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Chicago-based R.J. O’Brien & Associates (RJO), which describes itself as the oldest and largest independent futures brokerage and clearing firm in the U.S., reports that Jamal Oulhadj, its senior managing director and chief risk officer (CRO), has been promoted to chief operating officer (COO) of RJO Holdings Corp., the firm’s holding company.
Oulhadj, 50, has “ultimate responsibility for the firm’s global risk, operations, credit and information technology functions,” according to a statement, which also notes his “more than 15 years of experience in risk management.”
He joined RJO as CRO in 2006, taking on the operations and technology areas as well in 2011 as part of a streamlining effort to promote the integration among risk management, operations and technology, officials say. “He previously served for nearly eight years as risk officer for Refco,” officials say. “Previously, he was a senior research analyst at the Chicago Mercantile Exchange (now CME Group), where he helped develop financial products.”
Oulhadj has “demonstrated a great command of all operational aspects of our business, and he’s earned the respect of everyone on his team, as well as our board of directors,” Gerald Corcoran, RJO chairman and CEO, says in the statement.
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