Release : #4640-02
For Release: May 15, 2002
CFTC Announces Appointment of Jane Kang Thorpe as Director, Division of Clearing and Intermediary Oversight
Washington, D.C. – The Commodity Futures Trading Commission (CFTC) announced today the appointment of Jane Kang Thorpe as the first Director of the Commission’s new Division of Clearing and Intermediary Oversight. She will assume her position on Monday, May 20, 2002.
Under the agency restructuring announced on February 1, 2002, to facilitate the implementation of the Commodity Futures Modernization Act of 2000, the functions of the new Division include review of Registered Clearing Organizations’ applications, financial integrity reviews, customer fund protection reviews, stock-index margin reviews, registration and fitness of intermediaries, sales practice reviews, National Futures Association oversight related to intermediaries and clearing operations, and foreign market access by intermediaries.
Ms. Thorpe comes to the CFTC from the law firm of Sidley Austin Brown & Wood LLP, where she represented major international futures and securities exchanges, investment banks, broker-dealers, futures commission merchants, swap dealers, industry trade associations and investment advisors in derivatives and securities regulation matters. Previously, Ms. Thorpe was with the law firm of Orrick Herrington & Sutcliffe LLP, and served for 10 years as Special Counsel for International Markets in the Division of Trading and Markets at the CFTC
Ms. Thorpe received her B.A. degree with honors in Political Science from the George Washington University, where she was elected to Phi Beta Kappa, and her Juris Doctor degree from the Georgetown University Law Center.
Commenting on the appointment of Ms.Thorpe, CFTC Chairman James Newsome stated
“I am excited about adding Jane to our team and I am sure that the Commission
will benefit from her experience, perspective, and leadership.”
# # #