CFTC Announces Departure of Clearing and Risk Director Clark Hutchison
WASHINGTON, D. C. — The Commodity Futures Trading Commission today
announced Division of Clearing and Risk Director Clark Hutchison will
depart the agency Jan. 15. Mr. Hutchison has served as director since
July 2019.
“Clark has led the Division of Clearing and Risk
with distinction for nearly six years, bringing extensive market
experience to the CFTC, and guiding the Commission through periods of
immense market growth, multiple episodes of historic volatility, and
significant changes in market structure,” said CFTC Chairman Rostin
Behnam. “Clark’s precise, thoughtful and practical approach to
management and financial markets policy will be missed across the
CFTC. I wish Clark well as he turns to new opportunities in his
career. ”
“I want to thank Chairman Behnam for appointing me
to lead the Division of Clearing and Risk,” said Hutchison. “I
especially want to thank the staff of the division and all of CFTC for
making this job one of the highlights of my career. ”
Mr.
Hutchison, who has no announced plans, managed a team that are
responsible for the agency’s supervision of derivatives clearinghouses
and their members, including oversight of clearing processes through
risk assessment and surveillance.
Prior to joining the CFTC,
Mr. Hutchison spent more than three decades in top positions in large
global financial institutions, where he specialized in clearing and
risk management. In addition to his private sector experience, Mr.
Hutchison has served as a special advisor to the board of directors of
the Futures Industry Association, as a member of the Chicago
Mercantile Exchange’s Risk Committee, and as a member of the board of
directors of NASDAQ Futures, Inc.