Daniel Roth steps up to become NFA president

Daniel Roth has been named as the new president and chief executive of the Chicago-based National Futures Association (NFA), effective January 1, 2003. He replaces Robert Wilmouth, NFA's president since its inception in 1982. Wilmouth will remain at the Association in an advisory capacity.

The NFA was founded in 1982 with the goal of strengthening the US futures industry, amid growing concerns about commodities investment fraud and firm insolvencies. Any firm or individual conducting business on behalf of the investing public on any US futures exchange must be a member of the NFA. The US Commodity Futures Trading Commission (CFTC) oversees its activities.

Roth joined the NFA in 1983 as an attorney, and was promoted to assistant general counsel in 1985, to general counsel and secretary in 1987, and to executive vice-president and chief operating officer in 2000.

Prior to joining the NFA, Wilmouth was president and chief executive officer of the Chicago Board of Trade.

The NFA has also promoted Daniel Driscoll to chief operating officer. He came to the NFA in 1982 from the CFTC and served as vice-president of compliance until 2000 when he became executive vice-president and chief compliance officer.