Leading independent interdealer broker OTC Global Holdings (OTCGH) announced the expansion of its Compliance department with the promotion of several employees and the addition of new hires.
At the helm of the Compliance Team overhaul, Sneha Bagri will serve as Senior Vice President and Chief Compliance Officer. In her role, Bagri oversees all of OTCGH’s compliance and regulatory dealings, including four NFA-registered IBs globally. With 17 years of experience in the futures industry, Bagri has been managing the compliance program at OTCGH since 2015. Prior experience includes Goldman Sachs futures operations for nine years, where she led multiple risk review global initiatives including the Dodd-Frank conversion of OTC swaps to cleared futures.
“Our record growth and the expansion plans for the next 24 months require us to double-down on our compliance capabilities,” said Javier Loya, Co-CEO at OTC Global Holdings. “The need has emerged not only to service the regulatory commitments of OTCGH, but also to bring our compliance officers to the table before decisions are made to ensure and confirm all our operations are within regulation,” he added.
“It has been an honor to work along Javier, Joe, and the entire OTCGH team as the company has grown into the largest interdealer broker of commodities in the world. We have a great team with excellent experience, and the new hires and internal promotions will help us maintain a tough compliance department commensurate with the expansion plans of the firm,” said Bagri.
Today’s announcement also includes the promotion of Jennifer Lauletti to Compliance Manager and Lavinia Nemer to Compliance Analyst. The company also announced the addition of Bill Phypers as Senior Compliance Officer overseeing OTC Europe and Lloyd Jensen as Compliance Officer for Oil Brokerage Limited, an OTC Global Holdings subsidiary in London, the statement said.
“We are delighted to add Bill and Lloyd to our UK compliance team,” says Joe Kelly, Co-CEO of OTC Global Holdings. “They will work closely with our CFO to deliver all aspects of OTCE’s and OB’s compliance program, including stewarding and on-boarding brokers, AML compliance, market surveillance and general trade queries from exchanges and regulators.”
Bill Phypers will occupy the position of FCE and NFA registered Compliance Officer and Money Laundering Reporting Officer for both OTCE and OB. He is a veteran commodities compliance officer joining OTCGH from TP ICAP, where he spent the past 10 years. Lloyd Jensen is a former commodities trader and compliance officer with more than 15 years of experience working with household names such as BGC, EDF&Man as well as PVM Oil Futures and Newedge Prime Brokerage Group.
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