Donna Redel

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Donna Redel
NationalityAmerican
Occupation(s)Chair, Board of Commodity Exchange; Managing Director, World Economic Forum

Donna Redel is an American businesswoman and philanthropist.

Contents

Education

Redel attended Barnard College (B.A. 1974), Columbia Business School (M.B.A. 1978) and Fordham University School of Law (J.D. 1995), where she later developed and taught a course on Risk Management and Derivatives. She currently teaches at Wharton, Fordham Law and Fordham Gabelli School a course on Blockchain-Crypto Currencies-Digital Assets and a second course at Fordham Law on Smart Contracts and DeFi. . [1]

Career

Redel has managed global organizations, working especially in financial performance and governance issues, for over 30 years. Redel began her career as an investment banker, and made history in 1992 when she became the only woman ever elected Chairman of the Board of Commodity Exchange, Inc. (COMEX). [2] [3] Completed during her tenure was a merger with the New York Mercantile Exchange, creating the world's largest physical commodity exchange. From 1994 – 2000 Redel served as Chief Information and Technology Officer for both the International and Derivatives divisions of Prudential Securities. [4]

In 2000, Redel joined the World Economic Forum as Managing Director and Board Member. At the Forum Redel was directly responsible for the 1000 corporate members and the development of the Strategic Partners. Redel is known for growing a major portion of the Forum's income base while expanding both geographic and gender diversity. [5] [6]

In 2017, Redel added blockchain to her focus. She is a speaker at global conferences on regulatory and business issues, and is an advisor in the field. In 2019, Redel and Joyce Lai co-founded The Fordham Law Blockchain Regulatory Symposium:Regulation and Innovation. The inaugural Symposium, sponsored by Fordham Law School, was held on November 11.

Redel is a board member of NY Angels where she co-founded and co-chairs the Blockchain Committee and was former a member of both Women Corporate Directors and Golden Seeds – Angel Investors for Women Entrepreneurs. She is a member of The Council on Foreign Relations.

Philanthropy and women's issues

Redel is an active philanthropist, advocating for women's health issues, financial literacy, and mentorship programs. She has served on various boards including the Smeal College of Business at Penn State University, the Alliance Française, Columbia University's Paris Alliance Program, the French Institute Alliance Francaise (FIAF), Jill-E Corp, The American Friends of the Musee d"Orsay, the MoMA Photography Committee, and the Network for Teaching Entrepreneurship. She is a member of the New York - Presbyterian Hospital Advisory Council, as well as its Dean's Council, and serves as President of its Lying-In Hospital executive committee. Redel founded the Women's Leadership Initiative at the World Economic Forum. [7]

Related Research Articles

<span class="mw-page-title-main">Commodity market</span> Physical or virtual transactions of buying and selling involving raw or primary commodities

A commodity market is a market that trades in the primary economic sector rather than manufactured products, such as cocoa, fruit and sugar. Hard commodities are mined, such as gold and oil. Futures contracts are the oldest way of investing in commodities. Commodity markets can include physical trading and derivatives trading using spot prices, forwards, futures, and options on futures. Farmers have used a simple form of derivative trading in the commodities market for centuries for price risk management.

<span class="mw-page-title-main">Chicago Mercantile Exchange</span> Financial and commodity derivative exchange

The Chicago Mercantile Exchange (CME) is a global derivatives marketplace based in Chicago and located at 20 S. Wacker Drive. The CME was founded in 1898 as the Chicago Butter and Egg Board, an agricultural commodities exchange. For most of its history, the exchange was in the then common form of a non-profit organization, owned by members of the exchange. The Merc demutualized in November 2000, went public in December 2002, and merged with the Chicago Board of Trade in July 2007 to become a designated contract market of the CME Group Inc., which operates both markets. The chairman and chief executive officer of CME Group is Terrence A. Duffy, Bryan Durkin is president. On August 18, 2008, shareholders approved a merger with the New York Mercantile Exchange (NYMEX) and COMEX. CME, CBOT, NYMEX, and COMEX are now markets owned by CME Group. After the merger, the value of the CME quadrupled in a two-year span, with a market cap of over $25 billion.

<span class="mw-page-title-main">New York Mercantile Exchange</span> American futures exchange

The New York Mercantile Exchange (NYMEX) is a commodity futures exchange owned and operated by CME Group of Chicago. NYMEX is located at One North End Avenue in Brookfield Place in the Battery Park City section of Manhattan, New York City.

<span class="mw-page-title-main">Commodity Futures Trading Commission</span> Government agency

The Commodity Futures Trading Commission (CFTC) is an independent agency of the US government created in 1974 that regulates the U.S. derivatives markets, which includes futures, swaps, and certain kinds of options.

<span class="mw-page-title-main">Commodity Futures Modernization Act of 2000</span> United States federal legislation

The Commodity Futures Modernization Act of 2000 (CFMA) is a United States federal law that ensures that over-the-counter (OTC) derivatives remained unregulated.

<span class="mw-page-title-main">Wendy Lee Gramm</span> American politician

Wendy Lee Gramm is an American economist who led the Commodity Futures Trading Commission during the Reagan administration. She is also the wife of former United States Senator Phil Gramm. Gramm has gained notoriety for her role in the Enron scandal.

<span class="mw-page-title-main">Joseph Grundfest</span> American academic

Joseph Grundfest is an American academic. He is the William A. Franke Professor of Law and Business at Stanford Law School and co-director of the Rock Center on Corporate Governance at Stanford University. He joined Stanford's faculty in 1990 after having served for more than four years as a Commissioner of the United States Securities and Exchange Commission, a position to which he was appointed by President Ronald Reagan.

<span class="mw-page-title-main">CME Group</span> American financial derivatives company

CME Group Inc. is a financial services company. Headquartered in Chicago, the company operates financial derivatives exchanges including the Chicago Mercantile Exchange, Chicago Board of Trade, New York Mercantile Exchange, and The Commodity Exchange. The company also owns 27% of S&P Dow Jones Indices. It is the world's largest operator of financial derivatives exchanges. Its exchanges are platforms for trading in agricultural products, currencies, energy, interest rates, metals, futures contracts, options, stock indexes, and cryptocurrencies futures.

<span class="mw-page-title-main">Williams Act</span> 1968 law amending the Securities and Exchange Act of 1934

The Williams Act (USA) refers to 1968 amendments to the Securities Exchange Act of 1934 enacted in 1968 regarding tender offers. The legislation was proposed by Senator Harrison A. Williams of New Jersey.

<span class="mw-page-title-main">National Futures Association</span> United States self-regulatory organization for derivatives

The National Futures Association (NFA) is the self-regulatory organization (SRO) for the U.S. derivatives industry, including on-exchange traded futures, retail off-exchange foreign currency (forex) and OTC derivatives (swaps). NFA is headquartered in Chicago and maintains an office in New York City. NFA is a non-profit, independent regulatory organization. NFA does not operate any markets and is not a trade association. NFA is financed from membership dues and assessment fees, and membership is mandatory for many market participants.

The Forward Markets Commission (FMC) is the regulatory body for the commodity market and futures market in India. It is a division of the Securities and Exchange Board of India, Ministry of Finance, Government of India. As of July 2014, it regulated Rs 17 trillion worth of commodity trades in India. It is headquartered in Mumbai and this financial regulatory agency is overseen by the Ministry of Finance. The Commission allows commodity trading in 22 exchanges in India, of which 6 are national.

<span class="mw-page-title-main">Brooksley Born</span> American lawyer

Brooksley Elizabeth Born is an American attorney and former public official who, from August 26, 1996, to June 1, 1999, was chair of the Commodity Futures Trading Commission (CFTC), the federal agency which oversees the U.S. futures and commodity options markets. During her tenure on the CFTC, Born lobbied Congress and the President to give the CFTC oversight of off-exchange markets for derivatives, in addition to its role with respect to exchange-traded derivatives, but her warnings were ignored or dismissed, and her calls for reform resisted by other regulators. Born resigned as chairperson on June 1, 1999, shortly after Congress passed legislation prohibiting her agency from regulating derivatives.

<span class="mw-page-title-main">Sumitomo copper affair</span> Metal trading scandal in Japan

The Sumitomo copper affair refers to a metal trading scandal in 1996 involving Yasuo Hamanaka, the chief copper trader of the Japanese trading house Sumitomo Corporation (Sumitomo). The scandal involves unauthorized trading over a 10-year period by Hamanaka, which led Sumitomo to announce US$1.8 billion in related losses in 1996 when Hamanaka's trading was discovered, and more related losses subsequently. The scandal also involved Hamanaka's attempts to corner the entire world's copper market through LME Copper futures contracts on the London Metal Exchange (LME).

<span class="mw-page-title-main">Blythe Masters</span> British economist (born 1969)

Blythe Sally Jess Masters is a British private equity executive and former financial services and fintech executive. She is a former executive at JPMorgan Chase, where she was widely credited for developing the credit default swap as a financial instrument.

<span class="mw-page-title-main">John D'Agostino (financial services)</span> American businessperson

John Joseph D'Agostino is an American business executive and entrepreneur. D'Agostino is a senior advisor to Coinbase and Chairman of US Asset Management Committee for the Department for International Trade. He previously was managing director at the world's largest fund governance firm DMS Offshore, where he was also on the board of hedge funds providing independent oversight. He was previously a managing director at Alkeon Capital Management, a multibillion-dollar registered investment adviser. Prior to this, D'Agostino was known primarily for his involvement in the early development of the Dubai Mercantile Exchange. In 2021, Mr. D'Agostino co-founded the Alternative Investment Management Association (AIMA) Digital Asset Working Group. He was named Fellow of the AIF Global Innovation Institute in 2022. D'Agostino has been on the board of Surf Air, an aviation and air charter company since 2018.

<span class="mw-page-title-main">J. Christopher Giancarlo</span> American lawyer (born 1959)

J. Christopher Giancarlo is an American attorney and former business executive who served as 13th chairman of the United States Commodity Futures Trading Commission (CFTC). Giancarlo was sworn in as a CFTC commissioner on June 16, 2014, for a term expiring on April 13, 2019. Starting on January 20, 2017, with President Donald Trump's inauguration, Giancarlo began serving as acting chair of the CFTC. In March 2017, the president nominated Giancarlo to be full-time chair of the commission. Giancarlo was confirmed as chairman of the commission by the United States Senate on August 3, 2017.

<span class="mw-page-title-main">Charles M. Seeger</span> American lawyer

Charles Morgan Seeger III is an American attorney, author, and international derivatives and financial markets expert. Since 1992, Mr. Seeger serves as President & CEO of Financial Markets International, Inc., (FMI) a law and economic consulting firm.

Kathleen M. Hamm is an American lawyer, federal regulator and fintech and cybersecurity expert, formerly a board member of the Public Company Accounting Oversight Board, and Counselor to the Deputy Secretary of the U.S. Department of Treasury for cyber policy and financial regulation. In April 2021, her alma mater, University at Buffalo School of Management, named her Accountant of the Year.

<span class="mw-page-title-main">Thomas A. Russo</span> American lawyer, professor, and author (born 1943)

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References

  1. "Error".
  2. Faison, Seth. "Comex Chooses Leader At Time of Big Decisions" "The New York Times", March 25, 1992.
  3. "Woman Elected to Head Comex" "Los Angeles Times" March 25, 1992.
  4. Eichenwald, Kurt. "Shake-Up Under Way At Prudential" "The New York Times", June 06, 1994.
  5. Zunitch, Victoria. "Women Power Brokers Aim for More", January 22, 2003.
  6. Davies, Robert & Donna Redel. "Can Economic Engagement Offer Alternatives to Extremism?" [ dead link ] "Arab News", September 5, 2005.
  7. Schepp, David. "Women demand greater say" "BBC News", February 4, 2002.