Who is Timothy Massad?

Timothy Massad looks a lot like the man he has been nominated to replace as chairman of the Commodity Futures Trading Commission (CFTC), Gary Gensler. Dealers hope the resemblance ends there, but they have not had much to go on: the most common question following his nomination was, "Tim who?"

The picture that emerges from the conversations Risk had with three former colleagues of Massad's at white shoe law firm Cravath, Swaine & Moore, where he spent 25 years as a corporate lawyer – as well as