The Board of Directors of the National Futures Association (NFA) has elected W Robert Felker, Chairman of JPMorgan Futures Inc, to serve another one-year term as Chairman and Christopher K. Hehmeyer, Non-Executive Chairman at Penson GHCO, to serve as Vice-Chairman.
In addition, the Board elected the following individuals to serve two-year terms as public directors: William N. Goetzmann, Edwin J. Beinecke Professor of Finance and Management Studies and Director, International Center for Finance, Yale School of Management; Silas Keehn (incumbent), Past President, Federal Reserve Bank of Chicago; Jim Marshall, Visiting Professor of Public and International Affairs, Princeton University; Charles P Nastro (incumbent); and Ronald S Oppenheimer, Senior Vice President and General Counsel, Vitol, Inc.
The Board also elected the following individuals to serve one-year terms on NFA’s Executive Committee: Mark G Bagan, Minneapolis Grain Exchange; Bruce L Cleland, Campbell and Company, Inc; George E. Crapple, The Millburn Corporation; Paul J. Georgy, Allendale, Inc; Douglas E. Harris, Promontory Financial Group L.L.C; Christopher K. Hehmeyer; Charles P Nastro; Todd E Petzel, Offit Capital Advisors LLC; Susan M Phillips, Former Chairman, Commodity Futures Trading Commission; and John F Sandner, CME Group Inc.
Felker and NFA President Daniel Roth also serve on the Executive Committee.
The following individuals were elected by their membership categories to serve two-year terms on the Board of Directors –
Futures Commission Merchants: Maureen C Downs, President, Rosenthal Collins Group LLC; Robert Felker; Christopher Hehmeyer and William F McCoy, Managing Director, Morgan Stanley
Introducing Brokers: John A. Vassallo, President, Coquest Incorporated
Commodity Pool Operators and Commodity Trading Advisors: Bruce L Cleland, Vice Chairman, Campbell & Company, Inc and George E Crapple, Co-Chairman and Co-Chief Executive Officer, The Millburn Corporation
The elections complete NFA’s two-year phase-in of its objective to increase public representation on its Board and Executive Committee to 35 per cent.