Gary DeWaal is special counsel in the financial services division of Katten Muchin Rosenman. He joined the law firm's New York office in April 2014, after spending a year in private practice following his retirement from Newedge, the U.S. arm of the financial services group formed from the merger of Fimat and Calyon Financial.
DeWaal serves as a special advisor to the board of directors of the Futures Industry Association (FIA).. In addition, he serves as the co-vice chairman of the Institute for Financial Markets (IFM).
During the time DeWaal ran his private practice, Gary DeWaal & Associates, he published a weekly video and commentary blog, "Bridging the Week." The publication continues as "Between Bridges," a publication of Katten Muchin Rosenman.
DeWaal was affiliated with Newedge and its predecessor companies since the 1980s. He served as president, general counsel, head of operations and head of internal audit at Brody White & Co., a brokerage firm that was acquired by Fimat in 1995. He served as Fimat's global general counsel before the merger with Calyon Financial in 2007. He officially retired from Newedge at the end of 2012, but continued to act as a special advisor on regulatory and international affairs.
In June 2010, Gary was selected as one of the top five general counsels in the world (in a competition among 3,000 general counsels) by the International Law Office in association with the Association of Corporate Counsel.
John Lothian News Interviews
Gary DeWaal, group general counsel at Newedge, noted that Peregrine Financial Group (PFG) was able to dodge regulatory audit checks of its customer segregated funds for more than 20 years. DeWaal says that simply wouldn’t happen if the US adopted the system used in China’s futures markets called the China Futures Margin Monitoring Center Co. Ltd. (CFMMC). In November 2012, the National Futures Association and CME Group did just that, hiring AlphaMetrix to take on the job of confirming the money FCMs say they have in their segregated accounts, with money that is held at the bank.
In this video, a simple animation and interview with DeWaal help explain the CFMMC model. Published December 4, 2012.
Gary DeWaal of Newedge on 30 Years of Futures, Retirement and What’s Next
In 1980, DeWaal earned JD and MBA degrees from the State University of New York at Buffalo.  and in 1976 from the State University of New York at Stony Brook where he received a BA degree in English and Economics.
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