The Global Markets Advisory Committee (GMAC) was created in 1998 to advise the Commission on issues that affect the integrity and competitiveness of U.S. markets and U.S. firms engaged in global business, including the regulatory challenges of a global marketplace that reflects the increasing interconnectedness of markets and the multinational nature of business. The GMAC also makes recommendations regarding international standards for regulating futures, swaps, options, and derivatives markets, as well as intermediaries. Members include financial market infrastructures, market participants, end-users, service providers, and regulators.
Commissioner Caroline D. Pham sponsors the GMAC. Gates S. Hurand, Chief Counsel to Commissioner Pham, serves as the Designated Federal Officer, and Meghan Tente, Chief of Staff to Commissioner Pham, serves as the Alternate Designated Federal Officer.
Committee Charter (PDF)
Name | Entity Representing | Title |
Chris Allen | HSBC | General Counsel for Banking and Markets, and General Counsel of HSBC Bank plc |
Bill Bolton | bp | Chief Financial Officer, Refining, Products, and Low Carbon Americas Trading and Shipping |
Perianne Boring | Chamber of Digital Commerce | Chief Executive Officer |
Darcy Bradbury | D. E. Shaw & Co. | Managing Director and Head of Public Policy |
Isaac Chang | Citadel | Head of Central Execution, Global Fixed Income |
Chris Childs | DTCC | Head of Repository and Derivatives Services and CEO and President, DTCC Deriv/SERV |
Jason Chlipala | Stellar Development Foundation | Chief Operating Officer |
Gerald Corcoran | R.J. O’Brien and Associates | Chief Executive Officer and Chairman of the Board |
Adam Farkas | GFMA | Chief Executive Officer, GFMA and Chief Executive Officer, AFME |
Scott Fitzpatrick | Tradition Group | Chief Executive Officer, TraditionSEF |
Amy Hong | Goldman Sachs | Head of Market Structure and Strategic Partnerships, Global Banking and Markets |
John W. Horkan | LSEG | LSEG Post Trade and LCH Group Chief Operating Officer and LCH Head of Americas |
Angie Karna | Nomura | Managing Director and Head of Legal for Global Markets, Americas |
Steven Kennedy | ISDA | Global Head of Public Policy |
Agnes Koh | SGX Group | Chief Risk Officer |
Mary-Catherine Lader | Uniswap Labs | Chief Operating Officer |
Ben Macdonald | Bloomberg LP | Global Head of Enterprise Products and President of Bloomberg SEF LLC |
Jacqueline Mesa | FIA | Chief Operating Officer and Senior Vice President, Global Policy |
Erik Tim Müller | Eurex | Chief Executive Officer, Eurex Clearing AG |
John Murphy | Commodity Markets Council | Global Head of Futures Division, Mizuho Americas |
Joseph Nicosia | Louis Dreyfus | Global Trading Operations Officer and Head of Global Cotton Platform |
Dave Olsen | FIA PTG | President and Chief Investment Officer, Jump Trading Group |
Tetsuo Otashiro | JSCC | Senior Head of Global Policy and Regulation |
Christopher R. Perkins | CoinFund | President |
Thomas Pluta | Tradeweb | President |
Sachiyo Sakemi | BlackRock | Global Head of Legal for BlackRock Global Markets Group |
Thomas Sexton | NFA | President and Chief Executive Officer |
Andrew Smith | Virtu Financial | Senior Vice President, Global Business Development and Market Structure |
Brad Tully | JPMorgan Chase & Co. | Global Co-Head of Corporate Derivatives and Private Side Marketing |
Thane Twiggs | Cargill | Chief Compliance Officer, Cargill Risk Management |
Jason Vitale | BNY Mellon | Global Head of Foreign Exchange, Fixed Income & Equities |
Stuart Williams | ICE | Chief Operating Officer |
Julie Winkler | CME Group | Chief Commercial Officer |
Tom Wipf | Morgan Stanley | Vice Chairman |
Vadim Zlotnikov | Fidelity Investments | Head of Fidelity Institutional |
Chris Zuehlke | DRW | Partner and Global Head of Cumberland |
- Margin Requirements for Non-Cleared Swaps
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Name Entity Representing Title Wendy Yun (Chair) Securities Industry and Financial Markets Association Asset Management Group Co-Chair, Derivatives Committee Mark Bailey Two Sigma Investments, LP Head of Financial Resource Management Darcy Bradbury D.E. Shaw & Co., LP Managing Director Rosario Chiarenza Morgan Stanley Capital Group, Inc. Chief Compliance Officer Betsy Cochrane Barings, LLC Assistant General Counsel Dominick Falco BNY Mellon Markets Head of Collateral Segregation Product Vera Horgan Wellington Management, LLP Managing Director, Derivatives Platform Tara Kruse International Swaps and Derivatives Association, Inc. Global Head of Infrastructure, Data, and Non-Cleared Margin Alessandra Riccardi National Futures Association Managing Director Sachiyo Sakemi BlackRock Managing Director Andrew Smith Virtu Financial Senior Vice President Nick Steele Barclays Managing Director and Head of Collateral Optimization Unit, Financial Resource Management's Resource Management Group Chris Walsh Acadia Soft Chief Executive Officer