J. Robert “Bo” Collins Jr.

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Robert "Bo" Collins
JamesBoCollins-200px.jpg
Occupation Chairman and CEO
Employer Mercantile Global Holdings
Location Houston, Texas
Twitter @Beauregarde
LinkedIn Profile

J. Robert "Bo" Collins is the chairman and CEO of Mercantile Global Holdings, which operates the crypto exchange, San Juan Mercantile Exchange, set to launch in June 2019, and SJMBT its partner bank for crypto trading and custody services.[1]

He is also chief executive officer & founder of Renovatio PR, a fintech incubator that helps startups innovate, fourder and management member of Morpheus Asset Strategies, a physical crude oil market service provider and founder of Matrix Global, a financial products development company and advisor to energy firms. He is also co-founder and managing member at Lone Star Capital, a private investment firm.[2][3]

Background

Collins is a former president of the New York Mercantile Exchange (NYMEX), a post he held from July 12, 2001 until resigning on June 4, 2004. Collins resigned amidst a controversial move by the NYMEX board, who decided to cut his pay to $1 million from $1.2 million after Collins supported a bid by private equity firm Parthenon Capital to buy NYMEX for $980 million.[4]

NYMEX went public in November 2006, a move that raised $384 million.[5] and was sold in August 2008 to CME Group for about $8.3 billion.

Collins also founded an energy trading hedge fund called MotherRock in 2005, which collapsed in August 2006 after making several highly leveraged trades on the natural gas market which brought the company down.[6]

After MotherRock, Collins was a principal in the International Derivatives Clearing Group (IDCG), a derivatives clearing organization now owned by LCH.Clearnet LLC. It was registered by the U.S. Commodity Futures Trading Commission to clear interest rate swaps. Its registration has been dormant since May 2019.

Before joining NYMEX, Collins was senior vice president for natural gas trading at El Paso Corp.[7]

Education

References

  1. Why the former president of NYMEX is betting his wealth on building a crypto bank. The Block Crypto.
  2. Leadership. Renovatio PR.
  3. James Collins. LinkedIn.
  4. NYMEX chief quit over pay cut. Energy Risk.
  5. NYMEX IPO Looks Stellar. TheStreet.com.
  6. Will Bo Collins' Second Act Be Golden?. Business Week.
  7. MotherRock Energy Hedge Fund Closing After Losses. Bloomberg.