The Foreign Exchange Professionals Association (FXPA) voted in a slate of new Board and Officers members at its annual meeting on February 5. 

In roles that took effect March 1, 2019, Lisa Shemie, Associate General Counsel of Cboe Global Markets and Chief Legal Officer of Cboe FX and Cboe SEF, was elected as the group’s new Chair; Jill Sigelbaum, Head of FXall, Refinitiv, was elected Vice Chair; Paul Houston, Global Head of FX, CME Group, was tapped as Treasurer; and Jason Vitale, Managing Director, Chief Operating Officer FX & Head of Client Execution, BNY Mellon, was re-elected as Secretary.

Shemie succeeds two-term Chair Chip Lowry, Senior Managing Director at State Street Global Markets.  “Chip has been a fantastic Chair of the FXPA, and his energy, ideas and leadership have resulted in a stronger and more visible organization poised to be even more impactful going forward. I look forward to continuing to work with Chip during the years ahead and to leaning on him for his assistance and guidance as I take on this role.” 

Sigelbaum replaces Jonathon O’Donnell, Investment Manager at CalPERS, in the Vice Chair role, while Houston succeeds Sean Tully, Senior Managing Director at CME Group, who has held the Treasurer role for the past two terms.

Members new to the Board include Lauren Rosborough Watt, Economics & Investment Manager, CalPERS; Mark Bruce, Head of FICC, Jump Trading; Laine Litman, Global Markets Group, Virtu Financial; and Houston of CME. David Goone, Chief Strategy Officer at ICE, Jessica Sohl, President, HC Technologies;Tod Van Name, Global Head of FX Electronic Trading at Bloomberg; and Vitale of BNY Mellon, were re-elected to the Board. The latest appointments join current Board members Christopher Matsko, Head of FX Trading Services, Portware; Tahreem Kampton, Senior Director, Microsoft; KC Lam, Head of FX and Rates, Singapore Exchange (SGX); as well as Lowryof State Street; Sigelbaum of Refinitiv; and Shemie of Cboe.

During the annual meeting, Shemie, FXPA’s new Chair, shared a proposed vision of the group’s mission, as well as ideas for efforts in the year ahead, including working groups focused on micro FX issues of interest to its membership, as well as advocacy, education and collaboration with other industry groups so as to secure a meaningful role in the continued development of global currency trading market structure and norms.Launched in September 2014, FXPA is a Washington, DC-based organization that represents the collective interests of a full array of professional foreign exchange industry participants. The group was developed to engage key regulators, policymakers, the news media and general public through education, research and advocacy, with the goal of advancing a sound, liquid, transparent, and competitive global currency market.