Notices to Members

February 23, 2023

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.

Public Directors

Additionally at its February meeting, the Board elected the following individuals to serve as public directors:

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

Executive Committee

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

• Mark G. Bagan, Minneapolis Grain Exchange;
• Douglas L. Bry, Augur Trading Company;
• Gerald F. Corcoran, R.J. O'Brien & Associates LLC;
• Michael C. Dawley, Bluefin Partners LLC;
• Arthur W. Hahn;
• Julie Holzrichter, CME Group;
• Ernest L. Jaffarian, Efficient Capital Management LLC;
• William F. McCoy, Morgan Stanley;
• Mary M. McDonnell, McDonnell & Associates;
• Michael H. Moskow, The Chicago Council on Global Affairs;
• Ronald S. Oppenheimer;
• Scott W. Stewart, Stewart-Peterson 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 19, 2023, 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:

• 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 USA, NA
• Charlotte B. McLaughlin, PNC Capital Markets LLC

2023 NFA Nominating Committee

FCM Category:

• Melissa B. Zierk, R.J. O'Brien & Associates LLC

IB Category:

• Ilan Levy-Mayer, Cannon Trading Company

CPO/CTA Category:

• Tobias B. Hekster, True Partner Advisor Limited

SD/MSP/RFED Category:

• Thomas Salatte, Nomura Holding America Inc.

The terms of NFA's Board of Directors and Nominating Committee began on February 16, 2023.

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