On Monday, the Futures and Options Association (FOA) announced that Chief Executive Anthony Belchambers has announced he will step down to pursue other challenges in the industry. He remain as Special Advisor to the Board.
Anthony will be succeeded by Simon Puleston Jones, who joins the FOA as Chief Executive on March 10, 2014. He is currently at Barclays’ Investment Bank (previously known as Barclays Capital), overseeing European legal coverage for Futures and OTC Clearing for Barclays; Jones is one of their lead lawyers dealing with regulatory change.
He is also Chair of the FOA?s Legal Working Group and has led much of the FOA?s regulator engagement in Europe on the legal side with respect to EMIR implementation issues.
In 1993, Anthony founded the FOA with the support of a number of European exchanges, and has been at the helm during the past two decades which have seen the Association?s membership and influence grow significantly.
He said in a press release, ?I feel very privileged to have led the FOA through the establishment of a single European financial services market and, more recently, a period of unprecedented regulatory change. I am confident that the affiliation with the FIA, along with enhanced resources, the high quality of our staff and a strong value-for-money ethos means that FOA is well placed to handle the challenges of the future. I am particularly delighted that Simon will be the new FOA CEO. He will do an excellent job and I wish him well in this new role.?
FOA chairman Steve Sparke added, “On behalf of the Board and the membership, I would like to thank Anthony for the huge commitment he has shown to the FOA throughout the last twenty years. Under his stewardship, vision and with limited resources, the FOA has moved from strength to strength and has become a key part of the success and development of the listed derivatives industry. As Chairman of FOA I must also add my personal thanks to Anthony; he has been a pleasure and inspiration to work with and we wish him every success with his future endeavours.”
Simon said of his new role, ?I am delighted to be joining the FOA. Anthony has developed an outstanding legacy, which stands as a testament to his enduring passion for the industry and his professionalism over the years. In coordination with Walt Lukken and all at the FIA, I look to forward to working with Anthony in his new role, the members, the staff and the Board of the FOA to deliver my vision for the FOA to provide relevant and influential thought leadership, as the voice of the cleared derivatives industry.?