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GFMA SMARTBRIEF

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GFMA’s Senior Management executes the association’s priorities in coordination with the leadership of AFME, ASIFMA and SIFMA.

Kenneth E. Bentsen, Jr.

SIFMA

Kenneth E. Bentsen, Jr. was appointed chief executive officer of GFMA in November 2018. Mr. Bentsen is also President and CEO of SIFMA, and is Chairman of Engage China, a coalition of 12 U.S. financial services trade associations united in support of high-level engagement with China. Previously, Mr. Bentsen served as President, and earlier as the Executive Vice President of Public Policy and Advocacy for SIFMA, responsible for SIFMA’s legal, regulatory, and legislative affairs and advocacy initiatives. 

Prior to joining SIFMA, Mr. Bentsen was president of the Equipment Leasing and Finance Association (ELFA), where he led the 700-member financial services trade association representing commercial and investment banks, financial services companies and manufacturers in the commercial finance sector. From 2003 to 2006, Mr. Bentsen was a Managing Director at Public Strategies, Inc. where he was a strategic and management consultant principally to the firm’s financial services clients. 

From 1995 to 2003, Mr. Bentsen served as a Member of the United States House of Representatives from Texas, where he sat on the House Financial Services Committee (and its predecessor House Banking and Financial Services Committee), and separately on the House Budget Committee. Mr. Bentsen was an active participant in the drafting and enactment of the Sarbanes-Oxley Act, the Gramm-Leach-Bliley Act, the Terrorism Risk Insurance Act and the Commodities Futures Modernization Act. During his tenure in the Congress, he played an active role in legislation and oversight of regulations affecting bank and thrift charters, federal deposit insurance, securities law, derivatives, and the federal government sponsored enterprises (Fannie Mae, Freddie Mac, and the FHLB system). Mr. Bentsen was also instrumental in the passage of the landmark Balanced Budget Act of 1997, particularly with respect to health care policy. 

Prior to his service in Congress, Mr. Bentsen was an investment banker at George K. Baum & Co. and previously Drexel Burnham Lambert, Inc., where he specialized in municipal and mortgage finance. 

Mr. Bentsen is a Trustee of the Hirshhorn Museum and Sculpture Garden of the Smithsonian Institution, the Bryce Harlow Foundation and the Center for Congressional and Political Studies at the American University. He also serves on the boards of the United States Capitol Historical Society and the Committee on Capital Markets Regulation. 

Mr. Bentsen has a B.A. from the University of St. Thomas and an M.P.A. from American University.

Allison Parent

Allison Parent is the Executive Director for the Global Financial Markets Association (GFMA). She oversees the development and execution of GFMA’s priorities, helping to provide a collective voice on behalf of global financial institutions to support global capital markets and broader economic growth.

Prior to joining GFMA June 2017, Allison was the Head of Global Regulatory Policy at Barclays. In this role, she led on the bank’s advocacy, impact analysis and execution around post-crisis regulatory law changes, such as the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act), Markets in Financial Instruments Directive (MiFID II) and Basel capital and liquidity reforms. Allison has regularly appeared before, and advised, finance ministers, securities authorities, central bank governors, lawmakers in Asia, US and Europe on the law and supervisory practices governing financial markets. Allison joined Barclays in its Washington DC office before moving to London.

2013 to 2015 Allison was Senior Policy Advisor and Counsel to the Bank of England. She led the Markets Directorate’s policy team on evaluating the impact of regulations on market structure and product offerings. In this role, she supported the efforts on the U.K. Fair and Effective Markets Review, the Bank of England’s response to the Capital Markets Union consultation, participated on Committee for Global Financial System working group, as well as serving as advisor on legal developments in the U.S. impacting global capital markets. Between 2005-2011 Allison served as General Counsel for the U.S. Senate Committee on the Budget responsible for advising on U.S. fiscal matters before Congress. During this period she was also an advisor on securities and banking matters to U.S. Senator Judd Gregg and the Republican caucus during the financial crisis, contributing to the development and passage of the Emergency Economic Stabilization Act (TARP). Allison subsequently drafted and negotiated significant provisions of the Dodd-Frank Act and was budget counsel to The National Commission on Fiscal Responsibility and Reform.

Allison was raised in San Antonio, Texas and Seattle, Washington. She holds a Juris Doctorate from the South Texas College of Law and Bachelor of Business Administration from the McCombs School of Business, University of Texas. She is licensed to practice law in the state of Texas. She has lived and worked, or studied, in Washington D.C., London, Texas, and Florence, Italy.