Futures industry group rolls out global structure

New board

Washington, D.C. and Boca Raton, Fla.—March 11, 2014—FIA Global today announced the election of directors for the board of FIA Global, the organizational structure established to unite FIA, FIA Asia and FIA Europe.

The board of FIA Global comprises nine elected directors and the chairs of the three underlying organizations. In addition, the chief executive officer of FIA, the chief executive officer of FIA Europe, and the executive director of FIA Asia serve as non-voting directors of FIA Global.

The creation of FIA Global was announced in June 2013 when FIA and FIA Europe, then known as the Futures and Options Association, reached an agreement to combine their organizations under one global structure in order to strengthen their influence on cross-border issues, increase the coordination and information flow between regions, and provide a powerful global voice to express the views of their members.

The following directors were elected as officers by the new board:

 

  • Michael Dawley, Managing Director, Global Co-Head of Futures and Derivatives Clearing Services, Goldman, Sachs & Co., was elected as chairman
  • Jerome Kemp, Global Head of Exchange-Traded Derivatives Sales and Clearing, Citigroup Global Markets Limited, was elected as vice chairman
  • Steve Sparke, Group Chief Operating Officer and Head of Financial Futures, Marex, and chairman, FIA Europe, was elected as treasurer
  • Najib Lamhaouar, Global Head of Exchange-Traded Derivatives and OTC Clearing, HSBC Securities (USA) Inc., was elected as secretary

The following individuals were elected as directors to the FIA Global board:

  • Craig Abruzzo, Managing Director, Morgan Stanley
  • Michael Dawley, Managing Director, Global Co-Head of Futures and Derivatives Clearing Services, Goldman, Sachs & Co.
  • David Escoffier, Chief Executive Officer, Newedge
  • Jeffery Jennings, Managing Director, Global Head of Prime Derivatives Services, 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
  • Najib Lamhaouar, Global Head of Exchange-Traded Derivatives and OTC Clearing, HSBC Securities (USA) Inc.
  • 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

The following individuals will serve as the ex-officio directors of the FIA Global board:

  • Michael Yarian, Managing Director, Head of Agency Derivatives Services, Barclays, and chairman, FIA
  • Steve Sparke, Group Chief Operating Officer and Head of Financial Futures, Marex, and chairman, FIA Europe
  • Jason Scott, Managing Director, Head of Listed Derivatives Asia, Deutsche Bank, and chairman, FIA Asia

The following individuals will serve as ex-officio non-voting directors of FIA Global:

  • Walt Lukken, chief executive officer, FIA
  • Simon Puleston Jones, chief executive officer, FIA Europe
  • Bill Herder, executive director, FIA Asia

 

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