Chicago—FIA announced today that official documents have been signed executing the merger of FIA, FIA Europe, FIA Asia into a single organization. The merger into one FIA will take effect on January 4, 2016. The newly merged organization will represent and serve both the global and regional needs of the futures, options, and cleared swaps industries.
Since June 2013, the three associations have been working closely together under an affiliated global structure, FIA Global, which enabled the independent organizations and their boards to better coordinate policies and priorities. The merger is the next step in enhancing global representation for the cleared derivatives industry.
Signatories included Michael Dawley, Chairman of the Board of Directors of FIA Global, Gerald F. Corcoran, Chairman of the Board of Directors of FIA, Steve Sparke, Chairman of the Board of Directors of FIA Europe, Paul Davies, Chairman of the Board of Directors of FIA Asia, and Walt Lukken, President and CEO of FIA.
Representatives from FIA affiliates sign official documents to merge into a single organization. Seated, left-to-right: Paul Davies, FIA Asia Chairman; Steve Sparke, FIA Europe Chairman; Walt Lukken, FIA President and CEO; Gerald Corcoran, FIA Chairman; Michael Dawley, FIA Global Chairman.
Standing, left-to-right: Bill Herder, FIA Asia President; Simon Puleston Jones, FIA Europe CEO.
Photo Credit: John Rizzo