George Gero is a managing director at RBC Wealth Management and serves on the COMEX Governors Committee. He previously was the vice president of Global Futures at RBC Capital Markets. Gero has served on the FCM committee of FIA and as the president of the International Precious Metals Institute. He also has served on the governing boards of the Cotton Exchange, NYMEX, COMEX and PHLX and as the chairman of the Commodity Floor Brokers and Traders Association. Before joining RBC in 2005, Gero was a senior vice president of Legg Mason Wood Walker and at Prudential Securities, where he served as a first vice president for 22 years. Gero has been a member of NYMEX since 1966 and served on its board of directors since 1976, and has been a member of COMEX since 1976, the American Stock Exchange since 1995, and the New York Board of Trade (eventually ICE Futures U.S.) since 1984. He was elected to the board of the Financial Instruments Exchange (FINEX) and the New York Cotton Exchange in 1995. Commodity Clearing Corporation (now ICE Clear U.S.) elected him a director in 1996. Previously, Gero served as a member of the joint task force, steering committee, swap and OTC derivative product committees of the Securities Industry Association.
CONTINUE READINGPhupinder Gill retired as CEO of CME Group in 2016, after four years running the firm’s day-to-day operations and implementing strategic initiatives to expand CME’s core business into new areas of listed, overthe-counter and emerging markets. He first joined the company in 1988.
CONTINUE READINGLast week’s FIA Europe conference on MiFID II brought together an impressive list of speakers and a full house of delegates to hear presentations on the key areas of the directive and regulation that will have the most impact on the listed derivatives industry.
CONTINUE READINGChris Hehmeyer is the manager and chief executive officer of proprietary trading firm Hehmeyer LLC and its subsidiaries. He is a registered floor broker with the National Futures Association, and has served on NFA’s board of directors for nine years and is past chairman of the board. Hehmeyer is a member of the board of directors of FIA, where he has served in several capacities, including vice-chairman of the board. Hehmeyer was one of the founding partners of Goldenberg, Hehmeyer & Co., a futures commission merchant and clearing member firm at the Chicago Board of Trade and CME Group. He was a managing director of Virginia Trading Corporation from 1981 until the establishment of the GHCO partnership in 1984. When GHCO was sold to Penson Worldwide in 2007, Hehmeyer became the CEO of Penson GHCO until 2010. Hehmeyer became a full member of the CBOT in 1981 and was a member of its board of directors from 1984 to 1987 and served on over 40 committees. He also served on the board of governors of the Board of Trade Clearing Corporation from 1993 until 1999, and as chairman from 1996 to 1998. He began his career as a runner on the trading floor in 1977.
CONTINUE READINGGarry Jones has over 35 years of experience in financial services, and has been CEO of three of the largest derivatives and OTC exchanges in Europe: BrokerTec, LIFFE and the London Metal Exchange. Jones was part of the initial management team at BrokerTec, becoming CEO and president before running ICAP Electronic Broking (Europe) — the forerunner of NEX. Under his leadership, Brokertec became the largest global OTC trading platform. Jones then joined NYSE Euronext in 2005 and was global head of derivatives and CEO of the NYSE LIFFE exchange. In 2013, he became co-head of markets at HKEX and CEO of the London Metal Exchange. He left HKEX in 2017, remaining an advisor to the company until 2018. Jones was a founding member of the Futures and Options Association’s European Industry Council and was a member of the U.K.’s Financial Services Authority senior practitioner panel that advised on new policy initiatives. He served on the board of The Federation of European Security Exchanges and as alternate board member of the World Federation of Exchanges. Jones also served as a director of LCH.Clearnet as well as the Qatar Exchange.
CONTINUE READINGFrom 1989 through 2018, Bonnie Litt was a lawyer at Goldman Sachs, most recently serving as managing director and practice group head for its U.S. prime services practice that included prime brokerage, futures, cleared derivatives and securities clearing. At Goldman Sachs, Litt was a member of the firm’s exchange and clearing house review committee, its securities division client business standards committee and regional new products committee. Throughout her career, she was an active member of the FIA Law and Compliance Division, serving as a member of the executive committee from 1994 through 2018 and serving as the group’s president from 2008 to 2010. Litt also served on the CFTC Global Markets Advisory Committee from 2004 to 2009, the NFA board of directors from 2002 to 2006 and the NFA FCM Advisory Committee. In 2018, Litt left Goldman to pursue her long-term interest in education reform and access by joining Success Academy Charter Schools as general counsel. She is also a member of the board of directors of Breakthrough New York, a 10-year college success program focused on low income New York children. She has been board chair of BTNY since 2016.
CONTINUE READINGAndreas Preuss served as a member of the executive board of Deutsche Börse from 2006 to 2018, and was its deputy CEO from 2008 to 2018.
CONTINUE READINGMichael Spencer began his career in 1976, as an investment analyst at Simon and Coates. In 1980, he joined Drexel Burnham Lambert where he spent three years broking futures. Between 1983 and 1986, Spencer was a director at money broker Charles Fulton, until his involvement in the new interest rate swaps market led him to set up Intercapital in 1986. Intercapital grew over 10 years from four original staffers to over 300 employees with offices in London, New York and Sydney. In October 1998, Intercapital merged with EXCO, a listed money broker. The following year it merged again with Garban to form ICAP and named Spencer as its chief executive. In 2016, ICAP sold its global hybrid voice broking business to Tullett Prebon and the remaining ICAP businesses formed a new company called NEX Group where Spencer remained as chief executive. In 2018, NEX reached an agreement to be acquired by CME Group. After completion of the transaction, Spencer joined the CME Board in addition to working as a special adviser focused on integrating the business and evolving its client offerings. Spencer was named the Ernst & Young World Entrepreneur of the Year 2010.
CONTINUE READINGLee Stern has been a member of the Chicago Board of Trade and the Chicago Mercantile Exchange since 1949, and is one of its longest serving active members.
CONTINUE READINGKim Taylor was president of clearing and post-trade services at CME Group, retiring at the end of 2017. Previously, Taylor had served as president of global operations, technology & risk from 2014 to 2016. Before that, Taylor served as president of CME Clearing since 2004 when CME began clearing all Chicago Board of Trade contracts. She led the clearinghouse through the challenges of CME’s subsequent acquisitions of CBOT and the New York Mercantile Exchange, as well as leading the industry through the 2008 financial crisis and the MF Global bankruptcy in 2011. Taylor joined CME in 1989 as a senior analyst, assuming responsibility in 1998 for risk management and serving on the CME executive management team from 2004 until her retirement. She currently serves on the boards of directors for First Midwest Bank, Eventus Systems, and Alma College and previously served on the board for both ISDA and the Illinois Math and Science Academy. In 2014 Crain’s Chicago Business named Taylor number nine on its list of the top 20 most powerful women in Chicago business.
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