In other People Moves, Barclays fills out its board, the SEC signs up investors and R.J. O’Brien hires from SCB Group.
More than $85M Awarded to 32 Whistleblowers
Sean McKessy, chief of whistleblower office, SEC
SEC officials report that Sean McKessy, chief of the SEC’s office of the whistleblower, is planning to leave the agency later this month.
McKessy became the first head of SEC’s whistleblower program in February 2011, the SEC notes in a statement, and he “helped establish the whistleblower office that assesses and reviews all whistleblower tips received by the agency, evaluates whistleblower award claims, and makes recommendations to the Commission on whether claimants have satisfied eligibility requirements to receive an award.”
During his tenure, the whistleblower office, “reviewed more than 14,000 whistleblower tips from individuals in every state in the country as well as the District of Columbia and 95 foreign countries,” and awarded more than $85 million to 32 whistleblowers, per the commission’s tally, which also pegs the resulting sanctions total at “more than $504 million.”
Barclays Names Non-Executive Director
Mary Francis, non-executive director, Barclays
Barclays PLC and Barclays Bank PLC report that Mary Francis has been named a non-executive director of Barclays, effective October 1, 2016.
The bank notes that Francis is a CBE, or Commander of the Most Excellent Order of the British Empire, and that she has is currently on the boards of Swiss Re Group and Ensco plc.
Previously, she was a senior independent director on the board of Centrica and a non-executive director of Aviva, Cable & Wireless Communications, the Bank of England and Alliance & Leicester, according to a Barclays statement.
Bank officials also note her 12 years at HM Treasury, and her tours as private secretary to the prime minister, deputy private secretary to Queen Elizabeth II and director general of the Association of British Insurers.
SEC Names Investor Advisory Committee Members
The SEC reports the appointment of three new members to its investor advisory committee (IAC), as well as the reappointment of five members whose terms recently expired.
John Coates, professor, Harvard Law School
Elisse Walter, former chairman, SEC
The new IAC members are:
- John Coates, John F. Cogan Jr. professor of law and economics at Harvard Law School, and research director of the Center on the Legal Profession;
- Nancy LeaMond, executive vice president, chief advocacy & engagement officer, community, state & national affairs, AARP;
- And Elisse Walter, former chairman, SEC.
The reappointed IAC members are:
Stephen Holmes, general partner emeritus, InterWest Partners.
Barbara Roper, director of investor protection, Consumer Federation of America.
Kurt Schacht, managing director, CFA Institute.
Anne Sheehan, director of corporate governance, California State teachers’ retirement system.
Damon Silvers, director of policy and special counsel, AFL-CIO.
The new and reappointed members join eight other, currently serving members of the committee.
The IAC was established under Dodd-Frank, to “advise the Commission on regulatory priorities, regulation of securities products, trading strategies, fee structures, disclosure effectiveness, and initiatives to protect investors and promote investor confidence and the integrity of the U.S. securities markets.”
R.J. O’Brien Hires Ethanol Specialist
R.J. O’Brien & Associates (RJO), the Chicago-based futures brokerage and clearing firm, reports that Jordan Stern has joined the firm as senior vice president of ethanol.
Stern, who will be based in Chicago, will focus on “building out the firm’s futures, swaps and physical brokerage capabilities in ethanol and other biofuels,” according to a statement.
Stern joins from SCB Group, an interdealer broker that specializes principally in biofuels, according to RJO, which notes that he is “particularly well-known for the role he has played in helping the industry develop the futures and options market for ethanol.”
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