Washington, D.C., February 18, 2025 – SIFMA today released the following statement from Kenneth E. Bentsen, Jr., SIFMA president and CEO, on the confirmation of U.S. Commerce Secretary Howard Lutnick:

“We congratulate Mr. Lutnick, who has long led a SIFMA member firm, on his confirmation as Commerce Secretary. SIFMA and our members look forward to working with the Secretary to ensure our nation’s capital markets remain robust and resilient and play their part in fueling economic growth and job creation.”

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SIFMA is the leading trade association for broker-dealers, investment banks and asset managers operating in the U.S. and global capital markets. On behalf of our industry’s nearly 1 million employees, we advocate for legislation, regulation and business policy, affecting retail and institutional investors, equity and fixed income markets and related products and services. We serve as an industry coordinating body to promote fair and orderly markets, informed regulatory compliance, and efficient market operations and resiliency. We also provide a forum for industry policy and professional development. SIFMA, with offices in New York and Washington, D.C., is the U.S. regional member of the Global Financial Markets Association (GFMA). For more information, visit http://www.sifma.org.