Byline: Lynne Marek
Job: Chicago-based president of R. J. O'Brien & Associates' RJO Futures unit, the firm's private client division, since October.R%sum% gap: Has never worked in marketing.
Track record: Was the top-producing broker for the firm from 2005 to 2007 and was among the top three, out of about 18, during her 15 years at R. J. O'Brien.
Job one: Step up training for her division's 27 employees so they thoroughly understand the firm's research department and technology tools and can pass that knowledge on to clients, she says.
Obstacle: She must allocate resources carefully because the changing regulatory environment may demand more attention, she says. She's also in an industry where commission rates are declining, says Howard Simons, a strategist at Chicago-based Bianco Research LLC. Independent brokers "that remain since the move toward electronic trading have proven they can innovate and cut costs," he says. "They will have to continue doing so as market competition keeps putting downward pressure on commission revenue."
The plan: Expand business with web and mobile tools that let clients more easily access the firm's research and market information.
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