Leadership & Governance

The FXPA Board includes participation from the full spectrum of institutional FX market participants, including buy-side firms, banks, clearing houses, corporate end-users, exchanges, principal traders, technology providers, trading platforms, and trade repositories. The number of Board seats reflects the size of the FXPA’s membership and encourages participation from members of different types, sizes and levels of market activity.

The Board of Directors is supported by a series of committees, which are open to all members. Each Committee will focus on specific industry areas (i.e., operations, legal and compliance, membership, technology, media relations, market structure), and will report to the Board of Directors.

Diversity of membership is embedded in FXPA’s organizational construct to ensure wide representation of the professional FX market. Founding members epitomize this diversity – including the buy-side, exchanges, clearing houses, trading platforms, MTFs, technology companies, banks and non-bank market participants.

FXPA Elected Officers – 2023:

CHAIR 
Susan Dauber
Head of Legal & Regulatory, Euronext FX, and Chairperson of Euronext Markets Singapore
Euronext US

VICE CHAIR
Chip Lowry
Senior Managing Director
State Street

TREASURER
Paul Houston
Global Head of FX
CME Group

SECRETARY
Lauren Rosborough Watt
Investment Manager
CalPERS

BOARD OF DIRECTORS
Martin Knudsen, Senior Product Manager, FX Electronic Trading, Bloomberg
Lauren Rosborough Watt, Economics & Investment Manager, CalPERS
Mike Margolis, Assistant General Counsel, Cboe
Paul Houston, Global Head of FX, CME Group
Susan Dauber, Head of Legal & Regulatory, Euronext FX, and Chairperson of Euronext Markets Singapore
Alex Blackmur, Director of FX, Corporate Finance and Strategic Investments, Microsoft 
Christopher Matsko, Head of FX Trading Services, Portware
Chris Leonard-Appleton, Head of FX Risk & Regulation, LSEG
KC Lam, Head of FX and Rates, Singapore Exchange (SGX)
Chip Lowry, Senior Managing Director, State Street Global Markets

FOUNDERS’ COUNCIL
Bloomberg
Cboe Global Markets
CME Group
State Street Global Markets

SUPPORTING MEMBERS
EuronextFX
GlobalLink
LSEG
Portware
Singapore Exchange (SGX)

ADVISORY MEMBERS
CalPERS
Colorado PERA
Eaton Vance
Insight Investment
Mesirow
Microsoft