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Douglas E. Harris

FIA Futures Hall of Fame 2021

8 March 2021


 

Doug Harris
Douglas E. Harris

Douglas Harris, a long-standing and widely respected member of the derivatives industry, is a senior adviser at Promontory Financial Group, where he advises banks, swap dealers, futures commission merchants, derivatives clearing organizations and other financial institutions on regulatory and compliance issues. Prior to joining Promontory in 2004, he was the general counsel and chief operating officer of BrokerTec Futures Exchange and BrokerTec Clearing Co.   

Harris previously served as senior deputy comptroller for capital markets at the Office of the Comptroller of the Currency (OCC), where he was responsible for the regulation and supervision of national banks' capital markets activities, as well as the development of risk management policies and guidelines.  

He was the principal draftsperson of the OCC's Risk Management of Financial Derivatives, the first bank regulatory guidance on managing risks associated with derivatives trading activities. During his time at the OCC, he also served as senior staff member of the President’s Working Group on Financial Markets.   

Harris was one of the first Black general counsels at an FCM, taking on the position at JP Morgan Futures in 1982 after joining JP Morgan in 1979 as assistant general counsel.  In 2001, Harris became the first Black general counsel of an exchange and clearing house at BrokerTec. He began his career in 1975 as an associate at law firm Baer Marks & Upham. 

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