Bernard Dan

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Bernard Dan
Image:BernieDan.jpg
Occupation CEO
Employer BWD Consulting, LLC
Location Chicago

Bernard W. Dan is a experienced financial services executive and head of BWD Consulting, LLC. Previously he was chief executive officer of MF Global and before that CEO of the Chicago Board of Trade. He has also served as president of Cargill Investor Services.[1]

Background

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Dan resigned as CEO of MF Global and as a director for personal reasons on March 23, 2010. He remained with the company through May 16, 2010, in an interim capacity to ease the transition of duties to Jon S. Corzine, the incoming CEO.[2]

Dan was appointed CEO of MF Global on Oct. 29, 2008 and succeeded Kevin R. Davis, who resigned from the company and its board of directors after 17 years with MF Global.[3]

Dan was promoted to global chief operating officer and president on Sept. 11, 2008 after joining the brokerage firm as North American COO on June 12, 2008. Dan had been a special adviser to the CME Group from July 9, 2007, following the merger of the CME and the Chicago Board of Trade,[4] where he served as president and CEO from Nov. 5, 2002.[5]

Dan was elected to a two-year spot as a director for the Futures Industry Association (FIA) on March 11, 2009 at the FIA's annual meeting in Boca Raton, Fla.[6] He also serves on the CFTC Global Markets Advisory Committee.[7] [8]

On April 27, 2009 Dan was elected to serve on the board of directors of the Depository Trust & Clearing Corporation. [9][10]

As MF Global's president and global COO, Dan had worldwide responsibility for operations and technology for all MF Global entities in more than a dozen countries.[11]

Previously, as COO of North America for MF Global, Dan was responsible for MF Global's technology and operations, including the control environment and overall administration for all MF Global's North American operating entities. He also joined the company's executive management committee.[12]

On March 10, 2008 Dan was nominated for a position on the board of directors of Penson Worldwide, Inc.[13] Only a few months later, on June 20, 2008, Dan delivered notice of his resignation as a member of the board of directors of Penson Worldwide. It was noted that he had recently accepted the role of chief operating officer of North American operations for MF Global. Dan's resignation was said not to be due to any disagreement with Penson.[14]

Dan joined the CBOT in July 2001 and, prior to his appointment as president and CEO when David Vitale resigned,[15] served as executive vice president, where he oversaw the open-auction and screen-based business units, as well as product development and marketing initiatives.

Prior to joining the CBOT, Dan was president and CEO of Cargill Investor Services, Inc.[16][17](CIS), a wholly owned subsidiary of Cargill, Inc., the U.S. agribusiness group. He assumed the leadership role in June 1998 having joined CIS in 1985, holding a variety of operational positions while in Chicago. In 1986, he was assigned to Cargill Investor Services, London as administrative manager responsible for all operational activities. In 1989, he was assigned to the CIS New York regional office as administrative manager, and subsequently was named CIS assistant vice president in October 1991 and vice president in June 1993. He became director of Cargill Investor Services (Singapore) Pty. Ltd. upon the company’s formation in November 1994, and continued in that position until April 1997. He returned to Chicago in June 1997 and served as vice president, global head of execution, a position to which he was appointed in April 1997.

Prior to joining Cargill, Dan worked with the National Futures Association and Schultz & Chez, LLP, a Chicago-based accountancy firm, from 1983 to 1985.[18] He was elected to a three-year term as a governor of the Board of Trade Clearing Corporation (BOTCC), now The Clearing Corporation, in February 1999. He also served as first vice chairman of the BOTCC.

In November 2008, Dan was an honorary committee member of the FIA Futures Cares Charity Dinner where over $300,000 was raised in support of the Greater Chicago Food Depository.[19]


Other Affiliations

Dan is a member of the board of trustees for Fenwick High School, Oak Park, Illinois, and serves as a member of the board of regents for St. John’s University, Collegeville, Minnesota. He is also a member of The Executives Club of Chicago, The Commercial Club of Chicago and Operation Hope Incorporated – regional board of directors.

Dan is an Eagle Scout and is a Midwestern board member of financial literacy nonprofit Operation Hope.[20]

Public Testimony

In early March of 2010, Dan reportedly told a reporter at the Futures Industry Association's annual conference in Boca Raton that a push by federal futures regulators to lower the amount of borrowed funds U.S. retail foreign exchange investors could use is the wrong regulatory approach and could push business overseas.

Education

A native of Chicago, Dan received a bachelor of science degree in Accounting from St. John’s University.

Video Interviews

Registration Information

References

  1. ↑ Bernard Dan. Linkedin. Retrieved on June 4, 2010.
  2. ↑ MF Global Appoints Jon S. Corzine Chairman and Chief Executive Officer. MF Global. Retrieved on March 23, 2010.
  3. ↑ Press Release. MF Global. Retrieved on October 29, 2008.
  4. ↑ Chicago Merc edges out ICE to win CBOT bid. MarketWatch. Retrieved on January 29, 2008.
  5. ↑ Bernard W. Dan President and Chief Executive Officer, Chicago Board of Trade. CME Group. Retrieved on January 29, 2008.
  6. ↑ Press Release. Futures Industry Association. Retrieved on March 16, 2009.
  7. ↑ Global Markets Advisory Committee Members. Commodity Futures Trading Commission. Retrieved on November 20, 2009.
  8. ↑ CFTC, Toothless Regulator, Looks to Take a Bite Out of Derivatives. Huffington Post. Retrieved on November 20, 2009.
  9. ↑ Four Senior Executives Named to DTCC Board of Directors. Depository Trust & Clearing Corporation via Business Wire. Retrieved on April 27, 2009.
  10. ↑ Bernie Dan joins DTCC's board. Financial News. Retrieved on April 28, 2009.
  11. ↑ MF Global Names Bernard W. Dan President and Global Chief Operating Officer. MF Global. Retrieved on September 11, 2008.
  12. ↑ Bernard Dan Joins MF Global. MF Global. Retrieved on June 12, 2008.
  13. ↑ Penson Worldwide, Inc. Nominates Futures Industry Leader Bernard W. Dan to Board of Directors. Penson Worldwide, Inc.. Retrieved on March 10, 2008.
  14. ↑ Pension Worldwide - Bernard W. Dan Resigns as Director of Penson Worldwide Inc.. BusinessWeek. Retrieved on July 1, 2008.
  15. ↑ CBOT CEO’s Resignation Sets Tongues Wagging. Waters Magazine. Retrieved on January 29,2008.
  16. ↑ Clearing Corp. embraces B2B. IT World. Retrieved on January 29, 2008.
  17. ↑ Cargill and Carr changing guards. Highbeam Research. Retrieved on January 29, 2008.
  18. ↑ Bernard W. Dan. Swiss Futures & Options Association. Retrieved on January 29, 2008.
  19. ↑ Futures Industry Association. Swiss Futures & Options Association. Retrieved on November 13, 2008.
  20. ↑ Bernard 'Bernie' Dan. Operation Hope. Retrieved on March 23, 2010.


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