The Futures Industry Association today announced the election of board directors at its annual meeting in Boca Raton, Fla. Fourteen directors were elected in total at the meeting, including eight regular member directors for two-year terms; one regular member director for a one-year term; and five associate member directors for a two-year terms. Following the election, the new board elected the association’s officers and public directors.
* Directors new to the board since the 2012 annual meeting are marked with an asterisk.
The following directors were re-elected as officers by the new board:
- Michael C. Dawley, Managing Director, Co-Head of Futures and Derivatives Clearing Services, Goldman, Sachs & Co., was re-elected as chairman
- Gerald Corcoran, Chairman and Chief Executive Officer, R.J. O’Brien & Associates LLC, was elected as vice chairman
- Emily Portney, Global Head of Agency Clearing, Collateral Management and Execution, J.P. Morgan Securities LLC, was elected as secretary
- Michael Yarian, Managing director, head of agency derivatives services, Barclays
The following individuals were elected as public directors by the new board:
- Michael R. Schaefer
- Alice P. White
Eight directors were elected for two-year terms in the regular member category:
- * Maureen Downs, President, Rosenthal Collins Group LLC
- Malcolm Clark Hutchison, III, Global Head of Listed Derivatives, Morgan Stanley
- Jeffrey Jennings, Managing Director, Global Head of Prime Services Listed Derivatives, OTC Derivatives Clearing and FX Prime Brokerage, Credit Suisse Securities (USA) LLC
- Peter G. Johnson, Managing Director, Global Head of Futures, OTC Clearing and FX Prime Brokerage, Bank of America Merrill Lynch
- Jerome Kemp, Global Head of Exchange-Traded Derivatives Sales and Clearing, Citigroup Global Markets Limited
- Emily Portney, Global Head of Agency Clearing, Collateral Management and Execution, J.P. Morgan Securities LLC
- Ajay Singh, Global Head of Listed Derivatives, Deutsche Bank AG
- Jeremy Wright, Global Head of Futures and Options Markets, The Royal Bank of Scotland plc
One director was elected to fill the remainder of a two-year term expiring in 2014 in the regular member category:
- Antoine Babule, Chief Executive Officer, Newedge USA, LLC, and Head of Newedge Americas
Five directors were elected for two-year terms in the associate member category:
- George E. Crapple, Co-Chairman & Co-Chief Executive Officer, Millburn Ridgefield Corporation
- * Thomas J. Erickson, Vice President, Government & Industry Affairs, Bunge North America
- Christopher Hehmeyer, Managing Member, HTG Capital Partners LLC
- Andy Milnes, Head of Supply and Trading, Global Oil Americas, BP Corporation North America, Inc.
- Edward J. Rosen, Partner, Cleary Gottlieb Steen & Hamilton LLP
The new board re-appointed the following individuals as special advisers to the board: Richard Berliand and Gary DeWaal. In addition, the board re-appointed John Damgard as senior adviser to the board.
The FIA’s board of directors holds elections each year at the annual meeting in March, with terms staggered so that approximately half of the directors are elected each year. In addition to Walt Lukken, president and chief executive officer of the Futures Industry Association, who serves on the board ex officio, the continuing board directors are:
- Patrice Blanc, President, Futures Brokerage Division, Jefferies & Company, Inc., and Chief Executive Officer, Jefferies Bache LLC
- Gerald Corcoran, Chairman and Chief Executive Officer, R.J. O’Brien & Associates LLC
- Michael C. Dawley, Managing Director, Co-Head of Futures and Derivatives Clearing Services, Goldman, Sachs & Co.
- Richard B. Gorelick, Chief Executive Officer, RGM Advisors LLC
- Arthur W. Hahn, Partner, Katten Muchin Rosenman LLP
- Sanjay Kannambadi, Chief Executive Officer and Global Head, BNY Mellon Clearing LLC
- Najib Lamhaouar, Global Head of Exchange-Traded Derivatives and OTC Clearing, Global Markets, HSBC Securities (USA) Inc.
- David S. Mitchell, Partner, Fried, Frank, Harris, Shriver & Jacobson LLP
- Reinhardt Olsen, Managing Director, Global Head of Execution and Derivatives Clearing, UBS Securities LLC
- Kenneth M. Raisler, Partner, Sullivan & Cromwell LLP
- Edward J. Rosen, Partner, Cleary Gottlieb Steen & Hamilton LLP
- Donald R. Wilson, Jr., Chief Executive Officer, DRW Trading Group
- Michael Yarian, Managing Director, Head of Futures and OTC Derivative Clearing, Barclays
