Expert resume of Mark C. Brickell
Chairman and Chief Executive Officer, Clear Markets Holdings, Inc.; Former Chairman, International Swaps and Derivatives Association (ISDA)
Mark Brickell has been in the derivatives business for more than 28 years. As Chief Executive Officer at Clear Markets, the builder of an electronic system for negotiating, executing, and recording derivatives transactions, he has worked to increase transparency in the swap business.
Before joining Clear Markets, Mr. Brickell worked for 25 years at J.P. Morgan, ultimately as a Managing Director in charge of the Derivatives Strategies Group. He joined the bank’s Swap Group after working both in International Banking and Asset and Liability Management.
While at JP Morgan, Brickell served for 12 years on the Board of Directors of the International Swaps and Derivatives Association, Inc. (ISDA), including four years as its chairman, two as vice chairman, and one as treasurer. As a result, he was actively involved in policy work that laid a foundation for the swap business, including netting legislation, the Futures Trading Practices Act, the Gramm-Leach-Bliley Act, and the Commodity Futures Modernization Act of 2000. He worked internationally with banking supervisors in Europe and Asia, including the Basle Supervisors Committee, on capital requirements and other matters, including the swap book of the Development Finance Corporation in New Zealand and Hammersmith and Fulham’s swap activities in the United Kingdom.
Brickell also served as a member of the Working Group that prepared a 1993 study for the Group of Thirty on management principles for financial risk, entitled “Derivatives: Practices and Principles.” He has remained active in public policy regarding derivatives, including work in connection with the Dodd-Frank Act.
In 2003, President Bush nominated Mr. Brickell to serve as Director of the Office of Federal Housing Enterprise Oversight (OFHEO). That department regulated Fannie Mae and Freddie Mac, two government sponsored enterprises active in housing finance.
Brickell also serves on the board of directors of First Command Financial Services, Inc., a diversified financial services holding company based in Ft. Worth, Texas.
Brickell holds a B.A. from the University of Chicago and an M.B.A. from the Harvard Business School.