Mark Holloway, a Goldman Sachs executive widely recognized for his expertise on capital issues affecting broker-dealers and futures commission merchants, passed away on Dec. 11. Holloway worked for more than four decades in the bank's finance division and played a key role on a wide range of issues involving financial reporting, capital, margin and customer asset protection. He also served on several industry boards, including FIA's Financial Management Committee and the Securities Industry Association's Capital Committee.
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William Hagerty, an influential figure in the Chicago futures trading community, passed away on Feb. 19. He was president of Hagerty Grain Co., a member firm of the Chicago Board of Trade, for more than 45 years. He served as chairman of the CBOT in 1977 and as a director of the Chicago Clearing Corporation for many years.
Neil Desena, a former technology executive at Goldman Sachs and Spear, Leeds and Kellogg, passed away on Feb. 11. DeSena was a pioneer of electronic trading in the U.S. equities markets. He led the development of the REDI electronic trading platform, one of the industry's first electronic order entry systems. More recently, he co-founded SenaHill Partners, a merchant bank that backs early-stage companies specializing in financial technology. He also helped establish the FIA Innovators Pavilion, serving on the selection committee in 2015 and 2016 and helping FIA create a platform for introducing fintech startups to the derivatives industry.