The board of directors of the US National Futures Association (NFA) has approved the appointment of Michael Otten as vice president, OTC Derivatives.
“We are thrilled to welcome Mike to this senior position overseeing NFA’s OTC derivatives department,” says NFA’s CEO and president Thomas Sexton. “With his significant regulatory experience and extensive background, Mike will be an immediate contributor to NFA’s leadership team. We are fortunate that such an experienced professional with deep industry knowledge will be joining us.”
Otten joins from Nomura Americas where he was executive director, global markets legal and played a key role planning and implementing the firm’s swap dealer regulatory framework. He also has CFTC experience where he served as legal counsel to three CFTC Chairmen – Walt Lukken, Reuben Jeffery and Gary Gensler – and CFTC Commissioner Jill Sommers.