FXPA Names New Chair, Board

As it celebrates its 10^th anniversary, the Foreign Exchange Professionals Association (FXPA), which was formed to represent the interests of the FX industry with policy makers and regulators, has named a new chair and members of its board.

FXPA’s new chair is Joe Hoffman, CEO of Mesirow Currency Management at Mesirow Financial in Seattle and the new vice chair is Dale Haver, global head of FX sales at State Street Global Markets in Boston. Jeff Roberts, director, EBS Market product at CME Group in London is treasurer, while Lauren Rosborough Watt, economics & investment manager at CalPERS in Sacremento, continues as secretary. The four officers form FXPA’s Executive Committee, which sets the agenda for the upcoming year.

Hoffman succeeds Susan Dauber, head of legal & regulatory at Euronext FX and chair of Euronext Markets Singapore, who has completed her two year tenure in the chair.

“The opportunity to serve as chair of the FXPA is truly an honour, and I am committed to upholding the exceptional work of the FXPA,” says Hoffman. “Given the recent market fluctuations due to global tensions, inflationary pressures, shifts in monetary policy, as well as the outcome of the US election and the risk of recession, brings the potential for more FX volatility in 2024. I am dedicated to expanding the FXPA’s membership and I’m excited about collaborating with all members to echo the unified voice of the FX market.”

During 2023, FXPA launched three new working groups (WG). The T+1 Settlement WG, working together with the Buy Side WG, produced a guidance paper for the buy side on preparations for the transition in May 2024. The Buy Side WG is also focussed on issues pertaining to transparency. The Trading Platforms WG is developing a white paper that focuses on FX Global Code compliance on trading venues, among other topics. Additional working groups include the Digital Assets WG and Off-Market Pricing WG.

FXPA also elected a slate of candidates to the board, which, in addition to the four members of the executive committee includes;

Martin Knudsen, senior product manager, FX electronic trading, Bloomberg; Scot Halvorsen, assistant general counsel, Cboe Global Markets; Scot Halvorsen, assistant general counsel, Cboe Global Markets; Taylor Haberstock, associate trader, global income, Eaton Vance Management; Patrick Basilice, chief compliance officer, Euronext US; Cathrine Poulton, global buyside head of GlobalLink FX product sales, GlobalLink; Richard Turner, senior trader, Insight Investment; and Christopher Matsko, head of FX trading services, Portware