Comex Chief to Resign: The president and...

Comex Chief to Resign: The president and chief executive of the Commodity Exchange of New York, Alan J. Brody, announced his resignation, effective June 30. Brody, 36, said he plans to pursue other business opportunities. Brody has served as Comex president and chief executive since 1981 and as chairman from 1987 to 1988, guiding the exchange through the silver crisis of the early 1980s and complex internal structural changes and fiscal issues. He also was the youngest person ever to be appointed to the presidency of a U.S. futures exchange. A committee has been appointed to seek a replacement, officials said. The Comex is the world’s most active metals futures market. “He has seen us through some some turbulent periods, record volume years and a major overhaul of our trade processing,” Comex Chairman John H. Hanemann said. “It will be very difficult to replace him.”