Belchambers to leave FOA
Anthony Belchambers is to step down as chief executive of the Futures and Options Association (FOA) after more than two decades at the helm of the organisation, which represents firms engaged in derivatives trading.
He will be succeeded by Simon Puleston Jones, who will join the FOA on March 10, 2014. Puleston Jones is currently head of European legal coverage for futures and over-the-counter (OTC) clearing at Barclays and is chair of the FOA’s Legal Working Group, where he has played a major role in the industry group’s regulatory discussions in Europe on the European Market Infrastructure Regulation (EMIR).
Belchambers will, however, remain at the FOA as a special advisor to the board. His departure comes amid one of the most intense bouts of regulatory change in the derivatives market.
The FOA itself has witnessed significant change over the last year. In June 2013, the Washington DC-based Futures Industry Association (FIA) and its affiliate FIA Asia formed a confederation of associations with the FOA under the banner FIA Global. The partnership came as the groups sought to better coordinate and align their global lobbying efforts.