FIA appoints new president

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The Futures Industry Association (FIA) has appointed Walter Lukken – currently the chief executive of New York Portfolio Clearing (NYPC) – to be its new president and chief executive. Lukken takes the reins while the futures industry is still responding to the collapse of MF Global at the end of last October. Lukken will take up the post in time for the next annual meeting of the FIA board of directors, scheduled for March 12. He replaces John Damgard, who was appointed FIA presid