issuer clients. It appears he spent almost his entire investment career banking at J.P.Morgan Securities, where he was for 22 years, according to the Financial Industry Regulatory Authority's BrokerCheck.
Griffin succeeds Lee M. Shaiman, 68, who will retire after serving as a senior advisor to the organization, the LSTA said.
"Or mission is essential to the industry—to promote and advocate for a fair, orderly and growing corporate loan market that remains an engine for economic growth," according to a statement from Griffin.
