The board of directors of the Securities Industry and Financial Markets Association (SIFMA) elected Blythe Masters as the trade association's chairman for 2009. 

Masters is head of global commodities for JPMorgan Chase. Meanwhile, G. Douglas Edwards of Morgan Keegan & Co. was appointed chair-elect, and Bernard Beal, CEO of M.R. Beal & Co. will serve as vice-chair.

"We warmly welcome SIFMA's new leadership, said SIFMA's CEO and president, Tim Ryan.  By agreeing to serve as chairman in 2009, Blythe Masters will provide much needed consistency during turbulent times.”

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