Futures Industry Template
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Walt Lukken , the acting chairman of the ing the agency’s implementation of the Commodity Futures Trading Commission, Energy Policy Act of 2005. named Michael Loesch as his chief of staff. Loesch joined the CFTC from the Securities The Financial Industry Regulatory and Exchange Commission where he served Authority, the U.S. securities industry self- as counsel to Chairman Christopher Cox since regulatory body created in July, elected seven January 2007 on legal and policy issues people as industry representatives on its 23- related to the agency’s enforcement and member board of governors. Richard examination programs. Before that he Brueckner , chief executive officer of worked in the SEC’s division of enforcement Pershing; Robert McCann , president of Merrill as branch chief and senior counsel from 2000 Lynch Global Private Client Group; and to 2006. Thomas Russo , vice chairman and chief legal officer of Lehman Brothers were elected as The Commodity Futures Trading Com- representatives of large firms. W. Dennis mission appointed Jeff Harris as chief econo - Ferguson , executive vice president and direc - mist. Harris joined the agency from the tor of clearing, Sterne, Agee & Leach, was University of Delaware where he was a elected as the representative of mid-sized finance professor at the Lerner College of firms. Richard Goble , founder and principal Business and Economics. He also was a visit - shareholder of North American Clearing; G. ing academic scholar at the Securities and Donald Steel , president of Planned Invest- Exchange Commission. ment Company; and Duncan Williams , Prominent President of Duncan-Williams were elected Annette Nazareth formally announced that as representatives of small firms. Richard People she plans to leave the Securities and Ketchum , chief executive officer of NYSE Exchange Commission. Nazareth, who has Regulation, will serve as chairman of the By Kate Rice worked at the SEC for nine years and who Finra board. Mary Schapiro , Finra’s chief has served as SEC Commissioner since executive officer, also will serve on the August 2005, said she plans to return to the board. Finra also announced the following private sector, but did not set a date for her appointed members: Charles Bowsher , former departure. Her departure would leave two U.S. Comptroller General; John Brennan , vacancies out of five commissioner seats at chairman and chief executive officer of The the SEC. Vanguard Group; Ellyn Brown , president of Brown & Associates; James Burton , chief Joseph Kelliher , the chairman of the executive officer of the World Gold Council; Federal Energy Regulatory Commission, Brian Corby , former chairman of Prudential appointed John Moot as chief of staff. Moot Corporation; John Dolan , chief executive offi - served as the agency’s general counsel since cer of the Kellogg Specialist Group; Harvey August 2005. Before that, he was a partner at Goldschmid , Dwight Professor of Law at Skadden, Arps, Slate, Meagher & Flom. Columbia University Law School and former Cynthia Marlette , who served as general coun - SEC Commissioner; William Heyman , vice sel from 2001 to 2005, will replace Moot. chairman and chief investment officer of the Marlette currently is responsible for oversee - Travelers Companies; Shirley Ann Jackson , 68 Futures Industry president of Rensselaer Polytechnic Institute vice president, technology strategy, for Liffe, Screen, a trading technology firm headed by and chair of NYSE Regulation’s board of the global derivatives market of NYSE Philippe Buhannic . Robert Trudeau , general directors; Richard Pechter , former chairman of Euronext, and as associate director, Globex partner of TCV, will join TradingScreen’s DLJ Financial Services Group and DLJ marketing, for the Chicago Mercantile board of directors. Also investing in Direct; Mark Sargent , Dean and Professor of Exchange. Johanik is also a member of the TradingScreen was Continental Investors, a Law at Villanova University School of Law; FIA’s Information Technology Division. Chicago-based investment firm headed by Joel Seligman , president of the University of former Morgan Stanley chief executive offi - Rochester; John Simmers , chief executive Merrill Lynch promoted several people cer Philip Purcell and former Merrill Lynch officer of ING Advisors Network; and Kurt with an energy trading background to investment banker W. Eric Carlborg . Stocker , visiting lecturer at Northwestern higher-level positions in its fixed income, University’s Medill School of Journalism. currencies and commodities group. The bank Trading Technologies International appointed David Sobotka to replace Osman announced that Russ Rausch’s responsibili - The Committee of European Securities Semerci as the global head of the FICC ties have expanded to include the position of Regulators elected Carlo Comporti , a former group. Sobotka, who will be based in New managing director, New York sales. In this Italian regulatory official, as the new secre - York, previously was head of Merrill Lynch capacity, he will lead TT’s sales efforts to tary general, effective Jan. 1. Comporti, who Commodities. He joined Merrill in 2004 Wall Street banks, buy-side firms and other served as CESR’s deputy secretary general for when the firm bought the energy trading professional trading organizations in New the past four years, will replace Fabrice business of Entergy-Koch, where he had been York and the greater East Coast region. Demarigny , who said in May that he intended president. Merrill also appointed David Rausch will continue to serve as executive to step down after six years at CESR. Goodman , formerly global head of commodi - vice president for global buy-side sales. ties trading, and Rob Jones , formerly head of MF Global appointed three independent global energy and power, as co-heads of Calyon Financial hired Simon Underhill to directors to its board, bringing the total num - global commodities. Goodman will be based manage its base metals options business. He ber of directors to eight. The three new in London, Jones in Houston. will be based in London and will report to directors are: Eileen Fusco , an attorney and Michael Frawley , global head of metals. CPA with 25 plus years of experience in Technology Crossover Ventures, a Underhill previously was head of global base financial services, most recently at Deloitte California-based venture capital firm, has metals trading at Bank of America and at & Touche; Lawrence Schloss , a former global made a minority investment in Trading- HSBC. head of private equity at Credit Suisse First Boston and currently the chairman and chief executive officer of Diamond Castle In Memoriam Holdings, a private equity investment firm; The FIA regrets to report that , a former executive director at Morgan and Robert Sloan , a former co-head of OTC Richard Beech derivatives marketing for the Americas at Stanley Dean Witter, passed away on Oct. 1. Beech worked in the futures industry for Credit Suisse First Boston and currently the more than 25 years, and held senior positions at several banks in operations, research, managing partner of S3, a company that pro - managed futures, and sales management. Earlier in his career, he worked at the Chicago vides treasury and liability management serv - Mercantile Exchange as chief agricultural economist. ices to hedge funds. The FIA regrets to report that R.J. Kline , a long-time employee of Trading Greenline Financial Technologies Technologies International, recently passed away after a long illness. Kline developed the first version of the firm’s Autotrader software and worked with several futures exchanges appointed James Johanik as chief marketing officer. Johanik previously worked as senior and many of TT’s customers. November/December 2007 69 outlook 08 Spectrum Global Fund Administration, a NYSE Euronext. He succeeds Olivier Lefebvre , cer, DTN; James Ginsburg , managing partner, hedge fund administrator headed by former who retired after 12 years with the Euronext Vernon & Park Capital; and William Power . Chicago Board of Trade general counsel Carol organization and its predecessors. Colmant The Board elected the following officers: Burke , hired Barbara Lorenzen as director of previously was chief of staff to the Belgian Scott Cordes , Country Hedging, as chairper - quality control and audit. She formerly Minister of Finance and chief financial offi - son; Michael Ricks , Cargill, as first vice chair - worked in the financial surveillance unit of cer of ING Group-Belgium. person; and Carter Ohrt , as second vice the CBOT. NYSE Euronext also announced that chairperson. Nelson Chai , the company’s chief financial Marex Group appointed Simon Heale as a officer, has been appointed to the board of Singapore Exchange appointed Richard non-executive director. Heale was chief the National Stock Exchange of India. Teng as senior vice president, head of issuer executive of the London Metal Exchange NYSE Euronext owns 5% of the NSE. NYSE regulation and chief of staff for risk manage - from July 2001 until May 2006. Euronext also named Edward Boyle as vice ment and regulation. Teng previously was president, NYSE Arca Options. He joined director of the corporate finance division at Todd Petzel , a member of the FIA’s board the exchange from TD Securities, where he the Monetary Authority of Singapore. SGX of directors, joined New York investment was vice president and director, equity deriv - also appointed Andrew Ler as senior vice pres - advisory firm Offit Capital Advisors as chief atives.