Nandini Sukumar

Chief Executive Officer The World Federation of Exchanges

Nandini Sukumar is the Chief Executive Officer of the World Federation of Exchanges, the global association for exchanges and CCPs. The WFE represents more than 250 exchanges and clearing houses globally, educating stakeholders on the vital role played by market infrastructures in the real economy and as a standard setter, finding the consensus on issues among the global membership. Of its members, 37% are in Asia-Pacific, 43% in EMEA and 20% in the Americas. WFE exchanges are home to 59,400 listed companies, and the market capitalisation of these entities is over $122.94 trillion; around $162.04 trillion (EOB) in trading annually passes through WFE members (at end 2021). WFE’s 57 member CCPs collectively ensure that risk takers post some $1 trillion (equivalent) of resources to back their positions, in the form of initial margin and default fund requirements. Ms. Sukumar is Vice Chair of IOSCO’s Affiliate Members Consultative Committee and Chair of the AMCC’s Sustainability Taskforce.

Pedro Gurrola-Perez

Head of Research The World Federation of Exchanges

Pedro joined the World Federation of Exchanges in October 2019 from the Bank of England, where he led the Financial Market Infrastructures Directorate’s Research Team. He had joined the Bank of England in 2013,  after two years at the UK Financial Services Authority. Previously, Pedro spent more than 15 years lecturing and doing research at a range of well-regarded academic institutions, including the University of Barcelona and the Instituto Tecnológico Autónomo de México (ITAM).

Pedro holds two PhDs: one from the University of Barcelona, Spain, and one from the University of Montpellier, France, and has published across key academic journals, including the Journal of Financial Market Infrastructures, the Journal of Risk, International Finance and the Journal of Futures Markets. His recent work includes research on the economics of distributed ledger technologies (DLT) for securities settlement,  on the network structure of settlement fails and on market liquidity risk in CCPs. He has also published research on payment systems, back-testing methodologies and on the structure of interest rate futures markets. In  2007 he received the National Award on Derivatives Research, awarded by the Mexican Derivatives Exchange (MexDer).

Dr. Alicia Greenwood

Chief Executive Officer, JSE Clear, and Director of Post Trade Services Johannesburg Stock Exchange

Alicia joined the JSE in February 2016, as Director of the Post Trade Services division, and is responsible for risk management, clearing and guaranteeing the settlement of central order book equity and bond transactions. Alicia is also the CEO of JSE Clear, the central counterparty clearing house (CCP) for listed derivatives in the equities, interest rate, foreign exchange and commodities markets.

Alicia’s business career spans more than 20 years working in management consulting, investment banking and capital markets. Her experience has been acquired at some of South Africa’s leading companies in these fields, including Accenture, Discovery, Standard Bank and the JSE. Alicia has worked extensively in strategy development, risk management, capital management, and clearing and settlement, both in South Africa and across numerous African countries. She has experience in portfolio optimisation and regulatory transformation, and has overseen large-scale business and IT projects, and joint ventures.

Alicia holds a PhD in Chemistry from the University of Cape Town, having majored in Chemistry and Mathematics, and is published in various scientific journals.

Phuthuma Nhleko

Chairman Johannesburg Stock Exchange

Phuthuma Nhleko is JSE Chairman, and former CEO of the MTN Group, an Africa-focused holding group involved primarily in the operation of GSM cellular telephone networks, and 6th largest company listed on the JSE.

He is also Chairman and the founding member of Worldwide African Investment Holdings, an investment holding company with interests in the petroleum, telecommunications and information technology industries, as well as Chairman of Afrisam South Africa (Pty) Ltd, Phembani Remgro Infrastructure Fund,Phembani Group (Pty) Limited and Blue Falcon 179 Trading (Pty) Limited 

His academic qualifications include a BSc in civil engineering from Ohio State University and an MBA in finance from Atlanta University.

Nandini Sukumar

Chief Executive Officer The World Federation of Exchanges

Nandini Sukumar is the Chief Executive Officer of the World Federation of Exchanges, the global association for exchanges and CCPs. The WFE represents more than 250 exchanges and clearing houses globally, educating stakeholders on the vital role played by market infrastructures in the real economy and as a standard setter, finding the consensus on issues among the global membership. Of its members, 37% are in Asia-Pacific, 43% in EMEA and 20% in the Americas. WFE exchanges are home to 59,400 listed companies, and the market capitalisation of these entities is over $122.94 trillion; around $162.04 trillion (EOB) in trading annually passes through WFE members (at end 2021). WFE’s 57 member CCPs collectively ensure that risk takers post some $1 trillion (equivalent) of resources to back their positions, in the form of initial margin and default fund requirements. Ms. Sukumar is Vice Chair of IOSCO’s Affiliate Members Consultative Committee and Chair of the AMCC’s Sustainability Taskforce.

Vikram Kothari

Managing Director, NSE Clearing (NSCCL) National Stock Exchange of India

Mr. Vikram Kothari has worked in areas of product development, operations, risk management, sales in the stock exchange, custody, clearing and banking space for more than 20 years.

Prior to his current role as Managing Director of NSE Clearing Limited (formerly known as National Securities Clearing Corporation Limited (NSCCL)) in India, he worked with organizations like JP Morgan Chase, HSBC, and NSE in various capacities. He joined NSE Clearing Limited in November 2017.

He is a graduate from Mumbai University and a Member of the Institute of Chartered Accountants of India.

John McPartland

Senior Advisor Hidden Road Partners LP

Froukelien Wendt

Independent Member of the CCP Supervisory Committee and Director for CCPs The European Securities and Markets Authority (ESMA)

Froukelien Wendt is an Independent Member of the CCP Supervisory Committee at the European Securities and Markets Authority (ESMA). In this role, she is responsible for the supervision of third country CCPs and convergence in the supervision of EU CCPs, including CCP stress tests. Previously, she worked at the IMF and led missions in the area of CCPs, central securities depositories and payment systems in the context of IMF Financial Sector Assessment Program (FSAP) and Technical Assistance projects. She also worked at the World Bank as a Senior Securities Settlement Expert and at De Nederlandsche Bank, where she was responsible for oversight of payment and securities settlement systems, and CCPs. Froukelien started her career at Euronext N.V., where she worked in the strategy and cash market development departments. She holds a master in Economics from the RijksUniversiteit Groningen, and a master in Financial and Investment Analysis from the Universiteit van Amsterdam.

Dr. Alicia Greenwood

Chief Executive Officer, JSE Clear, and Director of Post Trade Services Johannesburg Stock Exchange

Alicia joined the JSE in February 2016, as Director of the Post Trade Services division, and is responsible for risk management, clearing and guaranteeing the settlement of central order book equity and bond transactions. Alicia is also the CEO of JSE Clear, the central counterparty clearing house (CCP) for listed derivatives in the equities, interest rate, foreign exchange and commodities markets.

Alicia’s business career spans more than 20 years working in management consulting, investment banking and capital markets. Her experience has been acquired at some of South Africa’s leading companies in these fields, including Accenture, Discovery, Standard Bank and the JSE. Alicia has worked extensively in strategy development, risk management, capital management, and clearing and settlement, both in South Africa and across numerous African countries. She has experience in portfolio optimisation and regulatory transformation, and has overseen large-scale business and IT projects, and joint ventures.

Alicia holds a PhD in Chemistry from the University of Cape Town, having majored in Chemistry and Mathematics, and is published in various scientific journals.

Tinuade Awe

Chief Executive Officer NGX RegCo

Robert Steigerwald

Senior Policy Advisor Federal Reserve Bank of Chicago

Robert Steigerwald is a senior policy advisor in the financial markets group at the Federal Reserve Bank of Chicago, where his work focuses upon public policy issues relating to financial market regulation and payment, clearing and settlement infrastructures.

Steigerwald began his legal career with Kirkland & Ellis, an international law firm based in Chicago, where he represented clients including the Board of Trade of the City of Chicago, the Board of Trade Clearing Corporation and National Futures Association. He later served as legal counsel for a clearinghouse for foreign currency transactions and was instrumental in developing the global multicurrency settlement system for foreign exchange before joining the Chicago Fed in 2000.

He currently represents the Federal Reserve Bank of Chicago as a member of the U.S. Commodity Futures Trading Commission’s Market Risk Advisory Committee and has participated in the work of the Over the Counter Derivatives Regulators’ Forum, an international forum for information sharing and regulatory cooperation among central banks, prudential supervisors and securities and markets regulators.

Steigerwald is a graduate of the State University of New York at Stony Brook with a B.A. and University of San Francisco School of Law, J.D., cum laude.

Louis Cockeran

Legal Counsel Johannesburg Stock Exchange

Louis holds a BA in Law, an LLB LLM in Securities Law. He has been admitted as attorney notary and conveyancer of the High Court of South Africa, and practiced as an attorney from 1993–2000, specialising in commercial litigation and financial markets law.

Louis was previously Legal Counsel at the South African Futures Exchange, drafting the rules of the exchange and contract specifications of listed derivative contracts, while dealing with all legal and other disputes on the exchange.

When JSE and Safex merged in 2001, Louis was appointed as Legal Counsel to the JSE. He is responsible for all legal and regulatory matters on the JSE’s equities, bond and derivative markets.

Pedro Gurrola-Perez

Head of Research The World Federation of Exchanges

Pedro joined the World Federation of Exchanges in October 2019 from the Bank of England, where he led the Financial Market Infrastructures Directorate’s Research Team. He had joined the Bank of England in 2013,  after two years at the UK Financial Services Authority. Previously, Pedro spent more than 15 years lecturing and doing research at a range of well-regarded academic institutions, including the University of Barcelona and the Instituto Tecnológico Autónomo de México (ITAM).

Pedro holds two PhDs: one from the University of Barcelona, Spain, and one from the University of Montpellier, France, and has published across key academic journals, including the Journal of Financial Market Infrastructures, the Journal of Risk, International Finance and the Journal of Futures Markets. His recent work includes research on the economics of distributed ledger technologies (DLT) for securities settlement,  on the network structure of settlement fails and on market liquidity risk in CCPs. He has also published research on payment systems, back-testing methodologies and on the structure of interest rate futures markets. In  2007 he received the National Award on Derivatives Research, awarded by the Mexican Derivatives Exchange (MexDer).

Prof. David Murphy

Visiting Professor, Department of Law  London School of Economics (LSE)

David Murphy is a visiting professor in practice in the Law School at the London School of Economic and Political Science.  He is a leading expert on derivatives regulation, central clearing, and prudential policy, having published extensively in these areas, and worked in both bank and central counterparty policy at national and international levels.

Dmitrij Senko

Member of the Executive Board and Chief Risk Officer Eurex Clearing AG

Dmitrij Senko is a Member of the Executive Board and Chief Risk Officer of Eurex Clearing AG. He took on this role in 2019, following 9 years in previous positions at Eurex Clearing. He was one of the main architects of Eurex Clearing’s industry-leading risk engine Prisma back in 2011–2012, and he led the Risk stream in the Eurex Clearing EMIR authorisation project in 2013. Dmitrij has been part of the project team building up the clearing house in Singapore since 2014 and held the role of Chief Risk Officer of Eurex Asia from July 2015 until February 2018. From 2013, Dmitrij was Head of Risk Analytics and Model Validation in the Risk Department of Eurex Clearing. 

Prior to joining Eurex Clearing, Dmitrij worked for Accenture Management Consulting in different roles supporting clients in the banking industry on a range of topics in risk management, regulation and technology. He holds an Executive MBA degree from the London Business School and a PhD in physical-mathematical science from Belarus State University.

Richard Metcalfe

Head of Regulatory Affairs The World Federation of Exchanges

Richard Metcalfe is Head of Regulatory Affairs at the World Federation of Exchanges (WFE). Before taking up his WFE post in March 2018, he worked on MiFID implementation at the Markets Division of BNY Mellon in London. He also has extensive experience in wholesale financial services and policy issues, with particular emphasis on derivatives and central clearing; and on asset management. In addition to working at ISDA and the IA, he has worked for SWIFT. 

Earlier in his career, he wrote for and edited various financial publications. He lives in London and studied languages at university. 

Summer Mersinger

Commissioner Commodity Futures Trading Commission (CFTC)

Summer K. Mersinger was nominated by President Biden to serve as a Commissioner of the Commodity Futures Trading Commission and was unanimously confirmed by the Senate. She was sworn into office on March 30, 2022. 

Prior to her appointment, Ms. Mersinger served as the Chief of Staff to CFTC Commissioner Dawn D. Stump.  She also served as the Director of the Office of Legislative and Intergovernmental Affairs at the Commodity Futures Trading Commission under former Chairman Heath Tarbert. 

Ms. Mersinger has 20 years of Capitol Hill and government relations experience. Prior to joining the CFTC, she was Senior Vice President at Smith-Free Group, a leading government affairs practice, where she worked on financial services issues including advocating for large fintech organizations. 

From 2004 to 2016, Ms. Mersinger was a top aide to current Senate Minority Whip John Thune, who represents her home state of South Dakota. Most recently she served as his DC Chief of Staff, coordinating legislative activities for Sen. Thune’s team and working regularly with Senate leadership and senior staff on both sides of the aisle. Ms. Mersinger was instrumental during policy debates involving banking, finance, telecommunications, surface transportation, agriculture, and trade issues. Ms. Mersinger was also directly involved in the communications efforts spearheaded by Sen. Thune through his leadership post on the Senate Republican Conference. 

Prior to joining Sen. Thune’s staff, Ms. Mersinger was a director of government relations at Arent Fox, and she also worked in Sen. Thune’s office while he was a member of the U.S. House of Representatives from 1999 to 2002. Summer completed her undergraduate degree from the University of Minnesota and her law degree from the Catholic University’s Columbus School of law. She is a proud mother of four children, two daughters and two sons, and resides in Northern Virginia with her husband.

Anne Clayton

Head of Public Policy & Regulatory Affairs Johannesburg Stock Exchange

Anne Clayton is the Group Head of Public Policy and Regulatory Affairs for the JSE.  During her career, which spans a period of nearly 40 years, Anne has held executive positions in stockbroking firms, asset managers and international investment banks. Anne joined the JSE from Barclays Africa Group where she served as the Head of Regulatory Relations for Africa and, previously as the Head of Regulatory Strategy for Barclays Africa Corporate and Investment Bank.  Before joining the Barclays Africa Group, Anne held a senior position in the Market Regulation division of the JSE. 

Anne's vast experience translates into a wide range of skills ranging from a depth of knowledge of financial markets to regulatory advocacy. Anne is recognised by regulators and peers as an expert on financial market infrastructures and the related regulatory environment.  Anne is a member of the Policy Expert Working Group of the World Federation of Exchanges (WFE) and is the Chair of the WFE Emerging Markets Working Group.  Anne is the JSE representative on the Committee of SADC Stock Exchanges and has served on the Board of African Securities Exchanges Association (ASEA) and chaired both the ASEA Policy & Regulatory working Group and the Capacity Building Working Group.

Astrid Ludin

Deputy Commissioner Financial Sector Conduct Authority (FSCA)

Astrid Ludin assumed her duties as Deputy Commissioner on 1 June 2021. She has amassed vast experience in the public sector, including the Competition Commission where she was Divisional Manager for Compliance, and later Deputy Commissioner. 

At the Department of Trade and Industry (DTI) she served as Deputy Director-General for Consumer and Corporate Regulation; and went on to serve as Commissioner of the Companies and Intellectual Property Commission (CIPC). Astrid was a Senior Advisor of the Prudential Authority at the South African Reserve Bank (SARB) before joining the FSCA.

Nandini Sukumar

Chief Executive Officer The World Federation of Exchanges

Nandini Sukumar is the Chief Executive Officer of the World Federation of Exchanges, the global association for exchanges and CCPs. The WFE represents more than 250 exchanges and clearing houses globally, educating stakeholders on the vital role played by market infrastructures in the real economy and as a standard setter, finding the consensus on issues among the global membership. Of its members, 37% are in Asia-Pacific, 43% in EMEA and 20% in the Americas. WFE exchanges are home to 59,400 listed companies, and the market capitalisation of these entities is over $122.94 trillion; around $162.04 trillion (EOB) in trading annually passes through WFE members (at end 2021). WFE’s 57 member CCPs collectively ensure that risk takers post some $1 trillion (equivalent) of resources to back their positions, in the form of initial margin and default fund requirements. Ms. Sukumar is Vice Chair of IOSCO’s Affiliate Members Consultative Committee and Chair of the AMCC’s Sustainability Taskforce.

Pedro Gurrola-Perez

Head of Research The World Federation of Exchanges

Pedro joined the World Federation of Exchanges in October 2019 from the Bank of England, where he led the Financial Market Infrastructures Directorate’s Research Team. He had joined the Bank of England in 2013,  after two years at the UK Financial Services Authority. Previously, Pedro spent more than 15 years lecturing and doing research at a range of well-regarded academic institutions, including the University of Barcelona and the Instituto Tecnológico Autónomo de México (ITAM).

Pedro holds two PhDs: one from the University of Barcelona, Spain, and one from the University of Montpellier, France, and has published across key academic journals, including the Journal of Financial Market Infrastructures, the Journal of Risk, International Finance and the Journal of Futures Markets. His recent work includes research on the economics of distributed ledger technologies (DLT) for securities settlement,  on the network structure of settlement fails and on market liquidity risk in CCPs. He has also published research on payment systems, back-testing methodologies and on the structure of interest rate futures markets. In  2007 he received the National Award on Derivatives Research, awarded by the Mexican Derivatives Exchange (MexDer).

Dr. Alicia Greenwood

Chief Executive Officer, JSE Clear, and Director of Post Trade Services Johannesburg Stock Exchange

Alicia joined the JSE in February 2016, as Director of the Post Trade Services division, and is responsible for risk management, clearing and guaranteeing the settlement of central order book equity and bond transactions. Alicia is also the CEO of JSE Clear, the central counterparty clearing house (CCP) for listed derivatives in the equities, interest rate, foreign exchange and commodities markets.

Alicia’s business career spans more than 20 years working in management consulting, investment banking and capital markets. Her experience has been acquired at some of South Africa’s leading companies in these fields, including Accenture, Discovery, Standard Bank and the JSE. Alicia has worked extensively in strategy development, risk management, capital management, and clearing and settlement, both in South Africa and across numerous African countries. She has experience in portfolio optimisation and regulatory transformation, and has overseen large-scale business and IT projects, and joint ventures.

Alicia holds a PhD in Chemistry from the University of Cape Town, having majored in Chemistry and Mathematics, and is published in various scientific journals.

Summer Mersinger

Commissioner Commodity Futures Trading Commission (CFTC)

Summer K. Mersinger was nominated by President Biden to serve as a Commissioner of the Commodity Futures Trading Commission and was unanimously confirmed by the Senate. She was sworn into office on March 30, 2022. 

Prior to her appointment, Ms. Mersinger served as the Chief of Staff to CFTC Commissioner Dawn D. Stump.  She also served as the Director of the Office of Legislative and Intergovernmental Affairs at the Commodity Futures Trading Commission under former Chairman Heath Tarbert. 

Ms. Mersinger has 20 years of Capitol Hill and government relations experience. Prior to joining the CFTC, she was Senior Vice President at Smith-Free Group, a leading government affairs practice, where she worked on financial services issues including advocating for large fintech organizations. 

From 2004 to 2016, Ms. Mersinger was a top aide to current Senate Minority Whip John Thune, who represents her home state of South Dakota. Most recently she served as his DC Chief of Staff, coordinating legislative activities for Sen. Thune’s team and working regularly with Senate leadership and senior staff on both sides of the aisle. Ms. Mersinger was instrumental during policy debates involving banking, finance, telecommunications, surface transportation, agriculture, and trade issues. Ms. Mersinger was also directly involved in the communications efforts spearheaded by Sen. Thune through his leadership post on the Senate Republican Conference. 

Prior to joining Sen. Thune’s staff, Ms. Mersinger was a director of government relations at Arent Fox, and she also worked in Sen. Thune’s office while he was a member of the U.S. House of Representatives from 1999 to 2002. Summer completed her undergraduate degree from the University of Minnesota and her law degree from the Catholic University’s Columbus School of law. She is a proud mother of four children, two daughters and two sons, and resides in Northern Virginia with her husband.

Nandini Sukumar

Chief Executive Officer The World Federation of Exchanges

Nandini Sukumar is the Chief Executive Officer of the World Federation of Exchanges, the global association for exchanges and CCPs. The WFE represents more than 250 exchanges and clearing houses globally, educating stakeholders on the vital role played by market infrastructures in the real economy and as a standard setter, finding the consensus on issues among the global membership. Of its members, 37% are in Asia-Pacific, 43% in EMEA and 20% in the Americas. WFE exchanges are home to 59,400 listed companies, and the market capitalisation of these entities is over $122.94 trillion; around $162.04 trillion (EOB) in trading annually passes through WFE members (at end 2021). WFE’s 57 member CCPs collectively ensure that risk takers post some $1 trillion (equivalent) of resources to back their positions, in the form of initial margin and default fund requirements. Ms. Sukumar is Vice Chair of IOSCO’s Affiliate Members Consultative Committee and Chair of the AMCC’s Sustainability Taskforce.

Summer Mersinger

Commissioner Commodity Futures Trading Commission (CFTC)

Summer K. Mersinger was nominated by President Biden to serve as a Commissioner of the Commodity Futures Trading Commission and was unanimously confirmed by the Senate. She was sworn into office on March 30, 2022. 

Prior to her appointment, Ms. Mersinger served as the Chief of Staff to CFTC Commissioner Dawn D. Stump.  She also served as the Director of the Office of Legislative and Intergovernmental Affairs at the Commodity Futures Trading Commission under former Chairman Heath Tarbert. 

Ms. Mersinger has 20 years of Capitol Hill and government relations experience. Prior to joining the CFTC, she was Senior Vice President at Smith-Free Group, a leading government affairs practice, where she worked on financial services issues including advocating for large fintech organizations. 

From 2004 to 2016, Ms. Mersinger was a top aide to current Senate Minority Whip John Thune, who represents her home state of South Dakota. Most recently she served as his DC Chief of Staff, coordinating legislative activities for Sen. Thune’s team and working regularly with Senate leadership and senior staff on both sides of the aisle. Ms. Mersinger was instrumental during policy debates involving banking, finance, telecommunications, surface transportation, agriculture, and trade issues. Ms. Mersinger was also directly involved in the communications efforts spearheaded by Sen. Thune through his leadership post on the Senate Republican Conference. 

Prior to joining Sen. Thune’s staff, Ms. Mersinger was a director of government relations at Arent Fox, and she also worked in Sen. Thune’s office while he was a member of the U.S. House of Representatives from 1999 to 2002. Summer completed her undergraduate degree from the University of Minnesota and her law degree from the Catholic University’s Columbus School of law. She is a proud mother of four children, two daughters and two sons, and resides in Northern Virginia with her husband.

Yuji Yamashita

Deputy Commissioner for International Affairs Japan’s Financial Services Agency (JFSA)

Yuji Yamashita is currently the Deputy Commissioner for International Affairs at Japan’s Financial Services Agency (JFSA).

He plays leading roles in various global financial fora, including chairmanship of Joint Committee of APEC’s Asian Regional Fund Passport (ARFP) and Committee of Evaluation of Standards of Legal Entity Identifiers (LEI) at Regulatory Oversight Committee (ROC).

In addition, he is a member of IOSCO Fintech TF Steering Committee, CPMI-IOSCO-BCBS Senior Group on Margin, G20-OECD TF on Consumer Protection and FinCoNet. He is also engaged in international dialogues on Insurances.

Mr. Yamashita started his career at the Bank of Japan (BoJ) in 1993.

He has been engaged in various monetary and prudential policy functions. He also worked at International Accounting Standards Board (IASB) as a project manager to develop accounting standards for Financial Instruments. Before the current position, he was the Chief Representative in Paris of BoJ.

Mr. Yamashita has a bachelor’s degree in Economics from University of Tokyo and Master’s degree of Public Financial Policy from London School of Economics (LSE). 

Laura Bayley

Head of Clearing Services and CEO SIX x-clear AG

Laura Bayley is originally a lawyer and has extensive experience in regulatory topics and projects related to financial market infrastructures. She has worked at SIX since 2016 and at SIX x-clear since 2020. As responsible for regulatory and strategic topics within SIX x-clear she has gained insights into the functioning of the clearing market and has been heavily involved in various integration projects between SIX x-clear and BME Clearing.

On 01 May 2022, Laura took over the management of SIX x-clear at a legal entity level and continues to be responsible for regulatory and governance topics across BME and SIX on a functional level within the area of clearing. She is also a permanent guest on the Management Board of the Securities Services Business Unit.

Prior to working at SIX, Laura worked for a large Swiss law firm after finalizing her double degrees in Law and Sinology from the Universities of Zurich and Berne.

Daniela Peterhoff

Senior Vice President, President of Clearing and Head of Market Platforms Strategy Nasdaq

Daniela Peterhoff serves as Senior Vice President, President of Clearing and Head of Market Platforms Strategy at Nasdaq. She is responsible for running the operations of Nasdaq Clearing, future proofing the business and liaising with customers, regulators and other key stakeholders. This includes all aspects of the business covering Products & Services, Technology, Operations and Risk. Daniela also leads strategic planning and M&A activities for our Market Platforms division.

Before joining Nasdaq, Daniela worked for close to twenty years in the market infrastructure industry, first in Trading and Clearing Market Development at Eurex and then as a Senior Partner at Oliver Wyman. During her time at Oliver Wyman, Daniela was instrumental in building and leading the Global Market Infrastructure business, the European Corporate & Institutional Banking practice, the Northern European market as well as European strategy development. Her work spanned Strategy, Risk & Regulatory, Operations, Technology and M&A work for banks, the buy-side, PE firms and market infrastructure providers.

Daniela earned an MBA and a PhD in Business Administration from European Business School near Frankfurt.

Pedro Gurrola-Perez

Head of Research The World Federation of Exchanges

Pedro joined the World Federation of Exchanges in October 2019 from the Bank of England, where he led the Financial Market Infrastructures Directorate’s Research Team. He had joined the Bank of England in 2013,  after two years at the UK Financial Services Authority. Previously, Pedro spent more than 15 years lecturing and doing research at a range of well-regarded academic institutions, including the University of Barcelona and the Instituto Tecnológico Autónomo de México (ITAM).

Pedro holds two PhDs: one from the University of Barcelona, Spain, and one from the University of Montpellier, France, and has published across key academic journals, including the Journal of Financial Market Infrastructures, the Journal of Risk, International Finance and the Journal of Futures Markets. His recent work includes research on the economics of distributed ledger technologies (DLT) for securities settlement,  on the network structure of settlement fails and on market liquidity risk in CCPs. He has also published research on payment systems, back-testing methodologies and on the structure of interest rate futures markets. In  2007 he received the National Award on Derivatives Research, awarded by the Mexican Derivatives Exchange (MexDer).

Alex  Comninos

Chief Risk Officer, JSE Clear Johannesburg Stock Exchange

Alex is the Chief Risk Officer at JSE Clear, the central counterparty clearing house (CCP) for exchange-traded derivatives in South Africa.  He is also responsible for financial risk management in the JSE’s cash equity and bond markets.  Alex joined the JSE in 2006 and has over 20 years’ experience in the capital markets industry. He has held senior leadership positions in financial and enterprise risk management, strategy and strategy execution and post-trade operations. Prior to his tenure at the JSE, Alex gained experience with Merrill Lynch in South Africa and Commerzbank in London and Frankfurt.

His tertiary qualifications include a Bachelor of Science in Engineering, a Diploma in Datametrics (cum laude) and an MBA from Wits Business School.

Froukelien Wendt

Independent Member of the CCP Supervisory Committee and Director for CCPs The European Securities and Markets Authority (ESMA)

Froukelien Wendt is an Independent Member of the CCP Supervisory Committee at the European Securities and Markets Authority (ESMA). In this role, she is responsible for the supervision of third country CCPs and convergence in the supervision of EU CCPs, including CCP stress tests. Previously, she worked at the IMF and led missions in the area of CCPs, central securities depositories and payment systems in the context of IMF Financial Sector Assessment Program (FSAP) and Technical Assistance projects. She also worked at the World Bank as a Senior Securities Settlement Expert and at De Nederlandsche Bank, where she was responsible for oversight of payment and securities settlement systems, and CCPs. Froukelien started her career at Euronext N.V., where she worked in the strategy and cash market development departments. She holds a master in Economics from the RijksUniversiteit Groningen, and a master in Financial and Investment Analysis from the Universiteit van Amsterdam.

Froukelien Wendt

Independent Member of the CCP Supervisory Committee and Director for CCPs The European Securities and Markets Authority (ESMA)

Froukelien Wendt is an Independent Member of the CCP Supervisory Committee at the European Securities and Markets Authority (ESMA). In this role, she is responsible for the supervision of third country CCPs and convergence in the supervision of EU CCPs, including CCP stress tests. Previously, she worked at the IMF and led missions in the area of CCPs, central securities depositories and payment systems in the context of IMF Financial Sector Assessment Program (FSAP) and Technical Assistance projects. She also worked at the World Bank as a Senior Securities Settlement Expert and at De Nederlandsche Bank, where she was responsible for oversight of payment and securities settlement systems, and CCPs. Froukelien started her career at Euronext N.V., where she worked in the strategy and cash market development departments. She holds a master in Economics from the RijksUniversiteit Groningen, and a master in Financial and Investment Analysis from the Universiteit van Amsterdam.

Amar Radia

Head of Analytics, Financial Market Infrastructure Directorate Bank of England

Amar is head of the Analytics division in the Bank of England’s Financial Market Infrastructure Directorate. His division develops the evidence base for excellent policy making and supervision through data and risk expertise. He has previously held various roles in the Bank of England, spanning financial stability, monetary policy and a number of other special projects.

Tapas Das

Managing Director & Chief Executive Officer NG Clearing

Mr. Tapas Das is a seasoned financial markets professional who brings on board over 25 (twenty-five) years of professional expertise in Banking and Capital Markets, specifically in market safety (Risk Management), market integrity (Surveillance & Investigation), clearing and settlement, implementation of risk-related products in Tier 1 banks and data operations for exchange-traded instruments globally.

As the MD & CEO of NG Clearing, he is responsible for providing oversight for the implementation of the company’s strategy and fulfil its aspiration of being a most trusted CCP in Western Africa.

He has held leadership positions in various companies such as MCX-SXCCL, as Chief Operating Officer; Director and India Head of Pershing India (A BNY Mellon Company), and Head of Listed Derivatives and Clearing Operations in Goldman Sachs (India); the National Stock Exchange of India and its subsidiary National Securities Clearing Corporation Ltd.; Reuters; Oracle Financial and Central Bank of India. He also served as an Advisor to Muscat Clearing & Depository SAOC, Oman, assisting the organization to formulate and implement its strategic initiatives.

Having successfully completed several internationally recognized industry level certification programs pertaining to capital markets, his experience and adeptness hold him in good stead to lead NG Clearing onto becoming a world-class clearing organization.

Robert  McIntyre

Head of Financial Resources Rand Merchant Bank

Rob is the Head of Financial Resource management for RMB, and spent the previous six years as the Chief Risk Officer for RMB Markets. For the last three years he has also been the FirstRand Group Head of Trading Risk. He loves solving problems, working with complexity and is committed to making a meaningful difference in whatever he does.

Chris Sturgess 

Director Burnt Orange Trading

Chris joined the South African Agricultural Derivatives Market known as SAFEX while it was still in its infancy stage back in 1997. In 2001 JSE bought over the derivatives exchange business. Chris remained part of a small, dedicated team that focused on the growth and development of the agricultural and later broader commodity derivatives market in South Africa. This provided an opportunity to specialize in all spheres of the exchange business, from trading through to clearing including the challenges of physical delivery and the necessary environment to facilitate this. In 2012 he took over as head of the commodities market at the JSE. In 2017, 20 years later he decided to pursue consulting opportunities and has assisted markets in Zambia, Malawi, Kenya, Ghana, Nigeria, Cote d’Ivoire and Togo as they looked to develop their own commodity markets.

Robert Steigerwald

Senior Policy Advisor Federal Reserve Bank of Chicago

Robert Steigerwald is a senior policy advisor in the financial markets group at the Federal Reserve Bank of Chicago, where his work focuses upon public policy issues relating to financial market regulation and payment, clearing and settlement infrastructures.

Steigerwald began his legal career with Kirkland & Ellis, an international law firm based in Chicago, where he represented clients including the Board of Trade of the City of Chicago, the Board of Trade Clearing Corporation and National Futures Association. He later served as legal counsel for a clearinghouse for foreign currency transactions and was instrumental in developing the global multicurrency settlement system for foreign exchange before joining the Chicago Fed in 2000.

He currently represents the Federal Reserve Bank of Chicago as a member of the U.S. Commodity Futures Trading Commission’s Market Risk Advisory Committee and has participated in the work of the Over the Counter Derivatives Regulators’ Forum, an international forum for information sharing and regulatory cooperation among central banks, prudential supervisors and securities and markets regulators.

Steigerwald is a graduate of the State University of New York at Stony Brook with a B.A. and University of San Francisco School of Law, J.D., cum laude.

Orly Grinfeld

Executive Vice President and Head of Clearing Tel Aviv Stock Exchange (TASE)

Mrs. Orly Grinfeld spent the last 5 years as an Executive Vice President and Head of Clearing of Tel Aviv Stock Exchange. 

She also serves as the CEO of Tel Aviv Stock Exchange Clearing House (TASECH), Tel Aviv Stock Exchange Derivative Clearing House (MAOF) and Tel Aviv Stock Exchange Nominee Company (TASENC) - a fully owned subsidiaries that deals with registration, Clearing, Settlement, Custody and operation of securities and derivatives traded on Tel-Aviv Stock Exchange.

Mrs. Grinfeld also holds 20 years of experience in business and financial risk management, serving as the Chief Risk Officer of Tel Aviv Stock Exchange, Chief Risk Officer of Israel Railways, and the Head of Business Risks Department of Ernst & Young Israel.

She holds Master of Business Administration (MBA) from Ben-Gurion University and Bachelor of Administration (BA) from Tel Aviv University.

Farzam  Ehsani

CEO & Co-Founder VALR

Farzam is the CEO and Co-founder of VALR.com, Africa's largest crypto exchange by trading volume, that allows customers to buy, sell, store and transfer one of the widest selections of cryptocurrencies. He was previously the Blockchain Lead at Rand Merchant Bank and the FirstRand Group, and was the inaugural Chairperson of the South African Financial Blockchain Consortium.  He previously worked at McKinsey & Company in Johannesburg, Deloitte Consulting in San Francisco, the Baha'i World Centre in Haifa, and the United Nations in Nairobi.  He studied economics at the University of California - Berkeley.

Hsi-Chi Chen

Executive Vice President Taiwan Futures Exchange (TAIFEX)

Mr. Hsi Chi Chen has extensive experiences in various fields at TAIFEX, including risk management, clearing, auditing and surveillance, for more than 20 years.

He graduated from the Department of Economics, National Chengchi University (NCCU), and holds a Master Degree from the College of Arts & Sciences of the University of Wyoming (UW).

Prof. David Murphy

Visiting Professor, Department of Law  London School of Economics (LSE)

David Murphy is a visiting professor in practice in the Law School at the London School of Economic and Political Science.  He is a leading expert on derivatives regulation, central clearing, and prudential policy, having published extensively in these areas, and worked in both bank and central counterparty policy at national and international levels.

Kristin N. Johnson

Commissioner Commodity Futures Trading Commission (CFTC)

Commissioner Johnson was sworn in as a CFTC Commissioner on March 30, 2022, after being nominated by President Joseph Biden in September 2021, and unanimously confirmed by the United States Senate. Commissioner Johnson is a nationally recognized expert on financial markets risk management law and policy with specialization in the regulation of complex financial products including the origination, distribution, and secondary market trading, clearing, and settlement of securities and derivatives. She is an internationally recognized expert on financial markets regulation and corporate governance, compliance, and risk management. Her recent work examines the implications of emerging innovative technologies including distributed digital ledger technologies that enable the creation of digital assets and intermediaries and artificial intelligence technologies that target commercial and consumer financial transactions, transfers, and assessments. 

In April of 2021, she testified at a hearing before the United States House of Representatives Financial Services Committee Subcommittee on Consumer Protection and Financial Institutions entitled Banking Innovation or Regulatory Evasion? Exploring Trends in Financial Institution Charters. The single-panel hearing discussed policy considerations with respect to banking charters and explored disintermediation in legacy financial markets such as banking and the provision of clearing and custody services. In July of 2019, she testified before the United States House of Representatives Financial Services Committee Task Force on Financial Technology and the Task Force on Artificial Intelligence entitled Examining the Use of Alternative Data exploring the implications of integrating artificial intelligence in financial technology (fintech) platforms. 

Prior to joining the Commission, she held endowed professorships at Emory University and Tulane University Law Schools and visiting professorships at prestigious law schools around the nation. She taught courses in the regulation of securities and derivatives markets, financial institutions, including courses on fintech, the development of blockchain technologies and artificial intelligence, as well as corporations and ethical leadership. She is an elected member of the American Law Institute, an American Bar Foundation Fellow, and Chair of the Securities Regulation Section and the Executive Committee of the Business Associations and Financial Institutions and Consumer Financial Services Sections of the Association of American Law Schools. 

Prior to entering the academy, Commissioner Johnson served as Vice President and Assistant General Counsel in the Treasury Services Division of one of the largest financial institutions in the world supporting private funds cash management services, a corporate associate at Simpson, Thacher, and Bartlett LLP’s New York and London offices where she represented issuers and underwriters in domestic and international debt and equity offerings, lenders and borrowers in banking and credit matters, and private equity firms and publicly-traded companies in mergers and acquisitions. Before attending law school, Commissioner Johnson served as an analyst in the Asset Management Division of a storied financial institution. She clerked for a federal judge who previously served on the United States District Court for the District of New Jersey.

Commissioner Johnson has a B.S. with honors from Georgetown University Edmund Walsh School of Foreign Service and a J.D. from The University of Michigan Law School where she served as a senior editor on the Michigan Law Review and received the Clara Belfield and Henry Bates International Research Fellowship.

Prof. David Murphy

Visiting Professor, Department of Law  London School of Economics (LSE)

David Murphy is a visiting professor in practice in the Law School at the London School of Economic and Political Science.  He is a leading expert on derivatives regulation, central clearing, and prudential policy, having published extensively in these areas, and worked in both bank and central counterparty policy at national and international levels.

Vikram Kothari

Managing Director, NSE Clearing (NSCCL) National Stock Exchange of India

Mr. Vikram Kothari has worked in areas of product development, operations, risk management, sales in the stock exchange, custody, clearing and banking space for more than 20 years.

Prior to his current role as Managing Director of NSE Clearing Limited (formerly known as National Securities Clearing Corporation Limited (NSCCL)) in India, he worked with organizations like JP Morgan Chase, HSBC, and NSE in various capacities. He joined NSE Clearing Limited in November 2017.

He is a graduate from Mumbai University and a Member of the Institute of Chartered Accountants of India.

Miguel Ángel Herrero Alvite

ESMA CCP Supervisory Committee Member and Secondary Markets Department Coordinator Spanish National Securities Market Commission (CNMV)

Miguel Ángel Herrero Alvite has over 24 years of experience in the Spanish National Securities Market Commission (CNMV), where he currently where he is currently in charge of the supervisory and authorization activities related to the EMIR obligations in the Secondary Markets Department. He is also responsible for advising and participating in the development of regulatory policies applicable to derivative markets and market infrastructures.

He holds a Bachelor's degree in Mathematics from the Universidad Autónoma de Madrid, a Master in Executive Finance from the Escuela de Finanzas Aplicadas, passed all three levels of the CFA Program, and FRM from the Global Association of Risk Professionals. Additionally, he has a Master's in Management of Telecommunications and Information Technologies from the Escuela de Organización Industrial.

His areas of specialization include securities markets, risk management, derivatives, and financial regulation. He has been a member or has participated in a number of international groups both in the European and global scope, such as the European Securities and Markets Authority (ESMA), the International Organization of Securities Commissions (IOSCO), and the European Commission/European Council.

He has been involved in advisory work for other financial supervisors and he lectures in master's degree programs specialized in finance and sustainability.

Julie Schoening

Expert in risk, clearing, and market structure

Dr. Julie Schoening was the former Chief Risk Officer of FTX US Derivatives, also known as LedgerX, a CFTC regulated derivatives exchange and clearing house. She led the development of the Initial Margin model, risk management policy and procedures for the CFTC application using direct clearing and real time de-risking methodologies in 2022. Prior to joining FTX, Julie spent the past 15 years of her career at Alphadyne Asset Management, a global macro hedge fund based in NYC, the CFTC, and the Nasdaq Stock Exchange.

Dr. Pinar Emirdag

Global Head of Digital Client Services for Markets Operations JP Morgan

Pinar Emirdag joined JP Morgan as global head of digital client services for markets operations in October 2019. She oversees the development of digital products and solutions as part of JP Morgan’s plans to overhaul operational experiences for clients. 

Emirdag joined State Street in 2017 focusing on the custodian bank’s efforts with digital assets, digital capital markets, digital custody and the Utility Settlement Coin initiative, now known as Fnality.

Pinar Emirdag holds doctorate and master’s degrees in physics and a master’s degree in electrical engineering from Brown University. Pinar’s research field was development of new numerical techniques in theoretical particle physics.

Michele Hillery

General Manager, Equity Clearing and DTC Settlement Service DTCC

Michele Hillery is General Manager of Equity Clearing and DTC Settlement Service at The Depository Trust & Clearing Corporation (DTCC). In this role, Michele has direct responsibility for the day-to-day management of equity clearing for trades executed on the major U.S. exchanges and other equity trading venues. She also oversees our ongoing efforts to collaborate with and build industry support for modernizing and transforming DTCC’s core businesses.

Michele has over 20 years in the industry and has held various positions within Product Management, Quality Assurance and Operations. Prior to joining DTCC’s Equity Clearing Product Management in 2013, Michele led the Fixed Income Clearing Corporation’s Mortgage Backed Securities Division (MBSD) where she managed the operations of the business and had responsibility over project development.

She earned a BBS from University of Limerick, Ireland and a MS from New York University.

Frédéric Hervo

Director of the second Banking Directorate, Autorité de contrôle prudentiel et de résolution (ACPR) Banque de France

Frédéric HERVO, has been the Director of the second Banking Supervision Directorate of the French Autorité de contrôle prudentiel et de résolution (ACPR) since March 2021. The second Banking Supervision Directorate is contributing to the supervision of the French cooperative banking groups, within the Single Supervisory Mechanism. The directorate is also responsible for the supervision of other financial institutions, including investment firms, payment and e-money institutions, as well as the pan-European CCP LCH.SA. Frédéric HERVO represents the ACPR in the CCP Supervisory Committee of the European Securities and Markets Authority.

He was previously director for International Affairs of the ACPR, between 2016 and 2021, in charge of policy issues regarding the prudential regulation for banks and insurers. Before, he held several positions at Bank of France since 1992, including as Director of the Payment Systems and Market Infrastructures directorate from 2012 to 2016. He was a member of the BIS Committee on Payment and Market Infrastructures (CPMI) between 2007 and 2016 and of the CPMI/IOSCO Steering Group, in charge of developing and monitoring the implementation of the Principles for Financials Market Infrastructures, between 2009 and 2016.

Burak Akan

CCP Director, Takasbank Borsa Istanbul

Burak AKAN joined Takasbank in 2013 as CCP Director. As such, he is responsible for the design and execution of risk, collateral and default management processes for the CCP.

Prior to joining Takasbank, Burak served in banking sector who is responsible from various risk management roles including market risk, liquidity risk, interest rate risk and model risk management.

Before risk management, Akan also worked as Treasurer and Dealer in Turkish and Russian banks.

He holds a bachelor's degree in engineering and a master's degree in economics.

Dr. Travis Nesmith

Assistant Director & Section Chief, Quantitative Risk Analysis Board of Governors of the Federal Reserve System

Travis leads the Board’s Quantitative Risk Analysis section, which he established in 2013. It is responsible for analyzing the quantitative risk management at systemically important CCPs and researching financial risk in securities and derivatives markets. Travis serves as a member on the Financial Market Utilities Supervisory Committee, Quantitative Surveillance & Financial Stability Committees, and the Financial Stability Climate Committee. In over 20 years at the Board, he has worked on numerous international groups including the Margin and Collateral sub-group of the Principles for Financial Market Infrastructures. Currently, he is a member of the BCBS-CPMI-IOSCO Joint Steering Group on Margin and the FSB’s margin working group. 

He holds a PhD in economics from Washington University in St. Louis. His more recent research appears in the Int. J. of Central Banking, J. of Risk & Financial Management, J. of Monetary Economics, and Studies in Nonlinear Dynamics and Econometrics. He also is an Associate Editor of Macroeconomic Dynamics and the J. of Financial Market Infrastructures.

Meshal  Al Homaid 

Risk Modelling & Methodology Head, Muqassa Saudi Tadawul Group

Meshal is currently the Head of Risk Modelling & Methodology Department at Muqassa, the Securities Clearing Center Company, and he has held this position since 2021.

His role is to lead a team responsible to develop Margin, Stress Testing, Credit Rating, Liquidity and other Risk related models that ensures the efficiency of the Risk Management process of clearing cash and derivative markets in the Saudi Exchange.

Meshal brings with him around 16 years of experience in Risk Management in the financial sector where he held a number of positions across leading banks in Saudi Arabia. Meshal was senior manager of wholesale risk models at SABB where he was responsible for model development, calibration, monitoring and documentation.

Meshal holds a BSc in Information Systems from King Saud University and a Master degree from the University of Sheffield.

John McPartland

Senior Advisor Hidden Road Partners LP

Richard Metcalfe

Head of Regulatory Affairs The World Federation of Exchanges

Richard Metcalfe is Head of Regulatory Affairs at the World Federation of Exchanges (WFE). Before taking up his WFE post in March 2018, he worked on MiFID implementation at the Markets Division of BNY Mellon in London. He also has extensive experience in wholesale financial services and policy issues, with particular emphasis on derivatives and central clearing; and on asset management. In addition to working at ISDA and the IA, he has worked for SWIFT. 

Earlier in his career, he wrote for and edited various financial publications. He lives in London and studied languages at university. 

Prof. Paolo Saguato

Assistant Professor of Law, Antonin Scalia Law School George Mason University

Paolo Saguato is an Assistant Professor of Law at Antonin Scalia Law School, George Mason University, specializing in financial regulation. His research interests encompass the intersection of banking, securities and derivatives regulation and the international and comparative dynamics of financial markets. Professor Saguato serves as a member of the ESMA Consultative Working Group of the CCP Policy Committee. In addition, he is the co-editor of “Financial Markets Infrastructures: Law and Regulation,” recently published by Oxford University Press, and the author of multiple academic articles on clearinghouses and financial market infrastructures. 

Before joining Antonin Scalia Law School, Professor Saguato was a Research Fellow at the Georgetown Law Center, a Fellow at the London School of Economics and Political Science, and a Global Hauser Fellow at New York University School of Law. Professor Saguato earned a BA (Laurea in Scienze Giuridiche) and a JD (Laurea Magistrale in Giurisprudenza) summa cum laude at the University of Genoa (Italy) and a PhD in Private, Business, and International Law at the same university. In addition, he holds a LLM from Yale Law School, which he attended as a Fulbright Scholar, where he focused his studies on financial markets regulation and corporate law and was a senior editor of the Yale Journal on Regulation.

Kristin N. Johnson

Commissioner Commodity Futures Trading Commission (CFTC)

Commissioner Johnson was sworn in as a CFTC Commissioner on March 30, 2022, after being nominated by President Joseph Biden in September 2021, and unanimously confirmed by the United States Senate. Commissioner Johnson is a nationally recognized expert on financial markets risk management law and policy with specialization in the regulation of complex financial products including the origination, distribution, and secondary market trading, clearing, and settlement of securities and derivatives. She is an internationally recognized expert on financial markets regulation and corporate governance, compliance, and risk management. Her recent work examines the implications of emerging innovative technologies including distributed digital ledger technologies that enable the creation of digital assets and intermediaries and artificial intelligence technologies that target commercial and consumer financial transactions, transfers, and assessments. 

In April of 2021, she testified at a hearing before the United States House of Representatives Financial Services Committee Subcommittee on Consumer Protection and Financial Institutions entitled Banking Innovation or Regulatory Evasion? Exploring Trends in Financial Institution Charters. The single-panel hearing discussed policy considerations with respect to banking charters and explored disintermediation in legacy financial markets such as banking and the provision of clearing and custody services. In July of 2019, she testified before the United States House of Representatives Financial Services Committee Task Force on Financial Technology and the Task Force on Artificial Intelligence entitled Examining the Use of Alternative Data exploring the implications of integrating artificial intelligence in financial technology (fintech) platforms. 

Prior to joining the Commission, she held endowed professorships at Emory University and Tulane University Law Schools and visiting professorships at prestigious law schools around the nation. She taught courses in the regulation of securities and derivatives markets, financial institutions, including courses on fintech, the development of blockchain technologies and artificial intelligence, as well as corporations and ethical leadership. She is an elected member of the American Law Institute, an American Bar Foundation Fellow, and Chair of the Securities Regulation Section and the Executive Committee of the Business Associations and Financial Institutions and Consumer Financial Services Sections of the Association of American Law Schools. 

Prior to entering the academy, Commissioner Johnson served as Vice President and Assistant General Counsel in the Treasury Services Division of one of the largest financial institutions in the world supporting private funds cash management services, a corporate associate at Simpson, Thacher, and Bartlett LLP’s New York and London offices where she represented issuers and underwriters in domestic and international debt and equity offerings, lenders and borrowers in banking and credit matters, and private equity firms and publicly-traded companies in mergers and acquisitions. Before attending law school, Commissioner Johnson served as an analyst in the Asset Management Division of a storied financial institution. She clerked for a federal judge who previously served on the United States District Court for the District of New Jersey.

Commissioner Johnson has a B.S. with honors from Georgetown University Edmund Walsh School of Foreign Service and a J.D. from The University of Michigan Law School where she served as a senior editor on the Michigan Law Review and received the Clara Belfield and Henry Bates International Research Fellowship.

Dmitrij Senko

Member of the Executive Board and Chief Risk Officer Eurex Clearing AG

Dmitrij Senko is a Member of the Executive Board and Chief Risk Officer of Eurex Clearing AG. He took on this role in 2019, following 9 years in previous positions at Eurex Clearing. He was one of the main architects of Eurex Clearing’s industry-leading risk engine Prisma back in 2011–2012, and he led the Risk stream in the Eurex Clearing EMIR authorisation project in 2013. Dmitrij has been part of the project team building up the clearing house in Singapore since 2014 and held the role of Chief Risk Officer of Eurex Asia from July 2015 until February 2018. From 2013, Dmitrij was Head of Risk Analytics and Model Validation in the Risk Department of Eurex Clearing. 

Prior to joining Eurex Clearing, Dmitrij worked for Accenture Management Consulting in different roles supporting clients in the banking industry on a range of topics in risk management, regulation and technology. He holds an Executive MBA degree from the London Business School and a PhD in physical-mathematical science from Belarus State University.

John McPartland

Senior Advisor Hidden Road Partners LP

Aniket Bhanu

Vice President NSE Clearing (NSCCL), National Stock Exchange of India

Mr. Aniket Bhanu has been associated in various capacities with the National Stock Exchange of India group since 2009. His areas of expertise are risk management, derivatives, regulation and policy and has been instrumental in implementation of several market reforms in the CCP space in India. 

He holds an MBA from the Indian Institute of Management Kozhikode.

Pedro Gurrola-Perez

Head of Research The World Federation of Exchanges

Pedro joined the World Federation of Exchanges in October 2019 from the Bank of England, where he led the Financial Market Infrastructures Directorate’s Research Team. He had joined the Bank of England in 2013,  after two years at the UK Financial Services Authority. Previously, Pedro spent more than 15 years lecturing and doing research at a range of well-regarded academic institutions, including the University of Barcelona and the Instituto Tecnológico Autónomo de México (ITAM).

Pedro holds two PhDs: one from the University of Barcelona, Spain, and one from the University of Montpellier, France, and has published across key academic journals, including the Journal of Financial Market Infrastructures, the Journal of Risk, International Finance and the Journal of Futures Markets. His recent work includes research on the economics of distributed ledger technologies (DLT) for securities settlement,  on the network structure of settlement fails and on market liquidity risk in CCPs. He has also published research on payment systems, back-testing methodologies and on the structure of interest rate futures markets. In  2007 he received the National Award on Derivatives Research, awarded by the Mexican Derivatives Exchange (MexDer).

Petros Katsoulis

Research Economist, Prudential Policy Directorate Bank of England

Petros Katsoulis is a Research Economist in the Prudential Policy Directorate of the Bank of England. His research interests focus on prudential policy, financial stability and market based finance. He holds a PhD in finance from Bayes Business School, City, University of London.

Dr. Kaitao Lin

Senior Financial Economist The World Federation of Exchanges

Kaitao joined the World Federation of Exchanges in May 2020 and currently holds the position of senior financial economist in the Research Team. Kaitao holds a Ph.D. in Finance from the University of Houston and is a Chartered Financial Analyst® (CFA®) charterholder. His research focuses on market microstructure issues, such as trading rules, their effects on market participants, and market quality.  His current work includes ESG and crypto assets. Kaitao’s papers have been accepted for publication in well-regarded academic journals, such as the Quarterly Journal of Finance, and presented in various international conferences, including the U.S. SEC Ph.D. Symposium, the China International Conference in Finance, and the Financial Management Association Annual Meeting.

Takeshi Shirakami

Deputy Head of the Secretariat of Committee on Payments and Market Infrastructures Bank for International Settlements

Takeshi is Deputy Head of the Secretariat of the Committee on Payments and Market Infrastructures (CPMI). As Deputy Head, he supports CPMI parent committee and represents the CPMI at various international groups. Areas of his current responsibilities cover: risk management issues in financial market infrastructures (FMIs), including margining practices, CCP financial resources in recovery and resolution, and operational and cyber resilience, and regulatory and supervisory issues in stablecoins and digital innovations. 

Before joining the BIS, he served as chief representative in Frankfurt of the Bank of Japan (BoJ) from 2014 until 2016. Within the BoJ he spent many years in the areas related to FMIs, BoJ’s policy and oversight work regarding Japanese and international FMIs. He represented the BoJ at various FMI-related international groups and cross-border cooperative oversight arrangements. 

He also led the BoJ’s supervisory team for Japanese banks and broker dealers, and represented the BoJ at supervisory colleges and crisis management groups for G-SIBs. 

Earlier in his career he was a junior representative at the BoJ Frankfurt office. From 2008 and 2010 he was seconded to the BIS as a member of the CPSS Secretariat. He studied law at Kyoto University and economics at University of Göttingen.

Dr. Travis Nesmith

Assistant Director & Section Chief, Quantitative Risk Analysis Board of Governors of the Federal Reserve System

Travis leads the Board’s Quantitative Risk Analysis section, which he established in 2013. It is responsible for analyzing the quantitative risk management at systemically important CCPs and researching financial risk in securities and derivatives markets. Travis serves as a member on the Financial Market Utilities Supervisory Committee, Quantitative Surveillance & Financial Stability Committees, and the Financial Stability Climate Committee. In over 20 years at the Board, he has worked on numerous international groups including the Margin and Collateral sub-group of the Principles for Financial Market Infrastructures. Currently, he is a member of the BCBS-CPMI-IOSCO Joint Steering Group on Margin and the FSB’s margin working group. 

He holds a PhD in economics from Washington University in St. Louis. His more recent research appears in the Int. J. of Central Banking, J. of Risk & Financial Management, J. of Monetary Economics, and Studies in Nonlinear Dynamics and Econometrics. He also is an Associate Editor of Macroeconomic Dynamics and the J. of Financial Market Infrastructures.

Aniket Bhanu

Vice President NSE Clearing (NSCCL), National Stock Exchange of India

Mr. Aniket Bhanu has been associated in various capacities with the National Stock Exchange of India group since 2009. His areas of expertise are risk management, derivatives, regulation and policy and has been instrumental in implementation of several market reforms in the CCP space in India. 

He holds an MBA from the Indian Institute of Management Kozhikode.

Jeanne Balcom

Executive Director, Head of Regulatory Policy OCC (Options Clearing Corporation)

Jeanne Balcom has over 30 years of experience in international securities markets policy and regulation. She is currently the Executive Director of Regulatory Policy at the Options Clearing Corporation (OCC), where she analyzes regulatory policy and regulation that impact central counterparties (CCPs) in the US and globally. Prior to this role, she served as the Senior Director for International at the Financial Industry Regulatory Authority (FINRA). At FINRA, she analyzed international policy and regulation, and represented FINRA in fora such as the IOSCO, COSRA, and the invitation-only international roundtables on market regulation and business conduct. She holds a Bachelor’s degree from Dartmouth College in Russian Studies and a Master’s degree in Latin American Studies and International Economics from the School of Advanced International Studies at Johns Hopkins University.

Dr. Alicia Greenwood

Chief Executive Officer, JSE Clear, and Director of Post Trade Services Johannesburg Stock Exchange

Alicia joined the JSE in February 2016, as Director of the Post Trade Services division, and is responsible for risk management, clearing and guaranteeing the settlement of central order book equity and bond transactions. Alicia is also the CEO of JSE Clear, the central counterparty clearing house (CCP) for listed derivatives in the equities, interest rate, foreign exchange and commodities markets.

Alicia’s business career spans more than 20 years working in management consulting, investment banking and capital markets. Her experience has been acquired at some of South Africa’s leading companies in these fields, including Accenture, Discovery, Standard Bank and the JSE. Alicia has worked extensively in strategy development, risk management, capital management, and clearing and settlement, both in South Africa and across numerous African countries. She has experience in portfolio optimisation and regulatory transformation, and has overseen large-scale business and IT projects, and joint ventures.

Alicia holds a PhD in Chemistry from the University of Cape Town, having majored in Chemistry and Mathematics, and is published in various scientific journals.

Takeshi Shirakami

Deputy Head of the Secretariat of Committee on Payments and Market Infrastructures Bank for International Settlements

Takeshi is Deputy Head of the Secretariat of the Committee on Payments and Market Infrastructures (CPMI). As Deputy Head, he supports CPMI parent committee and represents the CPMI at various international groups. Areas of his current responsibilities cover: risk management issues in financial market infrastructures (FMIs), including margining practices, CCP financial resources in recovery and resolution, and operational and cyber resilience, and regulatory and supervisory issues in stablecoins and digital innovations. 

Before joining the BIS, he served as chief representative in Frankfurt of the Bank of Japan (BoJ) from 2014 until 2016. Within the BoJ he spent many years in the areas related to FMIs, BoJ’s policy and oversight work regarding Japanese and international FMIs. He represented the BoJ at various FMI-related international groups and cross-border cooperative oversight arrangements. 

He also led the BoJ’s supervisory team for Japanese banks and broker dealers, and represented the BoJ at supervisory colleges and crisis management groups for G-SIBs. 

Earlier in his career he was a junior representative at the BoJ Frankfurt office. From 2008 and 2010 he was seconded to the BIS as a member of the CPSS Secretariat. He studied law at Kyoto University and economics at University of Göttingen.

Pietro Stecconi

Chair of the Expert Group on Clearing, European Systemic Risk Board (ESRB), and Head of the Post-Trading Division, Market and Payment Systems Oversight Directorate Banca d’Italia

Pietro Stecconi was born in Rome. He graduated from the University of Rome with a major in economics and a specialisation in banking.

Pietro is Head of the Post-Trading Division within the Market and Payment Systems Oversight Directorate at the Banca d’Italia. The Post-Trading Division is tasked with the supervision of the Italian CCP and CSD, as well as defining the Bank’s stance on policies and international cooperation in this field. Before joining the Banca d’Italia, Pietro worked in portfolio management for a private bank.

At the Banca d’Italia, Pietro has spent his career working primarily in the field of payment systems, with a focus on post-trading systems. In addition to being responsible for the oversight and regulation of the Italian post-trading systems (CCP and CSD), Pietro has participated in several BIS and ESCB working groups dealing with post trading issues. In 2013-2014 he also chaired the OTC Derivatives Regulators’ Forum (ODRF).

Pietro chairs the Expert Group on Clearing of the European Systemic Risk Board (ESRB), co-chairs the EMIR college of supervisors on the Italian CCP (Euronext Clearing), and participates in the supervisory colleges of two major CCPs.

Pui Hoon Loh

Director & Specialist Leader, Markets Policy & Infrastructure Department Monetary Authority of Singapore (MAS)

Ms Pui Hoon Loh is a Director & Specialist Leader in the Markets Policy & Infrastructure Department at the Monetary Authority of Singapore (MAS). She has many years of experience in the regulation and supervision of financial market infrastructures, particularly on clearing houses. In her role, she also undertakes the review and formulation of regulatory policies and legislative reforms, to ensure Singapore's regulatory framework for financial market infrastructures remains relevant and appropriate with market and international developments. On the international front, Pui Hoon has been a member of the CPMI-IOSCO Steering Group and CPMI-IOSCO Policy Standing Group and is actively involved in these workstreams.

Nandini Sukumar

Chief Executive Officer The World Federation of Exchanges

Nandini Sukumar is the Chief Executive Officer of the World Federation of Exchanges, the global association for exchanges and CCPs. The WFE represents more than 250 exchanges and clearing houses globally, educating stakeholders on the vital role played by market infrastructures in the real economy and as a standard setter, finding the consensus on issues among the global membership. Of its members, 37% are in Asia-Pacific, 43% in EMEA and 20% in the Americas. WFE exchanges are home to 59,400 listed companies, and the market capitalisation of these entities is over $122.94 trillion; around $162.04 trillion (EOB) in trading annually passes through WFE members (at end 2021). WFE’s 57 member CCPs collectively ensure that risk takers post some $1 trillion (equivalent) of resources to back their positions, in the form of initial margin and default fund requirements. Ms. Sukumar is Vice Chair of IOSCO’s Affiliate Members Consultative Committee and Chair of the AMCC’s Sustainability Taskforce.

Pedro Gurrola-Perez

Head of Research The World Federation of Exchanges

Pedro joined the World Federation of Exchanges in October 2019 from the Bank of England, where he led the Financial Market Infrastructures Directorate’s Research Team. He had joined the Bank of England in 2013,  after two years at the UK Financial Services Authority. Previously, Pedro spent more than 15 years lecturing and doing research at a range of well-regarded academic institutions, including the University of Barcelona and the Instituto Tecnológico Autónomo de México (ITAM).

Pedro holds two PhDs: one from the University of Barcelona, Spain, and one from the University of Montpellier, France, and has published across key academic journals, including the Journal of Financial Market Infrastructures, the Journal of Risk, International Finance and the Journal of Futures Markets. His recent work includes research on the economics of distributed ledger technologies (DLT) for securities settlement,  on the network structure of settlement fails and on market liquidity risk in CCPs. He has also published research on payment systems, back-testing methodologies and on the structure of interest rate futures markets. In  2007 he received the National Award on Derivatives Research, awarded by the Mexican Derivatives Exchange (MexDer).