Paul Jacot holds a unique place in the history of futures and options trading in Europe. As the chairman of the Swiss Futures and Options Association from 1990 to 2001, he presided over an important component of our industry at a time of extraordinary and growth. Thanks to his leadership and extensive network of contacts in banking and international commodity trading, the SFOA's annual fall meeting grew to become an important international gathering of exchange leaders, market participants and government officials in the futures and options markets. The discussions and decisions inspired by the Bürgenstock conference deserve no small share of the credit for the tremendous advance of European derivatives exchanges during this period of time. Jacot continues to be a member of SFOA today and is currently serving as its president and chief executive officer. He also co-founded and served as the first editor in charge of the Swiss Derivatives Review, and for many years he was a prominent member of the International Finance and Commodities Institute.