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NYSE Regulation, Inc., announced today Robert A. Marchman has been appointed to lead the Enforcement division, reformed after the consolidation of NYSE Regulation’s member regulation program into the Financial Industry Regulatory Authority (FINRA). The Enforcement division will continue to investigate and prosecute trading and other Exchange rule violations, as well as applicable federal laws or regulations, which occur on or through the systems and facilities of the NYSE Group. He will also oversee a new Risk Department. Concurrently, John F. Malitzis has been promoted to head the Market Surveillance division. Both men will report to NYSE Regulation Chief Executive Officer Richard G. Ketchum.
“After running the Market Surveillance division for the past three years, Robert A. Marchman is returning home to Enforcement, where he served with distinction for many years, to run that program,” said Ketchum. “Robert has done a wonderful job leading Market Surveillance during a critically challenging time. I look forward to him providing the same leadership to our new Enforcement division.
“I am also pleased to announce that John F. Malitzis will take over as head of Market Surveillance. John has shown strong leadership in running the specialist and floor broker surveillance areas and has exceptional market knowledge and experience. His ability to work effectively with technology and the business side on the ever-changing Hybrid market environment, as well as with the SEC, perfectly places him to build on the legacy that Robert leaves,” Ketchum stated.
Prior to joining the Exchange in 1989, Marchman, 49, was a branch chief in the U.S. Securities and Exchange’s Division of Enforcement in Washington, D.C. He began his career at the NYSE as an enforcement director and is currently an executive vice president. Marchman is a magna cum laude graduate of Allegheny College, where he was inducted into Phi Beta Kappa, and received his J.D. from the University of Pennsylvania. In 2000, he attended Harvard Business School’s Program for Management Development. Since 1999, Mr. Marchman has chaired the NYSE’s Diversity Council, an advisory group that counsels NYSE management on diversity-management issues. He is a member of the New York State Bar Association and serves on the on the Board of Trustees of Allegheny College.
Malitzis, 39, joined the Exchange in October 2004 as vice president of Specialist Surveillance and was later promoted to senior vice president with added responsibilities of overseeing the Floor Broker Surveillance, Rule Interpretations, and Member Education departments. Previously, he was a senior vice president and associate general counsel for the Institutional Equities Division of Citigroup Global Markets, Inc. From 1995 to 2003, he was employed by NASD, where he ended his service as vice president in market services. From 1994-1995, Malitzis was a trial attorney at the Commodities Futures Trading Commission. Malitzis received his BA from the State University of New York at Albany where he graduated Phi Beta Kappa and Summa Cum Laude. He received his J.D. from Boston College Law School and was a member and an editor for the commercial law journal at Boston College. He is a member of the bars of New York, Massachusetts, and the District of Columbia. Malitzis also serves on the alumni boards for Boston College Law School and the Rockefeller Advisory Board for Rockefeller College, SUNY Albany.
