Structured Finance Industry Group — a trade advocacy group formed after Wall Street banks broke ties from an existing group — announced it is working with Information Management Network told hold its first annual conference in Las Vegas.
The conference will be held Jan. 22 through 24, a week before the American Securitization Forum holds its annual conference in Las Vegas.
“I believe it is a testament to the active participation of all our members that we were able to announce this event within just 30 days of forming, and I want to thank them for all of their hard work,” said Reggie Imamura, chairman of the board of SFIG.
He added, “I am confident we will create an event that offers all our members meaningful educations opportunities, important insight into our legislative efforts and an open, transparent venue to discuss the full range of member views on the industry.”
Banking giants Bank of America (BAC), Citigroup (C) and Wells Fargo (WFC) are among 21 companies that formed SFIG in March, after members defected from ASF.
The ASF was thrown into turmoil last month after most of its board members quit because of their dispute with its executive director, Tom Deutsch, over governance and bonuses.
The ASF was founded in 2002 as part of the Securities Industry and Financial Markets Association.
In 2010, the securitization advocacy group parted administrative ways with the global trade body SIFMA.
