NFA announced on May 23rd that President and CEO Daniel Roth has announced his plan to retire in the coming year. NFA's Board of Directors has authorized the formation of a committee to conduct a search for his successor. The search will consider both internal and external candidates.
Mr. Roth joined NFA in September 1983 as an attorney and has held a number of positions with increasing responsibilities, including General Counsel, Executive Vice President and Chief Operating Officer. In January 2003, Mr. Roth began his tenure as President and CEO.
"I'm proud of all that NFA has achieved during my time as CEO," said Mr. Roth. "NFA is well-positioned to fulfill its expanding regulatory responsibilities in the coming years. I've been honored to spend more than 30 years working with a talented and diverse group of professionals who are dedicated to safeguarding market integrity."
"Dan has been central to the growth and success of NFA," says Michael Dawley, NFA's Board Chairman. "Identifying a strong successor who will continue our mission is one of the highest priorities of the NFA Board over the coming months. As part of our succession planning process, the Board has named a search committee made up of existing Board members and other individuals with knowledge of our markets and NFA's important regulatory role. The committee looks forward to the search process and to working closely with Dan on this important transition."
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 30 years, NFA has developed and enforced rules and programs to safeguard market integrity, protect investors and ensure Members meet their regulatory responsibilities. NFA's membership currently numbers nearly 4,000 Members and more than 54,000 associates. For more information, please visit www.nfa.futures.org.