Industry Thought Leaders

Here is a list of industry thought leaders who have a stake in how the OTC derivatives regulatory overhaul debate plays out, and have expressed their views on the matter. 

John Avery
Partner, SunGard Consulting Services

John Avery has been a partner at SunGard Consulting Services, a unit of SunGard, for more than three years. Avery specializes in Cash, Listed Derivatives and OTC Derivatives markets for the firm.

Ian Axe
Chief Executive, LCH.Clearnet Group

Ian Axe was appointed chief executive in April 2011. He joined LCH.Clearnet from Barclays Capital, where he was global head of operations and COO EMEA.

Peter Barsoom
Chief Operating Officer, IntercontinentalExchange, Inc.

Peter Barsoom has been COO of ICE since April 2010. Before ICE, Barsoom worked for Blue Mountain Capital Management, Morgan Stanley, Merrill Lynch and American Express.

Shawn Bernardo
Managing Director, Tullett Prebon Americas Corp.

Shawn Bernardo is a Managing Director at Tullett Prebon Americas Corp. Bernardo often represents and speaks on behalf of the Wholesale Markets Brokers Association (WMBA).

Grant Biggar
President of Creditex, IntercontinentalExchange, Inc.

Grant Biggar was appointed president of Creditex in January 2010. He has over a decade of experience working within the CDS market. Before joining Creditex in 2000, Biggar ran the CDS desks for ICAP in New York and Sydney.

Thomas Book
Board Member in Charge of Clearing, Eurex

Thomas Book serves as Member of the Executive Board of Eurex Zürich AG and Eurex Frankfurt AG, where Book heads up Eurex's Clearing division. As Head of Trading and Clearing Market Development, he was in charge of market development on the cash and derivatives markets, as well as for international strategic projects.

Neal Brady was appointed CEO of Eris Exchange in July 2010. Prior to co-founding Eris Exchange, Brady was managing director of business development at CME Group. Before CME Group, he was founder and CEO of Liquidity Direct Technology, which was acquired by the CME Group in 2004.

John Burchenal
Managing Director, Omgeo

John Burchenal joined Omgeo, the global standard for post-trade efficiency, in 2005. Burchenal is currently the Managing Director of Market Growth at the firm.

In October 2010, Jamie Cawley became CEO of Javelin, an electronic trading venue for interest rate and credit default swaps backed by a consortium of dealers and private equity firms. Before Javelin, Cawley was founder of IDX Capital, a New York-based electronic trading platform for credit default swaps between dealers.

Sam Cole
Head of E-Exchange, State Street

Sam Cole joined State Street in October 2010 and is responsible for product, technology and operational activities across the e-Exchange portfolio. Cole joined State Street from BlueMountain Solutions Inc., a risk and analytics service provider, where he served as president. Prior to BlueMountain, he was a senior consultant for KcKinsey & Co.

William De Leon
Executive Vice President, Global Head of Portfolio Risk Management, PIMCO

William De Leon is the Executive Vice President of Global Head of Portfolio Risk Management at PIMCO Strategic Global Government Fund, which operates as a nondiversified and closed-end management investment company. 

Athanassios Diplas
Managing Director and Global Head, Deutsche Bank

Athanassios Diplas is a managing director and global head of the Systemic Risk Management Group. The group is in charge of the systemic risk issues and market structure initiatives in the credit derivatives market.

Mark Dixon
Chief Operating Officer, Evolution Markets

As Chief Operating Officer of Evolution Markets, Mark Dixon is responsible for developing and executing strategic business activities and managing the company’s global operations. Dixon also manages Evolution Markets’ strategic information technology and trading technology architecture, communications infrastructure, data management processes and the development of trading systems.

Craig Donahue
CEO, CME Group

Craig Donohue has served as CME Group's CEO and a member of its board since 2004. Previously, Donohue was Executive Vice President and Chief Administrative Officer. Before that, Donohue held various positions at CME Group, including Managing Director and Chief Administrative Officer; Managing Director, Business Development and Corporate/Legal Affairs. Donohue has also served as CME Group's representative on the board of BM&FBOVESPA since 2008. He has also been elected to the 2010 Board of Directors for the World Federation of Exchanges (WFE), to serve a two year term. 

Andrew Downes
Managing Director, UBS

Andrew Downes is a managing director and the Americas' chief operating officer of Fixed Income, Currencies and Commodities as well as the global chief operating officer of the Credit business at UBS and is currently based in Stamford.

 Terrence A. Duffy
Executive Chairman, CME Group

Terrence Duffy has served as executive chairman since 2006, when he became an officer of the company. Before that, he was chairman of the board since 2002 and served as vice chairman from 1998 to 2002. Before joining CME Group, Duffy was president of TDA Trading, Inc.

Chris Ferreri
Managing Director, ICAP

As managing director, Chris Ferreri is actively engaged in the derivatives reform effort. Before joining ICAP in 1984, Ferreri was a project engineer at duPont.

Peter Fisher
Vice Chairman, BlackRock

Peter Fisher is head of Blackrock's Fixed Income Management globally and is a member of BlackRock's Global Operating Committee. He served as Under Secretary of the U.S. Treasury for Domestic Finance and spent 15 years at the Federal Reserve Bank of New York.

Tony Freeman
Director of Industry Relations EMEA, Omgeo

Tony Freeman joined Omgeo, the global standard for post-trade efficiency, in 2004, overseeing industry and government relations in the EMEA region. Freeman is a member of the ISITC Europe Executive Committee, is a frequent public speaker, and has contributed to numberous financial journals.

Jeff Gooch
CEO, Markit

Jeff Gooch is the Chief Executive Officer of MarkitSERV and Executive Vice President in charge of Markit’s Portfolio Valuations group. Prior to MarkitSERV, Gooch worked as managing director and global head of fixed income operations at Morgan Stanley. While at Morgan Stanley, Gooch was also the European Chair of the ISDA Operations Committee.

Kevin Gould
President, North America, Global Head of Fixed Income and Sctructured Products, Markit

Kevin Gould is a co-founder of Markit and brings extensive experience of debt market instruments and team management. Prior to founding Markit, he was Head of European Fixed Income at TD Securities with responsibility for all primary and secondary instruments. Kevin was previously Head of Fixed Income Trading and Sales in London for CIBC Capital Markets, where he spent nine years. He holds a BSc in Mechanical Engineering from Bristol University.

Jeremy Grant
Financial Times

Jeremy Grant edits and writes for the FT Trading Room, the FT's new web offering providing a single source of intelligence for trading, exchanges, clearing, settlement, financial markets regulation and trading technology.

Simon Grensted
Managing Director, LCH.Clearnet

Simon Grensted joined the LCH. Clearnet in 1997 to design the SwapClear service. Since going live in 1999 the service has grown to include, as users, the majority of the global interbank market makers. Prior to joining LCH. Clearnet, Grensted was Director of IT and Operations at EuroBrokers, one of London’s largest brokers in emerging markets, money markets and derivative instruments.

Rob Hegarty
Global Head of Market Structure, Thomson Reuters

Rob hegarty joined Thomson Reuters in December 2010, as Global Head of Market Structure overseeing the expansion of Elektron, the firm's financial markets ecosystem that delivers content and services worldwide. Before Thomson Reuters, Hegarty was the Head of the Market Structure Group at DTCC. Prior to joining DTCC, Hegarty led the Securities & Investments and Insurance practice areas at the TowerGroup. Before joining Tower, Hegarty was Vice President of trading systems at Putnam Investments and Vice President of Technology for Fidelity Capital Markets in Boston.

James Hill
Managing Director and Global Credit Derivatives Officer, Morgan Stanley

James Hill is the Fixed Managing Director and Global Credit Derivatives Officer at Morgan Stanley, where he focuses on fixed income derivatives structuring and trading, as well as credit derivatives and structured corporate credit products. Hill often speaks and testifies on behalf of the Securities Industry and Financial Markets Association (SIFMA).

Billy Hult
President, Head of U.S. Operations, Tradeweb

Billy Hult is the President of Tradeweb and Head of U.S. Operations for the company. Hult is a key figure full article in the online markets, and has been responsible for originating and growing many of Tradeweb's global markets, including the highly successful TBA-Mortgage platform. In 2007, he was instrumental in working with the dealers and Thomson Reuters to create a historic partnership to grow online trading. In 2008, Hult took responsibility for Tradeweb's inter-dealer business, following the acquisition of Hilliard Farber, a boutique brokerage.

Ray Kahn
Managing Director, Barclays Capital

Ray Kahn is Managing Director of Barclays Capital and global head of counterparty risk management for the bank. Before joining Barclays, he was global head of loan portfolio hedging and risk management at Lehman Brothers.

Elizabeth King
Getco

Elizabeth K. King works on Getco's legal team helping to navigate regulatory and compliance issues for the company. Before Getco in 2010, she was associate director in the Division of Market Regulation at the US Securities and Exchange Commission, where she worked since 1993. At the SEC, she oversaw the division's regulation of the exchange-listed options industry as well as other derivatives. She was also in charge of directing the SEC's policy on regulating OTC derivatives.

Bradford Levy is a managing director in the Principal Strategic Investments Group. This group is responsible for the strategy and implementation of market structure-related initiatives and strategic investments across all product areas within the Securities Division. Before joining the group in 2000, Brad spent six years in the Municipal Bond Department. He joined Goldman Sachs in 1994 and was named managing director in 2005.

Roger Liddell
Group CEO, LCH.Clearnet

Roger Liddell is Group Chief Executive of LCH.Clearnet. From 2000 to 2005, Liddell was a Director of Euroclear Plc. Prior to that, Liddell worked for Goldman Sachs, where he became Managing Director in 1998 and then Head of Global Operations in 2000. He was responsible for all businesses including equities, fixed income, foreign exchange, derivatives, commodities, asset management, prime brokerage and private wealth management.

Ted MacDonald, Ph.D. is a managing director of D.E. Shaw & Co., LP and the treasurer of the D.E. Shaw group, where he is responsible for the financing of the firm's portfolios, management of cash and liquidity, supervision of banking and brokerage relationships, and implementation of new businesses.

Lynn Martin
COO, NYSE Liffe

Lynn Martin is the Chief Operating Officer (COO) of NYSE Liffe U.S. Martin is also the SVP at NYSE Euronext.

Jack McCabe is co-head of the Futures and Electronic Trading businesses at Goldman Sachs. He joined Goldman Sachs as a trader on the Chicago Board of Trade in 1991 and transferred to Equity Derivative Sales in New York in 1992. Mr. McCabe became co-head of Equity Derivative Sales in 1999 and managed the sales efforts related to options, futures, structured products and swaps. In 2008, Mr. McCabe became co-head of the Goldman Sachs Electronic Trading business (GSET) in the United States.

Rick McVey
CEO, MarketAxess

Richard M. McVey, has been Chief Executive Officer and Chairman of our Board of Directors since our inception. As an employee of J.P. Morgan & Co., one of our founding broker-dealers, McVey was instrumental in the founding of MarketAxess in April 2000. Prior to founding MarketAxess, McVey was Managing Director and Head of North America Fixed Income Sales at JPMorgan, where he managed the institutional distribution of fixed-income securities to investors, from 1996 until April 2000.

Susan Milligan
Senior Vice President, Government Relations and Communications, Options Clearing Corporation (OCC)

Susan Milligan is Senior Vice President, Government Relations and Communications, at The Options Clearing Corporation, and serves as the Executive Director of The Options Industry Council (OIC). Prior to joining Options Clearing Corporation in May 2001, she served as Council, Government Relations, at the New York Stock Exchange.

William H. Navin
Executive Vice President and General Counsel, OCC

William H. Navin is an Executive Vice President, General Counsel and Chief Legal Officer of The Options Clearing Corporation (OCC). Navin joined OCC in July 1999. Prior to that, he was a partner at Schiff Hardin & Waite from 1975-1999 and an associate from 1972 to 1975. He was a law clerk for the Hon. George N. Beamer (U.S. District Court, Northern District of Indiana) from 1969 to 1972.

Duncan Niederauer
CEO, NYSE Euronext

Duncan Niederauer was appointed Chief Executive Officer and Director of NYSE Euronext on December 1, 2007, after joining NYSE Euronext in April 2007 as a member of the management committee. Niederauer also serves on the boards of NYSE Group and Euronext. Niederauer was previously a partner at The Goldman Sachs Group, Inc.

Garry O'Connor
CEO, International Derivatives Clearing Group

Prior to joining IDCG, Garry O'Connor spent seventeen years in the Investment Banking industry, pricing and managing interest rate derivative portfolios. He has held senior positions in Sydney, Tokyo, Hong Kong and New York with Bankers Trust and then Merrill Lynch.

Jiro Okochi
Chief Executive Officer and Co-Founder, Reval

In 1999, after holding senior positions in derivatives sales at major global banks, Jiro Okochi founded Reval with the goal to provide corporate end users with a  technological solution to effectively assess, measure, document, and account for derivatives. After 23 years of experience in finance and technology, Okochi continues to serve the community as a thought leader. He is a member of the Global Markets Advisory Committee to the U.S. Commodity Futures Trading Commission and was named one of the 100 Most Influential People in Finance by Treasury & Risk magazine for a third time since 2003.

Lee Olesky
Chief Executive Officer, Tradeweb

Lee Olesky has been Chief Executive Officer of Tradeweb LLC since September 2008. He Co-founded Tradeweb and focused on growing the company internationally and driving expansion into the derivatives markets for six years. Olesky has more than two decades of experience in the global fixed income markets.

James Parascandola
Head of Credit Derivative Trading, MF Global

 James Parascandola Joined MF Global in 2009 as head of credit derivative trading. Before MF Global, Parascandola was head of credit derivative evaluations at Moody's, senior director at DerivativeFitch and held positions at Barclays Capital, Banka Commerciale Italiana and Lehman Brothers.

Laurent Paulhac
Managing Director, OTC Products & Services, CME Group

 Laurent Paulhac has served as Managing Director OTC Products & Services, CME Group since 2009. Prior to joining CME Group, he was the Chief Executive Officer of CMA, a provider of credit derivatives market data, which was acquired by CME Group in 2008.

Richard Prager
Managing Director, BlackRock

 Richard Prager joined BlackRock in September 2008 as global head of fixed income trading. Before BlackRock, Prager was a managing director at Bank of America, Gen Re and ING.

Robin Ross
Managing Director, CME Group

Robin Ross was named Managing Director of Interest Rate Products at exchange operator CME Group in 2005. Ross joined the firm from Cantor Fitzgerald & Company, where she served as Managing Director of the Chicago Futures Division.

David Rutter
Chief Executive Officer, ICAP Electronic Brokering, ICAP North America

David Rutter has been the Deputy Chief Executive Officer of ICAP Electronic Brokering since 2003. Prior to joining ICAP Electronic Brokering, he served as Global Chief Executive Officer of Prebon Energy and Managing Director of the Americas unit. 

Tony Scianna
EVP Product Management, SunGard

Tony Scianna is executive vice president, product management and marketing for SunGard’s Brokerage and Clearance business. Prior to joining SunGard, Scianna was the chief operating officer of Refco Securities. During his more than 25 years in the financial services industry, he has held positions at Hornblower, Weeks, Hemphill & Noyes, Loeb Rhodes and Spear, Leeds & Kellogg.

Peter Shapiro
Managing Director, Swap Financial Group 

In 1988, Peter Shapiro founded Swap Financial Group and became the groups Managing Director, handling the firm’s senior client relationships, including major state agencies. Early in his career, Shapiro began structuring tax-exempt swaps, caps, floors and collars, prior to establishment of the SIFMA/BMA Index. Shapiro previously held positions at Euro Brokers as the Senior Vice President, as well as Vice President and Department Head of Citibank.  With 20 years experience as a senior financial markets professional specializing in public finance and financial derivatives products, Shapiro has solidified himself as a major player in the financial service industry.

Johnathan Short
Senior Vice President, General Counsel and Corporate Secretary, IntercontinentalExchange (ICE)

Johnathan Short is the Senior Vice President, General Counsel and Corporate Secretary of IntercontinentalExchange (ICE). Short oversees ICE's legal and government affairs, as well as corporate governance matters.

Heather Slavkin
Senior Legal and Policy Advisor, Office of Investment, AFL-CIO

Heather Slavkin is a Senior Legal and Policy Advisor in the Office of Investment at American Federation of Labor and Congress of Industrial Organizations (AFL-CIO), a national trade union center. AFL-CIO is the largest federation of unions in the United States, made up of 56 national and international unions, together representing more than 11 million workers.

Michael Spencer
CEO, ICAP

Michael Spencer is Group Chief Executive Officer. He was the founder of Intercapital in 1986 and became Chairman and Chief Executive of Intercapital in October 1998, following the Exco/Intercapital merger. Spencer, together with IPGL and its subsidiary companies, is a substantial shareholder in the Company. Spencer stepped down from his role as Treasurer of the Conservative Party in October 2010.

Jeffrey C. Sprecher
Chairman and CEO, IntercontinentalExchange (ICE)

Jeffrey C. Sprecher is the founder of IntercontinentalExchange (ICE) Inc. In addition, Sprecher is the Chairman and CEO of ICE Clear U.S.

Bill Stenning
Managing Director of Business Development, Depository Trust & Clearing Corporation (DTCC)

Bill Stenning is the vice president for Business development at the Depository Trust & Clearing Corporation (DTCC). Stenning regulates DTCC's OTC derivatives business development efforts in Europe. Most recently, Stenning was the managing director, Trading & Risk Systems, responsible for trading products, primarily in the back office at Sungard.

Philip Weisberg
Chief Executive Officer, FXall

Philip Weisberg was one of the key people responsible for launching FXall. As CEO, Weisberg remains the driving force behind the entire business strategy by testing latest technology improvements and working with customers one on one. Prior to FXall, Weisberg served as Managing Director at LabMorgan, JP Morgan Chase & Co’s eFinance incubator and held various roles in derivatives trading in New York and London. Highlighting Weisbergs’ role as an executive of a top financial institution, in 2007 he was featured in Institutional Investor Magazine’s “Online Finance 30” for the seventh consecutive year.

Kimberly S. Taylor
Managing Director and President of Clearing House Division, CME Group

Kimberly Taylor serves as Managing Director and President of CME Group’s Clearing House Division. Since Taylor was appointed to this position on CME's Management Team in 2004, she has been responsible for overseeing the exchange's Clearing House operations.