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Jeffery Sworn In as New CFTC Chariman

Reuben Jeffery III was sworn in last Monday as the new chairman and a commissioner at the Commodity Futures Trading Commission (CFTC), which regulates commodity futures and options on U.S. exchanges. The appointment came two days after Joseph Kelliher officially became chairman of the Federal Energy Regulatory Commission, the other major D.C. regulatory body charged with oversight of the energy industry (see related story).

Jeffery was nominated by President Bush on May 17 and confirmed June 30 to a term expiring April 13, 2007. He most recently was the special assistant to the president and senior director for international economic affairs at the National Security Council.

Jeffery was previously the representative and executive director of the Coalition Provisional Authority Office (CPA) at the Pentagon, after having served as an advisor to Ambassador Bremer in Iraq. Prior to joining the CPA in May of 2003, Jeffery served as special advisor to the president for Lower Manhattan Development, helping coordinate ongoing federal efforts in support of the longer term recovery and redevelopment of Lower Manhattan in the aftermath of Sept. 11, 2001.

Jeffery spent 18 years working for Goldman, Sachs & Co. where he was managing partner of Goldman Sachs in Paris (1997-2001) and of the firm's European Financial Institutions Group (1992-1997) based in London. Prior to joining Goldman Sachs, he was a lawyer with the New York firm of Davis Polk & Wardwell. He received his BA degree in political science from Yale in 1975 and juris doctor and MBA degrees from Stanford in 1981.

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