Prominent People

NYSE Euronext announced several high- Francq graduated from Ecole Polytechnique the agency from the law firm of Cleary level changes to management at its European and the Paris Graduate School of Economics, Gottlieb Steen & Hamilton, where he was a derivatives subsidiary, NYSE Liffe. Effective Statistics and Finance. partner in the firm’s Washington, D.C. office. May 1, Garry Jones , currently executive Schapiro also moved to strengthen confi - director of business development and strategy, The Financial Services Authority named dence in the SEC’s enforcement capacities, will assume Hugh Freedberg’s role as group Mark Norris as its chief operating officer. appointing Robert Khuzami , a former federal executive vice president and head of global Norris most recently was COO at Credit prosecutor, to lead the enforcement division. derivatives, and Freedberg will succeed Andre Suisse’s U.K. private banking business. The Khuzami replaced Linda Chatman Thomsen , Villeneuve as chairman of NYSE Liffe. NYSE U.K. regulator also announced that it re- who had headed enforcement since May 2005. Euronext also appointed Mark Ibbotson , pre - appointed Tim Herrington as chairman of its Khuzami served as a federal prosecutor for 11 viously NYSE Liffe’s executive director and regulatory decisions committee. Herrington years with the U.S. Attorney’s Office for the head of market operations, as chief operating was first appointed as the committee chairman Southern District of New York. During that officer of the London-based business unit. in 2005 following a career of nearly 30 years at time he prosecuted numerous case of securities the law firm of Clifford Chance. fraud. Since 2004 he has worked at Deutsche The appointed Bank as general counsel for the Americas. Xavier Rolet as chief executive. Between 2000 Federal Reserve Governor Randall In other SEC news, Robert Colby , another and 2008, Rolet was a senior executive at Kroszner resigned on Jan. 21. Kroszner, who long-standing official, stepped down from his , most recently serving as had been a member of the Fed board since post as deputy director of the trading and mar - chief executive officer of Lehman’s operations March 2006, will return to the Booth School kets division. He joined the Washington office in France. He joined the exchange in March of Business at the University of Chicago to of the law firm of Davis Polk & Wardwell. and will take over from the current chief resume teaching. He was succeeded by Daniel Colby joined the SEC in 1981 and helped lead executive, Clara Furse , in May. Furse will Tarullo , a Georgetown University professor the development and implementation of remain on the exchange’s board of directors and former Clinton Administration eco - investor protection policies as well as rules gov - until July. nomic adviser. erning broker-dealers and securities markets. James Kroeker was named acting chief Thierry Francq has been appointed secre - The Securities and Exchange Commission, accountant at the SEC. Prior to joining the tary general of the Autorité des Marchés now under the leadership of Mary Schapiro , has agency in 2007, Kroeker was a partner in Financiers. He previously was assistant secre - announced several high-level appointments. Deloitte and Touche’s national office account - tary in charge of the financial sector at the The SEC announced that David Becker ing services group. Shelley Parratt was named Treasury and Economic Policy Directorate will come back to the agency as general coun - acting director of the SEC’s division of corpo - General, part of the Ministry for the Economy, sel and senior policy director. Becker previ - ration finance, replacing John White , who left Finance and Industry. From June 2002 until ously served as the agency’s general counsel the SEC in December to return to private May 2004 he was deputy director of the from January 2000 to May 2002 under former practice. Parratt has served as deputy director French Government Shareholding Agency. SEC chairman Arthur Levitt . Becker rejoined of the division since 2003. Peter Kiernan , deputy director of legislative and intergovernmental affairs at the SEC, retired after 40 years of service at the agency. In Memoriam Susan Markel , chief accountant for the SEC’s The FIA was saddened to hear of the tragic death of Peter Kollock , a professor in the enforcement division, left the agency to department of sociology at UCLA. Kollock was known for his expertise in the study of social become a managing director in the corporate behavior in the marketplace and he was a pioneer in the development of electronic trading investigations practice of AlixPartners, a with an emphasis toward capturing the social aspect of open outcry pit trading. Kollock was global business advisory firm. well-received and provided lively discussions as a speaker at FIA events. He wrote many Two futures industry veterans have joined well-known research reports and was highly respected for his understanding of markets and the SEC’s Chicago office. Barbara Lorenzen trading behavior. was named associate regional director for examinations at the Chicago office. Prior to The FIA was also saddened to hear of the death of John Mancuso , who passed away on joining the SEC, Lorenzen worked for 28 years Feb. 24 after a long battle with cancer. For the past 15 years John was at Bear Stearns where with the Chicago Board of Trade, most he was Managing Director running the firm’s North American futures operations. Prior to recently heading up its audit department. that he was at Phibro. John was a member of FIA’s Futures Services Division. Separately John Brodersen , who was associate

48 Futures Industry director of compliance at the National Futures Association, has also taken a position in the FIA News SEC’s Chicago office. The FIA appointed Diane White , a former controller at Freddie Mac, as senior vice presi - dent and chief financial officer. For the past three years, White has been running a consult - Simon Healy , chief executive officer of ing and accounting services business for a wide range of clients. European operations at MF Global, has resigned. On an interim basis, Laurence The Institute for Financial Markets is pleased to announce that Myrtle Major has com - O’Connell , chief executive officer of Asia- pleted 20 years of service with the IFM and its predecessor, the Futures Industry Institute. She Pacific operations, and Karel Harbour , chief was one of the first employees of the FII when it was founded in 1989. As the administrative operating officer, will assume additional manager, she has been responsible for a wide range of administrative, fiscal and inventory responsibilities with respect to the company’s functions that support the foundation's educational work, ethics training, and data services. European operations. In a separate announcement, MF Global FIA Asia expanded its board to nine members from five and elected the following direc - said it had hired several teams of people to tors: Paul Davies , Futures; Nicholas Forgan , J.P. Morgan Securities Singapore; expand its over-the-counter energy brokerage Pierre Gay , Newedge Group (Hong Kong Branch); Foo-Shiung Ho , Yuanta Futures; Damian in Singapore and its equity derivatives team in Kelly , Citigroup Futures; Kesara Manchusree , Thailand Futures Exchange; and Rama Pillai , Hong Kong. The company added two new SGX. The directors elected Forgan as chairman, Gay as treasurer, and Pillai as secretary. In OTC energy broking teams in Singapore, one addition to the directors, John Damgard , president, FIA, and Nick Ronalds , executive director, trading in distillates such as jet fuel, kerosene FIA Asia, are ex-officio members of the FIA Asia board. and gasoil and the other in fuel oil, as well as a team of five equity derivative specialists in The IFM appointed Ryan Hamill as a data analyst, supporting the exchange trading fees Hong Kong. databank and other IFM data products. He previously worked in the middle office, credit derivatives sales support group at J.P. Morgan Chase in New York. Tokyo Commodity Exchange appointed former government official Tadashi Ezaki as special advisor. Ezaki previously served as the firm in 1996 after 18 years at the Securities and as the securities depository function. Foo previ - president of Shoko Chukin Bank, a govern - Exchange Commission, where he held a series ously led the effort behind the introduction of ment-owned bank that provides financing to of successively senior positions before becoming the SGX AsiaClear oil and freight clearing small and medium-sized companies. Before director of the division of market regulation business in May 2006. He also has headed that Ezaki served for many years as a senior and then special advisor to the chairman for other functions at SGX, including product official at the Ministry of International Trade international derivatives. marketing and relationships with securities and and Industry (now Ministry of Economy, derivatives members and their overseas affili - Trade and Industry). During his time at International Derivatives Clearing Group, ates. Elena Sng took over from Foo as acting MITI, he held many senior positions, includ - an independently operated subsidiary of head of AsiaClear and clearing and commodi - ing director-general, agency of natural Nasdaq OMX Group, appointed Laurie Ferber ties business. resources and energy, and director-general, as its general counsel and chief regulatory offi - industrial policy bureau. cer. She was previously a managing director at The London Metal Exchange announced Goldman Sachs, where among other things that Nat le Roux has been appointed as an Brandon Becker , a former head of market she worked on the company’s transition to a independent director on its board. Le Roux, regulation as the Securities and Exchange bank holding company, developed new busi - who was chief executive of IG Group between Commission, has joined TIAA-CREF, an asset nesses such as economic derivatives, and 2002 and 2006, replaced Mike McTighe who management company with $363 billion under headed the derivatives legal group. She is also retired from the board in November. management, as executive vice president and a trustee of the Institute of Financial Markets, chief legal officer. He will lead the company’s a non-profit educational foundation affiliated CME Group promoted Robert Ray to man - legal and compliance, government relations and with the FIA. aging director, international products and serv - internal audit functions. He previously worked ices. He will relocate to CME’s London office at the law firm of WilmerHale, where he was a Singapore Exchange appointed Benjamin and will take chief responsibility for the partner in the firm’s securities department and Foo as head of operations. He is responsible for group’s international business and sales strat - chair of the firm’s broker-dealer compliance and the trading, clearing and settlement operations egy across Europe, the Middle East and Africa, regulation practice group. He joined the law of the securities and derivatives markets as well Asia, and Latin America. He will continue to

March 2009 49 Prominent People continued

report to Rick Redding , managing director, where he was executive director, commodities Previous to that she was editorial director of products and services. Ray, who joined CME and futures compliance. Uffel came from Futures and Options World . when it acquired the Chicago Board of Trade, Nomura Securities International where he was has managed CME Group’s international oper - managing director, U.S. interest rate trading Managed Funds Association added two ations since mid-2008. He also led the com - and deputy head of fixed income. Ogulnick has people to its government relations team, hir - pany’s commodities and equities product lines held officer-level responsibilities at the New ing David Landers from Credit Suisse and as managing director, commodities, equities York Mercantile Exchange, OnExchange and Louis Costantino from Merrill Lynch. They and international. the American Stock Exchange. ELX’s applica - will report to Roger Hollingsworth , MFA’s CME Group named Yue (Nina) Chen as tion to become a designated contract market is executive vice president and managing direc - director of financial research and product currently under review by the Commodity tor of government relations. development. In this newly created position, Futures Trading Commission. Chen will be responsible for identifying and The Commodity Markets Council, a U.S. developing new product and clearing opportu - Newedge appointed Stephen Davy as chief trade association, elected Tom Erickson , a gov - nities in the over-the-counter markets. Prior to information officer for Newedge Americas and ernment relations executive for Bunge and a joining CME, Chen served as vice president at head of sales technology globally. He previous former CFTC commissioner, as chairman, and Goldman Sachs Asset Management, where worked as corporate CIO at Altria and head of Charles Carey , vice chairman of CME Group, she was a junior portfolio manager on global technology for capital markets and trading at as vice chairman. CMC also elected Matthew structured credit products. Capital. Jansen , president of the grain group at Archer CME also named Michael Barston as direc - Daniels Midland Company, as a member of tor, equity products. He will be responsible for Lynn Martin has been promoted to chief the group’s board of directors. supporting equity index futures and options operating officer of NYSE Liffe US, the U.S. products. Prior to joining CME Group, futures exchange subsidiary of NYSE Euronext. The Kansas City Board of Trade announced Barston was senior relationship manager at She previously was head of member services. the election of Michael Braude and Barry Credit Suisse, where he coordinated relation - Flinchbaugh as outside directors for a two-year ships with hedge funds. Penson Worldwide hired David Faller as term. At the KCBT, four outside directors sit on In other CME news, the exchange hired global head of foreign exchange. He previously the exchange’s board along with seven mem - Pacy Ostroff as director of corporate strategy. worked at the Bank of Montréal, where he was bers, three of whom are executive officers. He will help to define, develop and imple - managing director and global head of FX Braude served as chief executive officer of the ment CME’s corporate strategy. Ostroff previ - options trading and sales. KCBT from April 1984 through 2000 before ously worked at Allstate Insurance, retiring. Finchbaugh is a professor at Kansas Brunswick, Sears and ABN Amro. CME also The International Swaps and Derivatives City University, teaching agricultural policy. named Kevin Wenta , a former Accenture part - Association elected three buy-side members to ner, as director, strategy execution, a newly its board of directors, the first time that non- Orc Software hired Marty Leamy as presi - created position. He is responsible for working dealer firms will serve on the association’s dent of the company’s U.S. subsidiary. He suc - with the company’s business units to identify, board. The three new directors are: Pierre- ceeded Martin Koopman , who left the prioritize and track strategic initiatives to Emmanuel Juillard , head of the structured company in May 2008, and will be based in drive bottom line results. He most recently finance division at AXA Investment Orc’s Chicago office. Leamy previously was served as executive vice president of Managers; Ted MacDonald , managing director vice president Americas field operations at Nanophase Technologies. Ostroff and Wenta and treasurer, the D.E. Shaw group; and Bill Check Point Software Technologies, responsi - will both report to Jason Beller , managing Powers , managing director and member of ble for sales operations for network and data director of corporate strategy. PIMCO’s investment committee. security solutions in the Americas region.

Electronic Liquidity Exchange, the futures The Futures and Options Association Alphametrix, a research and investment exchange that plans to compete with CME in hired Emma Davey as director of membership platform for managed futures, hired a former the market for Treasury futures, has added three and member services. She will assume respon - U.S. Secret Service officer to head a new people to its staff. The exchange appointed sibility for member liaison and communica - investigations unit. The company brought in Daniel McElduff as director of compliance, G. tions, including the delivery of member David Fisher , assistant special agent in charge Kurt Von Uffel as sales director and Karen services and corporate events. She leaves the of the Chicago office of the Secret Service, to Ogulnick as director of project management. London Metal Exchange where she was mem - head a group that will conduct comprehensive McElduff previously worked at Morgan Stanley bership and business development manager. background investigations of trading managers.

50 Futures Industry