People - September 2015

15 September 2015



The Singapore Exchange appointed Loh Boon Chye (pictured) as its new chief executive officer. He succeeded Magnus Bocker, who stepped down earlier this year. Loh has worked in finance for 26 years, most recently serving as deputy president and head of global markets for Asia Pacific at Bank of America Merrill Lynch. He also has been a member of the exchange’s board of directors since 2003. 

The U.K.’s Financial Conduct Authority named Tracey McDermott to serve as acting chief executive to replace Martin Wheatley, who stood down as the FCA’s chief executive in September. McDermott joined the enforcement division of the FCA’s predecessor in 2001 and was named director of the enforcement and financial crime division in 2011. She became director of supervision for investment and wholesale markets in April 2015.

Megan Butler took over McDermott’s role as director of supervision, investment, wholesale and specialists. She joined the FCA on a temporary basis from the Prudential Regulation Authority, where she was an executive director.

In July, President Obama announced his intent to nominate Kathryn Dominguez to serve on the Federal Reserve’s Board of Governors. Dominguez is a professor of public policy and economics at the University of Michigan. Her research has covered exchange rates, foreign exchange markets and cross-border capital flows. If confirmed by the Senate, she would fill one of two vacant seats on the board. Earlier this year President Obama nominated Allan Landon, a commercial banker from Hawaii to fill the other seat. 

On June 25 the U.S. Senate confirmed the nomination of Anne Wall as the Treasury Department’s deputy under secretary for legislative affairs. She is responsible for leading Treasury’s engagement with Congress. Prior to joining Treasury, she served in the White House, most recently as the deputy assistant to the President for legislative affairs and Senate liaison and previously as special assistant to the President for legislative affairs. Before that she worked for Senator Dick Durbin (D-IL).

The European Commission announced on June 24 that Jonathan Faull will move from his position as the head of the directorate for financial stability, financial services and capital markets union to lead a newly created task force responsible for strategic issues related to the U.K. referendum on membership in the European Union. Olivier Guersent, previously Faull’s deputy, will become director general of DG FISMA. 

The Securities and Exchange Commission named Andrew "Buddy" Donohue as chief of staff. He replaced Lona Nallengara, who left in June. Donohue was most recently managing director and associate general counsel for Goldman Sachs. He served as a director of the SEC’s division of investment management from 2006 to November 2010. The SEC also named John Roeser as associate director and deputy head of the office of market supervision in its division of trading and markets. Roeser replaced Heather Seidel, who was named in February as chief counsel for the division of trading and markets.

The World Federation of Exchanges appointed Gavin Hill as head of regulatory affairs. He joined the WFE from the Financial Conduct Authority, where he had worked for the past 14 years. Since 2006 he served as a manager in markets and supervision divisions, supervising equities, derivatives and commodity exchanges.

The Commodity Futures Trading Commission appointed Eileen Flaherty as director of the division of swap dealer and intermediary oversight. She will take over from Thomas Smith, who has been the division’s interim director since Gary Barnett left in January to join the SEC. The division oversees the registration and compliance of intermediaries and selfregulatory organizations, including U.S. derivatives exchanges and the National Futures Association. This division also is responsible for registration, business conduct standards, capital adequacy and margin requirements for futures commission merchants, swap dealers and major swap participants. From 2011 to 2014 Flaherty was the global head of compliance and financial crime prevention for Newedge and the firm’s general counsel for the Americas. She is also a former president of the FIA Law & Compliance Division and served for many years on its executive committee. 

Mark Wetjen (pictured), a commissioner at the Commodity Futures Trading Commission, resigned from his post in August. He was confirmed by the Senate in October 2011 and served as acting chairman of the CFTC during 2014. During that time he focused on implementing Title VII of the Dodd-Frank Act and coordinating cross-border regulations as set out in the G20 accord.“When Mark arrived, the commission was just beginning the task of implementing the Congressional mandate to regulate the swaps market. Today, thanks to Mark’s help, the Commission has a framework in place to make the swaps market more open, transparent and competitive,” CFTC Chairman Tim Massad said in a statement.

The London Stock Exchange Group appointed Donald Brydon as chairman. He succeeded Chris Gibson-Smith, who announced his plans to retire after serving as chairman for 12 years. Brydon has held the post of chairman at a wide range of domestic and international companies including the London Metal Exchange from 2003 to 2010. He currently serves as chairman of Royal Mail but will step down from that position in August. 

The Tokyo Commodity Exchange appointed Takamichi Hamada (pictured) as president and chief executive officer. Hamada was the second-in-command at Tocom from 2002 to 2006, then worked at an agency supporting venture capital and served as an executive at a Japanese electrical equipment manufacturer. He rejoined Tocom in 2014 and most recently was the exchange’s chief operating officer. He succeeded Tadashi Ezaki, who stepped down after six years at the head of the exchange but will continue to serve as executive advisor. 

Hong Kong Exchanges and Clearing announced that its board of directors has renewed the employment contract of Charles Li Xiaojia as the exchange’s chief executive for a further three-year term. The new term will extend from October 2015 to October 2018. Li joined HKEx in October 2009 and became the chief executive in January 2010.

CME promoted Tina Hasenpusch (pictured) to chief executive officer of CME Clearing Europe. Hasenpusch replaced Lee Betsill, who returned to Chicago as managing director, global clearing operations at CME Clearing. Hasenpusch previously served as managing director and chief operating officer of CME Clearing Europe. Tony Zangrilli replaced Hasenpusch as chief operating officer of CME Clearing Europe. He was previously based in Chicago and oversaw several different operational areas in clearing.

CME also named Samantha Dezur as manager, government and industry relations, based in Chicago. She was previously vice president of federal policy and strategic communications at the Bond Dealers of America. 

ASX appointed Helen Lofthouse (pictured) as executive general manager for derivatives and OTC markets. She will have responsibility for futures, options and OTC clearing as well as ASX Collateral, the exchange’s collateral management service, and Austraclear, a subsidiary that provides settlement services. She will take over many of the activities previously overseen by Rohan Delilkhan, who left the exchange in July. Lofthouse previously worked at UBS in London, where she was the global head of OTC clearing and European head of clearing sales.

Intercontinental Exchange promoted Lynn Martin (pictured) to president and chief operating officer of ICE Data Services. She will be  responsible for managing exchange data, analytics and connectivity services, including ICE and NYSE market data, SuperDerivatives, the SFTI network and colocation business. Martin joined NYSE Euronext in 2001 and served in a number of leadership roles, including CEO of NYSE Liffe U.S. and COO of ICE Clear U.S. ICE also announced that David Goone, ICE’s chief strategy officer, was appointed chairman of ICE Data Services in addition to his current roles. 

OCC promoted Joseph Kamnick to senior vice president and general counsel. He was previously vice president and chief regulatory counsel. Kamnik oversees OCC’s legal and regulatory affairs and reports to Craig Donohue, executive chairman.

LCH.Clearnet Group appointed John Vinci as head of its repo clearing business, North America. He reports jointly to David Weisbrod, chief executive officer of LCH. Clearnet LLC and Bruce Kellaway, global head of fixed income, LCH.Clearnet Group. Vinci was previously at BNY Mellon, where he was managing director and a member of the bank’s operating committee. 

Former CFTC Commissioner Mark Wetjen was appointed as managing director at the Depository Trust and Clearing Corporation. He will lead the firm’s global public policy activities, reporting to Larry Thompson, DTCC’s vice chairman and general counsel. In separate news, Wetjen also joined the board of directors of Ledger Holdings, the parent company of LedgerX, a platform for trading and clearing bitcoin options. LedgerX is registered with the CFTC as a swap execution facility and is waiting for approval for registration as a designated clearing organization.

Mark Slade was named chief executive officer of OSTC, a proprietary trading firm active on numerous exchanges in Europe, Asia and North America. He was previously chief risk officer. Jonny Aucamp, who previously served as the CEO, is now executive chairman.

CBOE promoted Andy Lowenthal (pictured) from vice president to senior vice president, business development. His responsibilities were expanded to include business development functions of the CBOE Futures Exchange as well as CBOE’s Livevol, an equity and index options technology market data services provider. 

The Price Group, a Chicago-based introducing broker, hired Richard Boerke as institutional sales executive and a member of its business development team. Boerke previously was a managing director at Jefferies Bache Commodities.

ICAP appointed Jenny Knot (pictured) as chief executive officer of post trade risk and information services. She is based in London and  will head the Traiana, TriOptima, Reset, Euclid and ICAP information services businesses. She joined ICAP from Standard Bank Group, the South African financial services group, where she held a number of senior roles, including head of its London-based subsidiary and strategic adviser to the group’s chief executive. 

Sucden Financial strengthened its softs brokering team in London with the appointment of two senior brokers from Jefferies Bache. Gary Herbert was named senior coffee broker and Michael Donovan was named senior cocoa broker. 

Wedbush Futures named Thomas Anderson as senior vice president and head of proprietary trading group services. He was previously chief commercial officer at ABN AMRO Clearing Chicago.

Quad Group, a proprietary trading firm and asset management firm based in New York, expanded its futures trading desk with seven new hires. The new hires include John Curran, who was previously with Caxton; Phillip Gershgorin, who was previously with Hetco; Laura Hunt, who was previously with Graham Capital and Goldman Sachs; former Nymex traders Chris Kelly and Steven Overbey; Josh Roberts, who was formerly with Vermillion; and Bruce Urquhart, who was formerly with Irving Refinery. They report to Jon Brudner, who heads the futures trading desk.

Ullink, a provider of electronic trading and connectivity solutions, appointed Didier Bouillard as chief executive officer. Bouillard is currently serving as Ullink’s chief revenue officer. Bertrand Sciard, Ullink’s current interim CEO, will move to chairman.

Trading Technologies promoted Mike Mayhew to chief information officer, Katie Burgoon to executive vice president for human resources, and Drew Shields to chief technology officer. Mayhew was previously vice president of global operations, Burgoon was previously director of global recruitment, and Shields was previously director and product management and development.

Rival Systems, a Chicago-based trading technology firm, hired Natasha Solis as director of sales and business development and Sara Goodman as director of marketing. Solis previously worked at Orc, Intercontinental Exchange, Jefferies Bache and Advantage Futures. Goodman previously worked at Born Technology and RTS Realtime System

Micah Green left Squire Patton Boggs to lead Steptoe & Johnson’s financial services practice and serve as co-chair of the firm’s government affairs and public policy group. Carolyn Walsh and Matthew Kulkin joined as partners. In addition, former CFTC commissioner Michael Dunn and Rick Shilts, a former director of the CFTC’s division of market oversight, joined as senior policy advisors. Mara Georgio and Grace Kim joined as associates. The entire team was previously at Squire Patton Boggs. Steptoe also named Dan Mullen a partner in the firm’s energy group. Mullen was previously enforcement branch chief for the Federal Energy Regulatory Commission. 

Kathleen Moriarty joined the law firm of Kaye Scholer as a partner in the investment management group. She is based in the firm’s New York office, specializing in matters related to exchange-traded funds, financial services regulation, and virtual currencies. She previously was a partner at Katten Muchin Rosenman.

Industry veteran Chris Malo retired from Sun Trading after handing off his responsibilities as chief financial officer to Michael Deaton, who joined the company in January from ABN AMRO’s clearing business in Chicago. Malo, who joined Sun in 2008, spent several years in senior management roles at the Chicago Board of Trade. Before that he spent more than two decades at Cargill, where he focused on the company’s futures business.

Kevin Cuttica, global head of trading, was promoted to chief executive officer of Chicago-based Sun Holdings, the parent company of Sun Trading. He succeeded Bernard Dan, who stepped down as CEO. Cuttica has been with Sun Trading since 2003.

FIA appointed Dean Tonkin, global head of futures, options, OTC clearing and FX prime brokerage at Bank of America Merrill Lynch, to the association’s board of directors. Tonkin’s responsibilities at BAML include execution, marketing and clearing for the firm’s futures and options businesses as well as its OTC clearing and FX prime brokerage businesses. He has been with the bank since 2012 and before his current role he was co-head of the firm’s global short-term trading business, which includes foreign exchange, crosscurrency basis, repo and short-term fixed income trading.

FIA’s Market Technology Division elected Brian Adams, chief information officer at Rosenthal Collins Group, as president at the division’s annual meeting in June. He succeeded Greg Wood of Deutsche Bank, who will remain on the board as treasurer. The division members also elected Mark Davis of Barclays as first vice president, Steve Peters of CME Group as second vice president, and John Rapa of Tellefsen and Company as secretary.

The Federal Reserve Bank of New York named Joshua Rosenberg executive vice president, chief risk officer and head of the risk group. He also will serve on the bank’s management committee. Rosenberg served as the risk group’s risk analytics function head since 2009 and became the function head of enterprise risk management in 2015.

Peter Malyshev joined Reed Smith as a partner in the firm’s Washington, D.C. office. He will be practicing in the firm’s global energy and natural resources group. He previously worked at the law firm of Latham and Watkins.


FIA regrets to report that Alan Whiting passed away recently. He spent many years in the U.K. futures industry and held a number of senior roles at the intersection of market regulation and exchange leadership. From 1992 to 1997 he was the head of financial regulation at HM Treasury and played an active role in establishing the Financial Services Authority. In 1997 he was appointed as executive director at the London Metal Exchange to oversee regulation and compliance following the Sumitomo crisis. In 2006 he joined the board of Liffe and in 2012 he was named chairman of the exchange. After ICE acquired NYSE Euronext, he joined the board of ICE Futures Europe and served as chairman of the exchange’s authorization, rules and conduct committee.

FIA regrets to report that former CFTC economist Jim Moser passed away on July 5. For much of his career he taught finance at universities such as the University of Kentucky, Michigan State University and the University of Maryland at College Park. He also was a research officer and economic adviser at the Federal Reserve Bank of Chicago for more than a decade. He joined the CFTC in 2006 and served as deputy chief economist until 2012. Most recently he directed the Masters in Finance program at American University’s Kogod School of Business.

FIA is saddened to report that Paul-André Jacot passed away. From 1990 to 2001, he was chairman of the Swiss Futures and Options Association. It was because of his leadership and extensive network of contacts in banking and international commodity trading that the SFOA’s annual fall meeting in Bürgenstock grew to become a critical high-level gathering of industry leaders and government officials. He was a great friend of FIA and a well-known and respected member of the global futures community. FIA inducted Paul-Andre into the FIA Futures Hall of Fame in 2009 in recognition of his outstanding contributions to the industry.

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