“Our deep commitment to advancing best practices align well with FXPA’s goals of championing a robust FX market for all industry participants.”
The Foreign Exchange Professionals Association (FXPA), the industry body that represents a diverse cross-section of the institutional FX marketplace, has welcomed Mesirow as its newest member.
FXPA represents the collective interests of the institutional FX industry to advance a sound, liquid, transparent, and competitive global currency market to policymakers and the marketplace through education, research, and advocacy.
Championing a robust FX market for all industry participants
Mesirow Currency Management, which has celebrated a record year – surpassing $130 billion in assets under management as of December 31, 2022, is now part of the Washington-based organization that represents the collective interests of professional foreign exchange industry participants.
Mesirow’s assets under management includes AUM associated with (i) active and passive currency risk management products $130.20 billion, (ii) non-fx overlay strategies such as equitization and beta overlays $671.03 million, and (iii) alpha strategies $32,482,451.
Joe Hoffman CFA, CEO of Mesirow Currency Management, said: “We look forward to working with the broad spectrum of FX market participants that comprise the membership of FXPA. Our deep commitment to advancing best practices align well with FXPA’s goals of championing a robust FX market for all industry participants.”
Acting Chair, Chris Leonard-Appleton, Head of FX Risk & Regulation, LSEG, commented: “We are thrilled to have Mesirow join the membership of FXPA. We are excited to welcome Mesirow’s voice to our association.”
FXPA’s Chip Lowry joined CFTC’s MRAC as a member
In September 2022, the FXPA announced its board member Chip Lowry has been selected as a member of the Commodity Futures Trading Commission’s (CFTC) Market Risk Advisory Committee (MRAC).
Chip Lowry is Senior Managing Director at State Street Global Markets. He’s been with the leading US bank since 1992. He has already served as FXPA chair, and will represent FXPA on the CFTC committee, which is comprised of approximately 30 members. MRAC is sponsored by CFTC Commissioner Kristin Johnson.
Since 2014, the FXPA has established itself as a respected industry thought leader and resource for global policymakers.
The FXPA has recently engaged on a number of FX-specific and market-wide regulatory and policy issues in the US, Europe, and Asia. More specific to derivative markets, the FXPA has been involved in questions related to the trading and clearing of non-deliverable forwards (NDFs), the regulation of digital assets, post-trade swap data reporting, and swap execution facility (SEF) registration and regulation.