The Securities Industry and Financial Markets Association (SIFMA) today announced that Richard Dorfman has been appointed managing director and head of the SIFMA Securitization Group (SSG).
Dorfman joins SIFMA from the Federal Home Loan Bank of Atlanta, where he was president and CEO.
Dorfman led the Federal Home Loan Bank of Atlanta, which is the second largest Federal Home Loan Bank, starting in June 2007.
Before that role, he was a managing director and the head of the U.S. agencies and mortgages business at ABN AMRO. He also worked in Lehman Brothers mortgage division as a managing director and head of originations, U.S. government and agency business. Early in his career, Mr. Dorfman was employed as an attorney with the FDIC, and held positions at mortgage banking and mortgage securities firms.
“We are very pleased to have Richard join SIFMA,” said Tim Ryan, SIFMA president and CEO. “With this addition, SIFMA is even better positioned to address the securitization issues that are currently the focus of regulators and policymakers in Washington and to offer insights into those issues which will help provide for necessary reforms yet preserve the ability of financial markets to remain liquid and drive capital formation.”
The SSG represents the largest originators of consumer and credit loans. Its members also include the most significant investors in securitized products, as well as intermediaries and liquidity providers. The group provides a cohesive, integrated and effective advocacy platform for its members, while also undertaking efforts to address market issues and promote the restoration of a well functioning securitization market.
“Richard is an excellent addition to the SSG,” said Randy Snook, executive vice president at SIFMA. “His experience, knowledge and leadership reflect the serious investment and commitment we have in this part of our business. As both a leader and a very experienced subject matter expert, Richard is a great asset to our securitization group.”
“I am excited by this opportunity and delighted to join SIFMA at such a crucial time for our industry,” said Dorfman. “Securitization is instrumental in the provision of consumer credit, economic activity and job creation, and it is critical that the market recover. I look forward to working with our members on essential initiatives related to regulatory reform, the future of the GSEs, and to providing the input the SEC requested on its recent rule proposal related to asset-backed securities.”