FIA’s board of directors is in Washington this week to meet with regulators and members of Congress to press for policies that promote a fair and competitive landscape for the futures and cleared derivatives industry. On the agenda will be discussions regarding the unfair treatment of capital rules for cleared derivatives; a call for the Senate to confirm a full complement of commissioners at the CFTC; and implementing cross-border regulation that ensures open access to markets and fair competition.
In addition, the board will recognize Jerome Kemp, Managing Director and Global Head of Futures, Clearing and Collateral at Citi, as the Acting Chair following the departure from UBS of current board chair, Edward Pla.
Kemp, who has been a board member for seven years, will remain the interim board chair until the annual meeting of the board, which is scheduled to take place at FIA’s annual flagship conference in Boca Raton in March of 2019.
“The board has a full agenda, and we appreciate the regulators, members of Congress and their staffs for taking the time to understand what’s happening in the listed derivatives marketplace,” said FIA President and CEO Walt Lukken. “We thank Ed for his contribution to the board and for his significant contributions to FIA. I look forward to Jerome’s leadership as he helps steward this industry toward a path of sustained growth and smarter regulation globally.”
In March, FIA announced the new board members during the annual meeting, and the full list of the board can be found at fia.org.
Jerome Kemp biography:
Jerome Kemp, Managing Director, is Citi’s Global Head of Futures, Clearing, and Collateral, which sits within the Prime, Futures, and Securities Services Division. His Global Management Team includes regional heads in Asia/Pacific, Europe, EMEA, and the Americas, as well as Global Heads of OTC Clearing, In-Business Risk Management, Collateral Management, Operations, and Technology.
With over 30 years of industry experience gained in Paris, Tokyo and London, Jerome is a recognized leader in the global futures industry. Since 2016, Jerome has served as the Vice Chairman of FIA Global, located in Washington, D.C. He has also served on the Executive Board of FIA Europe in London and its predecessor, the Futures and Options Association. From 2009 to 2010, Jerome served on the Group Board LCH.Clearnet Ltd.
Before joining Citi in 2011, Jerome was the Global Co-Head of the Futures and Options and OTC clearing business at J.P. Morgan, where he worked for over 18 years. He received his B.A. at Brandeis University and a dual M.A./M.S. from the School of International and Public Affairs at Columbia University.