R.J. O’Brien & Associates (RJO), a US-based independent futures brokerage and clearing firm has promoted Senior Managing Director and Chief Risk Officer Jamal Oulhadj to the role of chief operating officer.

RJO is based out of Chicago and is the oldest and largest independent futures brokerage and clearing firm in the United States. In his new role as the COO, Mr. Oulhadj will oversee the firm’s global risk operations, credit and information technology (IT) capabilities, and a variety of other management operations.

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Mr. Oulhadj joined RJO back in 2006 as its chief risk officer, joining the US firm with over 15 years of experience in risk management functions. Prior to landing at RJO, he also worked in a number of senior level roles at Refco and the Chicago Mercantile Exchange.

According to Mr. Oulhadj in a recent statement on the appointment, “I’m deeply honored to be associated with RJO and thankful for the opportunity to grow professionally. I couldn’t be more proud of the team we’ve assembled, and I look forward to continuing our constant quest for excellence in all aspects of our operations.”

“Jamal has been a vital member of our management team, and he will be an outstanding COO for our holding company. He’s demonstrated a great command of all operational aspects of our business, and he’s earned the respect of everyone on his team, as well as our Board of Directors. We’re very pleased to recognize his contributions and entrust him with these expanded responsibilities,” added Gerald Corcoran, RJO chairman and chief executive officer.