The Structured Finance Industry Group named Richard Johns as executive director of the advocacy trade group.

Johns will assume responsibility of leading the organization effective immediately. He will report to SFIG's Board of Directors, currently chaired by Reggie Imamura.

"We are very pleased to welcome Richard to SFIG.  His first-hand, leadership experience in the securitization industry, deep expertise with legislative efforts and proven ability to deliver results will be a significant asset for our members," Imamura said.

He added, "In just over a month, SFIG has made great strides to establish itself as an important industry voice thanks to the hard work and dedication of our membership and we look forward to continuing that momentum with Richard."  

Johns brings more than 16 years of experience in the securitization market. He joins the group from Ally Financial (GKM), where he served as managing director of global funding and liquidity.

Prior to joining Ally in 2010, Johns worked at Capital One Financial (COF) as the head of global capital markets and MBNA, now Bank of America (BAC), in the corporate finance sector. 

In addition to Johns' appointment, SFIG also announced that the 18 person interim SFIG Board of Directors has begun the selection process for a formal board. 

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He added, "As the group has stated, it is critically important we represent the entire structured finance industry and actively encompass a diversity of membership perspectives in all advocacy efforts."