CFTC Acting Chairman adds staff

CFTC Acting Chairman Mark Wetjen Names Joseph Cisewski and Scott Reinhart as Co-Chiefs of Staff and Co-Chief Operating Officers

Washington, DC — U.S. Commodity Futures Trading Commission (CFTC or Commission) Acting Chairman Mark Wetjen today announced that Joseph Cisewski and Scott Reinhart have been named Co-Chiefs of Staff and Co-Chief Operating Officers.

“I am very pleased that these talented public servants will help manage the Commission during this critical transition period for the derivatives markets,” said Acting Chairman Mark Wetjen. “I have relied upon Joe and Scott’s advice on over 60 final rules, orders, and interpretations issued by the Commission over the past two years, and these efforts have been instrumental in bringing transparency to the swaps marketplace and in enhancing the safety and soundness of the derivatives market structure. Their experience and diligence will be valuable as the Commission continues to implement financial reforms in the months ahead.”

In his role, Mr. Cisewski primarily will oversee activities in the CFTC’s Office of the General Counsel, Office of the Chief Economist, and Divisions of Swap Dealer and Intermediary Oversight and Clearing and Risk. Mr. Cisewski also will coordinate with Congress and other agencies in the executive branch and serve as the agency’s deputy to the Financial Stability Oversight Council. In his role, Mr. Reinhart primarily will oversee the activities of the CFTC’s Office of International Affairs, including the agency’s coordination with foreign regulators, and Divisions of Market Oversight and Enforcement. In addition, Mr. Reinhart will oversee personnel and administrative initiatives and actions in the CFTC’s Office of the Executive Director. Mr. Cisewski and Mr. Reinhart will jointly coordinate and oversee budget and strategic planning processes.

Joseph Cisewski Biography

Mr. Cisewski has served as special counsel and policy advisor in the Office of Commissioner Mark P. Wetjen since the commissioner’s confirmation in 2011. In that role, he advised Commissioner Wetjen on the CFTC’s implementation of dozens of final rules, orders and interpretations under Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank Act”) and on enforcement and administrative matters before the agency. Mr. Cisewski previously was an attorney for the CFTC’s Division of Market Oversight, where he served as deputy lead counsel on rulemaking teams responsible for drafting the rules governing swap execution facilities and other registered entities.

Prior to joining the CFTC, Mr. Cisewski served in the Division of Financial Markets and Community Investment at the U.S. Government Accountability Office (GAO), where he primarily assisted the agency’s oversight of the Troubled Asset Relief Program. While at GAO, Mr. Cisewski was recognized by the U.S. Comptroller General for his contributions to a report on the design and implementation of the Term Asset-Backed Securities Loan Facility and his assistance with an early investigation into certain derivatives activities of the American International Group. Previously, Mr. Cisewski served as a legislative assistant to two elected officials and worked for the Securities and Exchange Commission’s Division of Enforcement as part of the agency’s legal honors program and as a financial advisor for a large advisory firm.

Mr. Cisewski attended Marquette University Law School and the Georgetown University Law Center, where he was staff for the Georgetown Journal of Law and Public Policy. Mr. Cisewski also served as a director of the Georgetown Securities and Financial Law Forum while pursuing a Master of Laws in Securities and Financial Regulation at Georgetown Law. Previously, Mr. Cisewski attended the University of Wisconsin at Milwaukee, where he received his Master of Arts in Economics, completing the PhD. coursework for concentrations in economic development and industrial organization, as well as his Bachelor of Arts, Magna Cum Laude, in Economics and History. He was elected to Phi Beta Kappa in 2004.

Scott Reinhart Biography

Mr. Reinhart has served as special counsel and policy advisor in the Office of Commissioner Mark P. Wetjen since 2011. In that role, he also advised Commissioner Wetjen on the CFTC’s implementation of dozens of final rules, orders and interpretations under Title VII of the Dodd-Frank Act and on enforcement and administrative matters before the agency. Mr. Reinhart joined the CFTC from the Global Markets Financing & Futures Client Solutions Group at Bank of America Merrill Lynch, where he was responsible for managing prime brokerage client relationships and facilitating client onboarding. He also coordinated among diverse business units within Bank of America Merrill Lynch as part of the bank’s Dodd-Frank Act implementation and compliance effort.

Previously, Mr. Reinhart was in-house counsel to the Lehman Brothers’ structured credit products desk and following the Lehman Brothers’ bankruptcy in 2008, he worked at Lehman Brothers’ bankruptcy estate. In that role, Mr. Reinhart advised the bank on the unwind of its derivatives portfolio and served as lead counsel with respect to the commodity derivatives book. Mr. Reinhart began his career as an associate in the derivatives practice group at Shearman & Sterling LLP, where he advised buy-side, sell-side and corporate institutions with respect to a wide range of derivatives products and transactions.

Mr. Reinhart received his Juris Doctor from the New York University School of Law and received his Bachelor’s degree in political science from the University of Pennsylvania. Mr. Reinhart is a CFA® charterholder.

 

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