David Anderson

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David Munro Anderson, born on December 15, 1937, is a prominent Scottish businessman renowned for his influential role in the City of London, particularly in the development of the futures trading industry. Anderson's career began with his work in the sugar trade, but he quickly became a pioneer in financial markets, founding one of the first independent futures brokers in London in the early 1970s. He played a crucial role in establishing several key financial exchanges, including the International Petroleum Exchange and the Baltic International Freight Futures Exchange. 
== Early Life and Education ==
David Munro Anderson was born in Scotland and received his education at Morrison's Academy and Strathallan School in Perthshire. Following his schooling, Anderson was commissioned in the British Army's Black Watch and served in West Africa. After his military service, he worked in tea production with James Findlay & Company in India from 1959 to 1962.
== Career ==
In 1963, Anderson joined ED&F Man Ltd, a company established as a sugar trader in London in 1783. Anderson played a pivotal role in the development of the futures contract trading industry in London. In 1971, he founded one of the first independent, privately-owned futures brokers in London. He was instrumental in developing the concept of investment management in futures and options, launching one of the first futures and options funds in 1974.
In 1981, Anderson established Anderson Man Limited in partnership with ED&F Man Ltd, marking the company's first move into the futures market. Under his leadership, Anderson Man Limited evolved into ED&F Man International Limited, with Anderson serving as chairman from 1986 to 1990. The company was listed on the London Stock Exchange in 1984 and later became part of the Man Group in 2000 after ED&F Man Ltd's commodities division was sold in a management buyout.
== Contributions to Financial Markets==
Anderson was a key figure in the formation of several important financial exchanges. He was appointed chairman of the formation committee for the [[International Petroleum Exchange[[ (IPE) in 1980, which became one of the largest energy futures and options exchanges globally. He also served as joint chairman of the formation committee for the Baltic International Freight Futures Exchange (BIFFEX) in 1985, which provided a market for trading futures contracts related to the cost of transporting dry bulk materials by sea.
Anderson served as vice-chairman of the London Commodity Exchange and was a council member of the Association of Futures Brokers and Dealers, which evolved into the Financial Conduct Authority (FCA).
In addition to his work with exchanges, Anderson was appointed a director of the Securities and Investments Board in 1986, where he played a significant role in implementing the Financial Services Act of 1986. This act aimed to regulate the financial services industry through a combination of government oversight and self-regulation.
== Later Career ==
In 1990, Anderson became chairman of Anderson Quantrend Limited and continued to hold numerous senior executive positions throughout his career. He was a member of the Chartered Institute for Securities & Investment and was involved in various industry associations. Anderson's contributions to the financial sector have been recognized with numerous accolades, and his work has left a lasting impact on the futures trading industry in London.
== References ==	
Category:1937 births
Category:Scottish Businesspeople
Category:Industry Executives
Category:British Army Officers
Category:People Educated at Morrison's Academy
Category:People Educated at Strathallan School
Category:People from Perthshire
Category:British Expatriates in India