FIA Asia pleased to announce the appointment of Bill Herder as executive director. Bill is based in Singapore and will be responsible for expanding the group’s membership, strengthening its activities in the Asia-Pacific region, and furthering its relationships with exchanges and industry regulators. Nick Ronalds, who has led the organization since 2007, will stay on as a senior advisor to FIA Asia, focusing in particular on the association’s activities in China. FIA Asia also announced plans to establish an office in Singapore to provide the association with an on-the-ground presence in the region. FIA Asia expects the office to be operational during the second quarter of 2012.
Bill has 20 years experience in the listed derivatives industry, most recently as the regional head of operations-Asia Pacific for ICAP. Earlier in his career, he served in front, middle and back office management positions at various trading firms and software vendors including Trading Technologies, SunGard Futures Systems and BNP Securities (USA) Inc. Bill has extensive experience in the futures and options business and has been a key participant in the development of processes and systems for the electronic trading and clearing of exchange traded derivatives. He and his family have resided in Singapore since 2007. He received an M.B.A. in Finance and Economics from University of Rochester.
“We are delighted to welcome Bill as the head of the organization,” said Paul Davies, managing director at Goldman Sachs and chairman of FIA Asia. “Nick has done a fantastic job in building the organization, and we have now reached the point where a permanent presence in Singapore is necessary to take organization to the next level. With the rapid growth of derivatives trading and clearing in this part of the world, coupled with the important changes to the regulatory environment, FIA Asia is more important than ever in representing our membership and providing direction and best practice.”
FIA Asia was established in 2005 and currently has 45 members. FIA Asia’s mission is to be the regional thought leader, advocate and educator for centrally cleared derivatives. FIA Asia is affiliated with the Futures Industry Association, a non-profit trade association based in Washington, D.C. The FIA’s membership includes the leading international futures commission merchants as well as derivatives exchanges and clearing organizations from around the world.
For more information about FIA Asia, visit our website at: http://www.fiaasia.org/default.asp
