Washington, D.C. and Boca Raton, Fla.—March 10, 2015—FIA today announced the election of directors to its board at its annual meeting in Boca Raton, Fla. Eleven directors were elected in total at this meeting, including eight regular member directors for two-year terms and three associate member directors for two-year terms. Following the election, the new board elected the association’s officers and public directors.
The following directors were elected as officers by the new board:
- Gerald Corcoran, Chairman and Chief Executive Officer, R.J. O’Brien & Associates LLC, was re-elected as chairman
- Emily Portney, Global Head of Agency Clearing, Collateral Management and Execution, J.P. Morgan Securities LLC, was re-elected as secretary
- M. Clark Hutchison, Managing Director, Head of North American Listed Derivatives, Deutsche Bank Securities Inc., was re-elected as treasurer
The following individuals were re-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:
- Craig Abruzzo, Managing Director, Morgan Stanley
- Jan Bart de Boer, Chief Commercial Officer, ABN AMRO Clearing Bank N.V.
- Maureen Downs, President, Rosenthal Collins Group LLC
- Jeffrey Jennings, Managing Director, Global Head of Prime Derivatives Services, Credit Suisse Securities (USA) LLC
- Thomas Kadlec, President, ADM Investor Services
- 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
- George Simonetti, Head of Markets Clearing and Futures Execution, Wells Fargo Securities, LLC
Three directors were elected for two-year terms in the associate member category:
- Clive Christison, Chief Executive Officer, Global Oil Americas, BP Products North America
- Thomas J. Erickson, Vice President, Director of Legal Affairs, Bunge Product Lines
- Christopher Hehmeyer, Managing Member, HTG Capital Partners LLC
The new board also appointed the directors of FIA Technology Services, a subsidiary of the FIA that supports electronic execution of give-up agreements and execution brokerage payments. The directors are:
- Antoine Babule, Managing Director, Head of Prime Services, SG Americas Securities, LLC
- Rebecca Crowe, Director, Deutsche Bank Securities Inc.
- Michael Dawley, Managing Director, Global Co-Head of Futures and Derivatives Clearing Services, Goldman, Sachs & Co.
- Maureen Downs, President, Rosenthal Collins Group LLC
- Chris Mitchell, Global Head, Derivatives Clearing Operations-Change, J.P. Morgan
- Tom Neville, Executive Director, Morgan Stanley
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 FIA, who serves on the board ex officio, the continuing board directors are:
- Antoine Babule, Managing Director, Head of Prime Services, SG Americas Securities, LLC
- Patrice Blanc, Managing Director, Global Head of Futures, Jefferies LLC
- Gerald Corcoran, Chairman and Chief Executive Officer, R.J. O’Brien & Associates LLC
- Robert Creamer, President, Geneva Trading
- Michael Dawley, Managing Director, Global Co-Head of Futures and Derivatives Clearing Services, Goldman, Sachs & Co.
- Richard Gorelick, Chief Executive Officer, RGM Advisors LLC
- Arthur Hahn, Partner, Katten Muchin Rosenman LLP
- M. Clark Hutchison, Managing Director, Head of North American Listed Derivatives, Deutsche Bank Securities Inc.
- Raymond Kahn, Global Head of Futures and Head of Agency Derivatives Services Americas, Barclays
- Najib Lamhaouar, Global Head of Exchange-Traded Derivatives and OTC Clearing, HSBC Securities (USA) Inc.
- Edward Pla, Global Head of Clearing and Execution, UBS Investment Bank
- Kenneth Raisler, Partner, Sullivan & Cromwell LLP
