For Release: November 3, 2003
CFTC Announces Appointment of New Director
Washington, D.C. -- The Commodity Futures Trading Commission (CFTC) today announced the appointment of James L. Carley as Director of the Division of Clearing and Intermediary Oversight (DCIO). In this role, Mr. Carley will lead a staff of approximately 75 auditors, accountants, attorneys, and other futures professionals at Washington headquarters and in regional offices in New York, Chicago, Kansas City, and Minneapolis. Mr. Carley will succeed Jane Kang Thorpe, who is resigning effective November 21, 2003, to become the General Counsel of the Dubai International Financial Centre, a new exchange for securities, debt, and derivatives.
Mr. Carley is currently the Deputy Director of Audit and Financial Review. He previously served as Counsel to Chairman James E. Newsome. Mr. Carley joined the Commission staff in the Division of Trading and Markets in 1999 after serving in various financial management capacities at the GTE Corporation and US Airways and practicing law in the area of aviation finance, including at the Washington firm of Zuckert, Scoutt, and Rasenberger. He earned an undergraduate degree in economics from George Mason University, an M.B.A. from the University of Texas at Austin, and a law degree from the George Mason University School of Law. Mr. Carley earned designation as a Certified Management Accountant and is a member of the bar in Virginia and the District of Columbia.
In appointing Mr. Carley, Chairman Newsome commented that “Jim has served me and the entire Commission admirably in his various roles at the CFTC. I have full confidence in Jim’s ability to lead the Division effectively as it carries forward its many important mandates, including our new risk-based supervision of clearinghouses and self-regulatory organizations, the oversight of commodity pool operators and trading advisors, the interpretation of compliance requirements, and the registration of the firms and futures professionals who deal with the public.”
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