The National Futures Association (NFA), a self-regulatory organization in the United States, has changed its leadership today, announcing Thomas Sexton to its Board of Directors, who will be serving as the group’s President and Chief Executive Officer, according to an NFA statement.
Mr. Sexton will step into his new role on March 1, 2017 and will be succeeding Daniel Roth, the group’s existing CEO. Mr. Roth is slated to relinquish his role in May 2016, though he will be working with NFA’s board and Mr. Sexton to help facilitate an effective transition.
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The appointment itself follows on the heels of a lengthy search that has been several months in the making – the NFA’s Board of Directors finally settled on Mr. Sexton in an unanimous choice. For his part, Mr. Sexton has been a part of the NFA since 1991 – he was promoted to Assistant General Counsel in 1998, and to General Counsel and Secretary in 2001.
According to Michael Dawley, NFA Board Chairman, in a recent statement on the appointment: “Selecting a strong successor who will continue our mission has been of the utmost importance for NFA’s Board. After going through a robust search process, the Board is even more confident that Tom is the right person to ensure that NFA fulfills its expanding regulatory responsibilities and addresses the new challenges in the years ahead.”
“Over the past several years, Tom has been exposed to every facet of NFA’s operations, from technology to swaps compliance to registration to NFA’s finances. He has the support of the Board and the senior management team and is best positioned to extend NFA’s current direction into the future,” added Mr. Roth in an accompanying statement.