Washington, D. C. — CFTC Commissioner Summer Mersinger announced
today that Chris Lucas will serve as Chief of Staff and Counsel, Terry
Arbit will serve as Senior Counsel, and Elizabeth (Libby)
Mastrogiacomo will serve as Senior Counsel.
“At such a
critical moment for the CFTC, I am delighted to welcome Chris, Terry,
and Libby to my team,” said Commissioner Mersinger. “Their deep
expertise will be invaluable as we work to promote integrity,
resilience, and innovation within the CFTC and more broadly in US
Chris Lucas, Chief of Staff and Counsel
Chris Lucas joins Commissioner Mersinger’s office from BNY
Mellon where he was Co-Head of US Government Affairs. Before joining
BNY Mellon, Chris served in the Senate in a variety of roles, first as
Counsel to Small Business Committee Ranking Member Olympia Snowe
(R-ME) where he was Senator Snowe’s lead staffer during the
consideration of what became the Dodd-Frank Act. Later, Chris was
Investigative Counsel to Senate Judiciary Committee Ranking Member
Charles Grassley (R-IA) where he focused on investigations and
oversight into financial markets and financial market regulators and
finally as Legislative Counsel to Senator Mike Rounds (R-SD) where he
was responsible for the Senator’s Banking Committee portfolio as well
as a variety of other issues including agriculture.
a B. A. from the University of Rochester and a J. D. from Brooklyn Law
Terry Arbit, Senior Counsel
Terry Arbit joins
Commissioner Mersinger’s office after working closely with her in the
office of former Commissioner Dawn Stump. There, he provided legal and
policy advice on matters arising primarily from the Division of Market
Oversight, the Market Participants Division, and the Legal Division,
as well as recommended actions from the Division of Enforcement.
Terry had previously spent 17 years at the agency from 1996 to
2013, in a variety of roles. He served as Acting General Counsel
during 2007-2009, concentrating on the regulatory response to the
financial crisis. And while subsequently serving as Deputy General
Counsel for Legislative and Intergovernmental Affairs, Terry provided
legislative assistance to agency leadership and Congressional staff
regarding the derivatives reform provisions of the Dodd-Frank Act.
Terry also has served as legal counsel to former CFTC Chairman Reuben
Jeffery III and former Commissioner Mark Wetjen. He started his CFTC
career as Acting Chief Counsel and as a trial attorney in the Division
Terry also has spent 12 years in private law
practice, and began his government service with five years in the
professional liability section of the Resolution Trust Corporation,
which was receiver for failed savings-and-loan institutions.
He received joint M. A. /B. A. degrees from the University of
Pennsylvania, and a J. D. from the University of Chicago Law School.
Elizabeth Mastrogiacomo, Senior Counsel
(Libby) Mastrogiacomo joins Commissioner Mersinger’s office after most
recently serving as Senior Counsel to former Commissioner Dawn Stump.
In that role, Libby was Commissioner Stump’s lead advisor on clearing
and cross-border derivatives issues, including the regulation of non-
US central counterparties and other non-US infrastructure providers,
the CFTC’s response to Brexit, and the agenda for the Global Markets
Advisory Committee, which Commissioner Stump sponsored. Libby also
advised Commissioner Stump on a variety of rulemakings, enforcement
actions, examinations, and legal matters.
Before joining the
CFTC, Libby practiced law in the Derivatives group of Skadden, Arps,
Slate, Meagher & Flom LLP. There, she counseled CFTC-registered
trading platforms, clearing organizations, swap dealers, and swap data
repositories, as well as banks, asset managers, pension funds, and end
users of derivatives in a wide variety of matters. She has represented
clients before the CFTC, the SEC, the Board of Governors of the
Federal Reserve, the FDIC, and Congress. Libby also has extensive
experience with international standard setting bodies, particularly in
the context of central counterparty resilience, recovery, and
Libby has a B. B. A. from the College of William
and Mary and a J. D. from The George Washington University Law School.
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