Commissioner O’Malia recently announced that he would be resigning from the CFTC. Following his announcement, ISDA announced that Mr. O’Malia would become CEO of the association on August 18, 2014. Mr. O’Malia’s resignation follows the recent confirmations of Timothy Massad as Chairman, and Sharon Bowen and J. Christopher Giancarlo as Commissioners. Mark Wetjen currently also serves as Commissioner. It is unknown at this time whether President Obama will appoint a fifth Commissioner to replace Mr. O’Malia prior to the completion of his term as President.
Chairman Massad named Aitan Goelman as the agency’s Director of the Division of Enforcement. Mr. Goelman joins the CFTC from the law firm Zuckerman Spaeder LLP, where he has been a litigation partner for 11 years. Mr. Goelman’s practice focused on white collar crime and complex commercial litigation. Mr. Goelman previously served in the Department of Justice for nine years, including as an Assistant U. S. Attorney in the Southern District of New York and as a Special Attorney to the U.S. Attorney General. At Justice, he handled white-collar criminal cases involving bank, wire, mail and securities fraud, as well as RICO, and violent crimes.
Gretchen Lowe was named principal deputy director and chief counsel of the CFTC's Division of Enforcement. She had been serving as Acting Director of the division until the recent appointment of Aitan Goelman.