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For Immediate Release
November 25, 2019

For more information contact:
Kristen Scaletta, 312-781-7860,
Karen Wuertz, 312-781-1335,

NFA Board appoints Michael Otten as new Vice President, OTC Derivatives and promotes Nancy Bohanon to Vice President, Human Resources

November 25, Chicago—NFA's Board of Directors approved the appointments of Michael Otten as Vice President, OTC Derivatives and Nancy Bohanon as Vice President, Human Resources at its November 21, 2019 meeting.

"We are thrilled to welcome Mike to this senior position overseeing NFA's OTC Derivatives Department," says NFA's CEO and President Thomas Sexton. "With his significant regulatory experience and extensive background, Mike will be an immediate contributor to NFA's leadership team. We are fortunate that such an experienced professional with deep industry knowledge will be joining us."

At Nomura Americas, Mr. Otten was Executive Director, Global Markets Legal and played a key role planning and implementing the firm's swap dealer regulatory framework. He also has considerable CFTC experience where he served as legal counsel to three CFTC Chairmen—Walt Lukken, Reuben Jeffery and Gary Gensler—and CFTC Commissioner Jill Sommers. He has a law degree from Boston College.

"We are also extremely pleased to promote Nancy to Vice President, Human Resources," continues Sexton. "Nancy has a passion for our people and our organization and she's established NFA as a great place to work. I'm confident in her ability to continue to address our future needs and support a highly engaged workforce that is committed to our mission."

Ms. Bohanon began her human resources career over 20 years ago and has served as NFA's Managing Director, Human Resources for the last six years. She is responsible for HR policy and strategy, recruitment and talent management, employee compensation and benefits, employee relations and culture. Ms. Bohanon holds a Master's Degree in Human Resources and Industrial Relations from Loyola University.

NFA is the industrywide, self-regulatory organization for the U.S. derivatives industry, including on-exchange traded futures, retail off-exchange foreign currency (forex) and OTC derivatives (swaps). For more than 35 years, NFA has developed and enforced rules and programs to safeguard market integrity, protect investors, and ensure Members meet their regulatory responsibilities. NFA currently has nearly 3,500 Members and more than 47,000 associates. For more information, please visit

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