Notices to Members

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Notice I-21-09

February 23, 2021

NFA's Board of Directors re-elects Maureen C. Downs to serve as Chair

At its February meeting, NFA's Board of Directors re-elected Maureen C. Downs, Phillip Capital, Inc., to serve a one-year term as Chair. The Board also re-elected Don Thompson, JPMorgan Chase & Co., to serve as Vice-Chair.

In addition, the Board elected the following individuals to serve as public directors for two-year terms:

  • Michael C. Dawley, BlueFin Partners LLC;
  • Douglas E. Harris, Promontory Financial Group LLC;
  • Ronald S. Oppenheimer;
  • Todd E. Petzel, Offit Capital Advisors LLC; and
  • Michael R. Schaefer.

The Board also elected the following individuals to serve one-year terms on NFA's Executive Committee:

  • Seth P. Bender, HSBC Bank PLC;
  • Douglas L. Bry, Augur Trading Company;
  • Michael T. Burke, HighGround Trading LLC;
  • David S. Goone, Intercontinental Exchange, Inc.;
  • Douglas E. Harris, Promontory Financial Group LLC;
  • Ernest L. Jaffarian, Efficient Capital Management LLC;
  • Thomas R. Kadlec, ADM Investor Services, Inc.;
  • Mary M. McDonnell, McDonnell & Associates;
  • Michael H. Moskow, The Chicago Council on Global Affairs;
  • Ronald S. Oppenheimer;
  • Todd E. Petzel, Offit Capital Advisors LLC;
  • John F. Sandner, CME Group, Inc.; and
  • Don Thompson, JPMorgan Chase & Co.

Ms. Downs, NFA Permanent Special Advisor Leo Melamed, and NFA's President also serve on the Executive Committee.

During its meeting on January 21, 2021, NFA's Executive Committee, pursuant to Article VII, Section (3)(c) and Article X, Section 3 of NFA's Articles of Incorporation, elected the following nominees to the Board and Nominating Committee:

Board of Directors

FCM Category

  • Maria Chiodi, Credit Suisse Securities (USA) LLC
  • Thomas R. Kadlec, ADM Investor Services, Inc.

IB Category

  • Michael T. Burke, HighGround Trading LLC

CPO/CTA Category

  • Ernest L. Jaffarian, Efficient Capital Management LLC
  • Martin Lueck, Aspect Capital Limited

SD/MSP/RFED Category

  • Seth P. Bender, HSBC Bank PLC
  • Charlotte B. McLaughlin, PNC Bank National Association

2021 NFA Nominating Committee

FCM Category

  • William Gerlesits, SG Americas Securities LLC

IB Category

  • Steven J. Georgy, Allendale, Inc.

CPO/CTA Category

  • James W. Slutsky, Graham Capital Management LP

SD/MSP/RFED Category

  • Ashley Belich, Royal Bank of Canada

The terms of NFA's Board of Directors and Nominating Committee members began on February 18, 2021. Board members representing contract markets serve one-year terms. All other Board members serve two-year terms. Nominating Committee members serve three-year terms.

A complete list of NFA's Board of Directors, Executive Committee, and Nominating Committee can be found on NFA's website.

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