The Healthy Markets Leadership Team


Tyler Gellasch, Executive Director

Tyler Gellasch is a leading capital markets policy expert whose opinions and insights are frequently sought by regulators, members of congress, market participants, and the press. Gellasch’s public service included five years as Counsel in the US Senate, as well as service as Counsel to then-new SEC Commissioner Kara M. Stein.  In private practice, Gellasch has served as a general counsel of a boutique investment bank, as well as associate at Mayer Brown LLP and Morgan, Lewis & Bockius, LLP. Gellasch is also a Founder of Myrtle Makena, LLC, a consulting firm. Gellasch received his undergraduate degree from Case Western Reserve University. Both his juris doctor and master's degree in economics were awarded by Duke University. 

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James D. Cox, Board Member

James D. Cox is Brainerd Currie Professor of Law at Duke University School of Law. Professor Cox earned his B.S. from Arizona State University and law degrees at University of California, Hastings College of the Law (J.D.) And Harvard Law School (LL.M.). In 2001, he received an Honorary Doctorate of Mercature from the University of South Denmark. In addition to his texts Financial Information, Accounting and the Law, Corporations (with Hazen & O’Neal), Business Organizations Cases and Materials (with Eisenberg), and Securities Regulations: Cases and Materials (with Hillman & Langevoort), Professor Cox has published extensively in the areas of market regulation and corporate governance, as well as having testified before the U.S. House and Senate on insider trading, class actions, and market reform issues. He served as a member of the corporate law drafting committees in California (1977-80) and North Carolina (1984-1993) and a member of the ABA Committee on Corporate Laws. He has also served as a consultant to the Kingdom of Saudi Arabia and more recently, conducted training programs for securities regulators in Bosnia, China and Thailand. His professional memberships include the American Law Institute, the PCAOB Standing Advisory Group, NYSE Legal Advisory Committee, the NASD Legal Advisory Board, and the Fulbright Law Discipline Review Committee.


Joseph Engelhard, Board Member

Joseph Engelhard is a Senior Vice President at MetLife, where he leads their Global Regulatory Policy Group.  Engelhard is a twenty-year veteran of financial regulatory policy issues and has held a wide variety of senior-level positions in the U.S. government, including General Counsel of the Joint Economic Committee, Senior Counsel at the House Financial Services Committee, and Deputy Assistant Secretary for Trade & Investment Policy at the U.S. Treasury.  Prior to joining MetLife, Engelhard was an analyst at Capital Alpha Partners, where he advised Morgan Stanley and a number of buy-side clients on financial policy actions taken as a result of the financial crisis including the passage and implementation of the Dodd-Frank Act. 

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Stuart George, Board Member

Stuart George is the Senior Vice President, Head of Equity Trading for Macquarie Investment Management, Americas. George is responsible for managing all aspects of the firm’s equity trading desk for the Americas. He currently trades small-, mid-, and large-capitalization growth and value stocks, while maintaining his management duties as head trader. Prior to joining Macquarie Investment Management (MIM), which includes the former Delaware Investments, in 1997, he was a senior equity trader at the State Teachers Retirement System of Ohio, where he was responsible for trading small-, mid-, and large-capitalization stocks, options, and currencies. George received a bachelor’s degree in banking and finance from Franklin University, and he is a member of Trader Forum, Wall Street Friends, Buy-Side Equity Traders Roundtable, and former co-chairman of the Nasdaq Institutional Traders Advisory Council. 


Dave Lauer, Co-founder and Board Member

Dave Lauer is a technologist and trading expert who is routinely asked to provide views to regulators, members of Congress, and the press. Lauer has designed and built the infrastructure that underpins several modern electronic trading systems and previously worked as a quantitative analyst and trader on high-frequency trading desks. Lauer's current work focuses on scalable technology, predictive analytics, complex systems design and consultation for organizations working to better understand and navigate modern equity markets. Lauer sits on several for-profit and non-profit boards, including as Independent Director for Aequitas.

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Christopher Nagy, Co-founder and Board Member

Christopher Nagy is a 30-year veteran of Wall Street with a deep understanding of trading and US market-structure.  Currently, Nagy serves as Founding Principal of KOR Group LLC, a regulatory market structure consulting firm. Nagy previously was a managing director of order routing and market-data strategy at TD Ameritrade where his responsibilities included developing and implementing best execution, routing technology and execution analytics. During his tenure with TD Ameritrade, Nagy also co-headed the firm’s government relations efforts.  Previously, Nagy worked with firms such as US Bank, MJK and Shearson Lehman Brothers. Nagy has served on a multitude of industry committees and exchange boards, including the Philadelphia Stock Exchange Board as off-floor Vice Chairman, NYSE AMEX Options Exchange Board, Nasdaq Quality of Markets Committee, Security Traders Association Trading Issues Committee, Options Industry Council Roundtable, and former chair of the SIFMA Options Committee. Nagy has held FINRA Series, 4, 7, 24, 53,55, 63 Licenses, and is a graduate of the Securities Industry Institute Wharton Program.


Don Pontes, Jr., Board Member

Don Pontes, Jr. is the Investment Director, Execution Services & Strategy for CalPERS. Don Pontes has been a member of the CalPERS Investment Office for over 12 years. In this role, he manages a 14-person team responsible for centralized cross-asset execution and coordinating the development and implementation of various plan-level initiatives, including multi-asset overlay strategies, securities lending, liquidity management, and CalPERS cross-asset regulatory agenda. Don previously managed CalPERS Global Equity Portfolio Implementation Team, where he was responsible for oversight of the $130BN internally managed global equity portfolio. In this role, Don was responsible for managing a 17-person team, consisting of Portfolio Construction, Equity Trading, and the Affiliate Investment Program. Prior to joining CalPERS in 2005, Don worked at Barclays Global Investors (Blackrock) from 1998-2003 as an international equity Portfolio Manager and Equity Trader. Before Barclays Global Investors, he was with Dean Witter/Morgan Stanley from 1995-1998 as an Account Executive, winning the National Sales Director Award in 1996. Don earned a B.S. in Business/Finance from California State University, Sacramento. He is a CFA charter holder. In 2016, Don completed the Certified Regulatory and Compliance Professional (CRCP) program at University of Pennsylvania’s Wharton School.


Ray Ross, Board Member

Ray Ross is Co-Founder, Executive Vice President, and CTO of Clearpool Group. As the chief technical innovator and leader of operations for the company, Ray leads the creation and deployment of electronic trading technologies. Ray oversees all software development, network infrastructure, market connectivity, implementation and support. Ray has more than a decade of industry experience, rising to managing director at Knight Capital Group. While there, Ray was responsible for the technology behind Knight Direct, the firm’s electronic agency algorithmic and market access platform. Ray attended Trinity College, earning a Bachelor of Science in Computer Science. Upon graduating, Ray started his career as a software consultant at Tallan Inc., a technology and business process consulting service to enterprise and mid-sized companies.