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/FIRST AND FINAL ADD -- NY100 -- SECURITIES INDUSTRY ASSOCIATION/

 /FIRST AND FINAL ADD -- NY100 -- SECURITIES INDUSTRY ASSOCIATION/
 Mr. Lackritz, 46, has been executive vice president and head of the Washington office since joining the trade association in 1990.
 As head of the Washington office, he served as SIA's chief lobbyist, and reported to the chairman and president.
 The president, a full-time post, serves as the chief administrative officer of the association, and has responsibility for the association's daily operations, including supervision of all officers and staff. The chairman, who comes from the industry, serves a one-year term as SIA's chief executive officer, while simultaneously maintaining his securities firm responsibilities.
 "We selected Mr. Lackritz after a nearly six-month nationwide search and interviews of about two dozen candidates from the securities industry, Congress, other associations and SIA senior officers," said Thomas A. James, SIA chairman and chairman of the selection committee.
 "The high caliber of all the candidates interviewed made the choice exceptionally difficult. Mr. Lackritz was chosen because he had the attributes which most directly fit the selection committee's outline developed at the first meeting," Mr. James said.
 Lackritz Previously Served in Association,
 Government Posts
 Prior to joining SIA, Mr. Lackritz was executive vice president and head of the Washington office of the Public Securities Association from March 1987.
 Previously, he had extensive experience on Capitol Hill. He was staff director and chief counsel on the subcommittee on telecommunications and finance of the House Energy and Commerce Committee from 1984 to 1987.
 From 1974 to 1977, he was deputy chief counsel to the U.S. Senate Budget Committee; and in 1973 and 1974 was an assistant counsel to the Senate Watergate Committee.
 Mr. Lackritz also was a partner of the former Washington-based law firm Wald, Harkrader and Ross between government assignments.
 He earned a juris doctor degree in 1973 from Harvard University, Cambridge, Mass.; a masters degree in economics in 1971 while on a Rhodes Scholarship at Oxford University, Oxford, England; and a bachelor of arts degree in 1968 from Princeton University, Princeton, N.J.
 O'Brien to Continue Closely Involved in Industry
 Mr. O'Brien, 64, plans to remain closely involved with the financial services industry by "serving on corporate boards and other capacities within the industry," he said.
 He joined SIA in 1974, two years after its founding as the result of a merger between the Association of Stock Exchange Firms and the Investment Bankers Association of America.
 Prior to joining SIA, Mr. O'Brien for 19 years was with Bache & Co., now Prudential Securities Inc., in a variety of posts, including chairman of the executive committee, executive vice president, and a director.
 Presidential e?ction Committee Members
 The presidential selection committee is composed of Mr. James, SIA 1992 chairman, and chairman, Raymond James Financial, Inc., St. Petersburg, Fla.; Thomas M. O'Donnell, SIA chairman-elect, and chairman and chief executive officer of McDonald & Company Securities Inc., Cleveland, Ohio; Gedale B. Horowitz, 1991 SIA chairman, and senior executive director, Salomon Brothers Inc, New York; Robert N. Downey, 1990 SIA chairman, and limited partner, Goldman Sachs & Co., New York; Hardwick Simmons, 1989 SIA chairman, and president and chief executive officer, Prudential Securities Inc., New York; John W. Bachmann, 1987 and 1988 SIA chairman, and managing principal, Edward D. Jones & Co., St. Louis, Mo.; and Mr. O'Brien.
 SIA is the securities industry's trade association, representing the business interests of more than 600 securities brokerage and investment banking firms in the United States and Canada. Collectively, they account for more than 90 percent of securities activity in North America.
 -0- 10/26/92 AA NY100
 /END FIRST AND FINAL ADD/ CO: Securities Industry Association ST: New York IN: FIN SU: PER


GK-OS -- NY100A -- 5021 10/26/92 16:29 EST
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