Former SEC commissioner takes BATS chairmanship
Markets, a US market operator, has appointed Paul
Atkins, a former commissioner at the Securities and Exchange Commission (SEC) to the role of non-executive chairman.
Atkins, who worked at the SEC between 2002-2008, is currently the chief executive of Patomak Global Partners, a
Washington-based consultancy, advising clients on financial regulatory
compliance, risk and strategic matters.
He also served
as a member of the Congressional Oversight Panel for the Troubled Asset Relief
Program between 2009-2010.
appointment follows BATS’ decision to split its chairman and CEO roles, both of
which were previously held by Joe Ratterman.
The decision to
separate the roles came after BATS was forced to abandon its initial public
offering on its own market in March, after a series of technical failures.
“As a long-time
admirer of Paul’s approach to regulation, I am pleased that he has agreed to
join our organisation as the non-executive chairman of the BATS Global Markets
board of directors,” said Ratterman.
By Sophie Pallier