Commodity Futures Trading Commission
Office of External Affairs (202) 418-5080
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Washington, DC 20581

Release: 5097-05
For Release: July 11, 2005

Reuben Jeffery III Sworn In As CFTC Chairman

Washington, D.C. – Reuben Jeffery III was sworn in today as a Commissioner and the 10th Chairman of the Commodity Futures Trading Commission (CFTC), the federal agency that regulates commodity futures and options on futures trading in the U.S.

Mr. Jeffery was nominated by President Bush on May 17, 2005, and confirmed by the Senate on June 30, 2005, to a term expiring April 13, 2007.

Mr. Jeffery was most recently the Special Assistant to the President and Senior Director for International Economic Affairs at the National Security Council. He was previously the Representative and Executive Director of the Coalition Provisional Authority Office (CPA) at the Pentagon, after having served as an advisor to Ambassador Bremer in Iraq. Prior to joining the CPA in May of 2003, Mr. Jeffery served as Special Advisor to the President for Lower Manhattan Development. In this capacity he helped coordinate ongoing federal efforts in support of the longer term recovery and redevelopment of Lower Manhattan in the aftermath of September 11, 2001.

Mr. Jeffery spent eighteen years working for Goldman, Sachs & Co. where he was managing partner of Goldman Sachs in Paris (1997-2001) and of the firm’s European Financial Institutions Group (1992-1997) based in London. Mr. Jeffery has a broad range of international capital markets, corporate finance and merger and acquisition experience.

Prior to joining Goldman Sachs, Mr. Jeffery was a lawyer with the New York firm of Davis Polk & Wardwell.

Mr. Jeffery received his BA degree in Political Science from Yale University in 1975 and Juris Doctor and Master of Business Administration degrees from Stanford University in 1981.

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Alan Sobba (202) 418-5080
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