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Michael R. Schaefer

Until his retirement in 2011, Michael Schaefer was a Managing Director at Citigroup Global Markets Inc. (“CGMI”), in the Futures Department and a member of all the major Futures exchanges in the United States. He was associated with CGMI’s Futures business for more than 30 years. Prior to that, he was associated with Drexel Burnham Lambert for 15 years and was one of the founders of the Futures business at that firm.

Over the years, Mr. Schaefer has served on numerous exchange and industry related boards and  committees. Currently, he is a Public Director on the boards of the National Futures Association and the Futures Industry Organization.