Dorothy DeWitt has been appointed as director of the Division of Market Oversight at the US Commodity Futures Trading Commission (CFTC).
In this role DeWitt will be responsible for the CFTC’s supervision of derivatives platforms and swap data repositories, including the evaluation of new platform-traded products.
“I am excited Dorothy will soon be joining our team,” says CFTC chairman, Heath Tarbert. “She brings to the CFTC more than 20 years of private sector experience in the financial services and legal fields. Her strong investment, risk, legal and compliance background and familiarity with distributed ledger technology, including cryptoassets, will be invaluable as the agency looks to develop a holistic approach to regulating 21st century commodities.”
“I also want to thank Dorothy’s predecessor, Amir Zaidi, for his more than nine years of service at the CFTC,” adds Tarbert. “We wish him all the best as he begins an exciting new chapter. I also deeply appreciate Vince McGonagle’s current leadership of the Division in an acting capacity. A CFTC veteran for two decades, Vince is among the very best career professionals in the regulatory community.”
DeWitt will join the CFTC from Coinbase, a cryptocurrency trading platform provider, where she was a vice president and general counsel for business lines and markets. She previously served in senior legal and compliance roles for Citadel Securities and S&P Global, and as an attorney at Davis Polk & Wardwell.
Prior to that, DeWitt was a partner and portfolio manager at Cadogan Management, where she co-led the investment group before transitioning to become general counsel. She has also worked as a portfolio manager for GAM and a research analyst at ING Furman Selz.
Before her career in the private sector, DeWitt clerked for United States District Court Judge John Sprizzo in the Southern District of New York.