Brian Quintenz takes up role at CFTC 16 August 2017Washington DC Reporter: Mark Dugdale
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Brian Quintenz was sworn in as a commissioner of the US Commodity Futures Trading Commission (CFTC) yesterday.
Quintenz will serve as commissioner until April 2020. The Senate confirmed him on 3 August.
The new commissioner founded and served as the managing principal and chief investment officer of Saeculum Capital Management, a registered commodity pool operator that specialised in risk management and technical analysis investment strategies.
He started out at Hill-Townsend Capital, where he performed valuation analysis on regional and global banks, projected future earnings estimates, and implemented proprietary hedging strategies.
“I’m deeply honored to be sworn in as a commissioner of the CFTC,” said Quintenz right after his swearing in. “I have tremendous respect for this agency and the people who work here. I look forward to working to fulfill the agency’s mission to foster open, transparent, competitive, and financially sound markets.”
Commissioner Sharon Bowen said in June that she will step down from her role at the CFTC soon, despite having two years on her term still to run.
The CFTC should consist of five commissioners appointed by the US president, but only chairman Christopher Giancarlo and Quintenz will be in place were Bowen to step down today.
President Donald Trump’s stay in the White House has been dogged by a slower-than-usual confirmation process, with many of the top jobs at the country’s agencies left unfilled.
Russ Benham, who serves as senior counsel for the Senate committee on agriculture, nutrition and forestry, was confirmed as a commissioner at the same time as Quintenz.
Dawn Stump, another aide to the Senate committee on agriculture, nutrition and forestry, has been put forward for confirmation. Stump previously worked at NYSE Euronext.
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