Rajiv K. "Raj" Fernando (born July 8, 1971) is an American businessman, political fundraiser and donor, and philanthropist. He is the current Chairman and CEO of Workstorm.com and the former CEO of
Chopper Trading
Chopper may refer to:
Arts and entertainment
* Chopper (comics), ''Chopper'' (comics), a horror comic book mini-series
* Chopper (film), ''Chopper'' (film), a 2000 Australian film by and about Mark "Chopper" Read
* Chopper (Judge Dredd), Chopper ...
.
Early life and education
Fernando was born to CK and Laura Fernando while the two were living in
Denmark
)
, song = ( en, "King Christian stood by the lofty mast")
, song_type = National and royal anthem
, image_map = EU-Denmark.svg
, map_caption =
, subdivision_type = Sovereign state
, subdivision_name = Kingdom of Denmark
, establishe ...
,
after CK completed a
Fulbright Scholarship
The Fulbright Program, including the Fulbright–Hays Program, is one of several United States Cultural Exchange Programs with the goal of improving intercultural relations, cultural diplomacy, and intercultural competence between the people ...
at
New York University
New York University (NYU) is a private research university in New York City. Chartered in 1831 by the New York State Legislature, NYU was founded by a group of New Yorkers led by then- Secretary of the Treasury Albert Gallatin.
In 1832, ...
and Laura completed her studies in classical piano under a
Juilliard School
The Juilliard School ( ) is a private performing arts conservatory in New York City. Established in 1905, the school trains about 850 undergraduate and graduate students in dance, drama, and music. It is widely regarded as one of the most ...
professor.
He was born the youngest of three children after his two sisters, Netasha and Tanya, and moved to the United States before the age of one.
Fernando attended
Beloit College
Beloit College is a private liberal arts college in Beloit, Wisconsin. Founded in 1846, when Wisconsin was still a territory, it is the state's oldest continuously operated college. It is a member of the Associated Colleges of the Midwest and ...
, where he earned bachelor's degrees in economics and history.
He also studied at the
University College London
, mottoeng = Let all come who by merit deserve the most reward
, established =
, type = Public research university
, endowment = £143 million (2020)
, budget = � ...
.
In 2018, Fernando received the Distinguished Service Citation from Beloit College. The award recognizes alumni on the basis of overall achievements, personal growth in career, and outstanding civic, cultural, and professional/business service.
Career
While in college, Fernando volunteered at the Chicago Mercantile Exchange. From 1991 to 2001, Fernando worked in various roles including trading positions at the
Chicago Mercantile Exchange
The Chicago Mercantile Exchange (CME) (often called "the Chicago Merc", or "the Merc") is a global derivatives marketplace based in Chicago and located at 20 S. Wacker Drive. The CME was founded in 1898 as the Chicago Butter and Egg Board, a ...
and the Chicago Board of Trade.
In 2002, Fernando founded
Chopper Trading
Chopper may refer to:
Arts and entertainment
* Chopper (comics), ''Chopper'' (comics), a horror comic book mini-series
* Chopper (film), ''Chopper'' (film), a 2000 Australian film by and about Mark "Chopper" Read
* Chopper (Judge Dredd), Chopper ...
, a Chicago-based proprietary trading firm that concentrated in the areas of fixed income, equities, and other products.
Fernando became CEO of the company. During Chopper's development, Fernando designed, implemented, and managed sophisticated risk management, communications, trading, monitoring, and source code security systems. Since the company's founding, Fernando's work helped make the company a major participant on the world's largest global exchanges including the CME, Nasdaq, LSE, ICE, and Eurex with approximately 250 employees globally.
In 2010, Fernando was part of a staff roundtable discussion on disruptive trading practices for the
U.S. Commodity Futures Trading Commission
The Commodity Futures Trading Commission (CFTC) is an independent agency of the US government created in 1974 that regulates the U.S. derivatives markets, which includes futures, swaps, and certain kinds of options.
The Commodity Exchange Act ...
.
In January 2015, Fernando sold Chopper Trading to
DRW Trading Group in "a deal that
ould Ould is an English surname and an Arabic name ( ar, ولد). In some Arabic dialects, particularly Hassaniya Arabic, ولد (the patronymic, meaning "son of") is transliterated as Ould. Most Mauritanians have patronymic surnames.
Notable pe ...
fuse two of the best known companies in Chicago's proprietary trading community."
In 2015, Fernando founded Workstorm, a technology company based in Chicago. Workstorm’s digital collaboration platform is built to be highly secure and includes videoconferencing, secure messaging, email and calendar integration, file sharing and custom integration capabilities. In 2020, Business Insider called Workstorm a “more secure Slack competitor.” Fernando is currently CEO of Workstorm.
Foreign policy
Fernando is a board member of the Chicago Council of Global Affairs. He previously served on the boards of the
American Security Project
American(s) may refer to:
* American, something of, from, or related to the United States of America, commonly known as the "United States" or "America"
** Americans, citizens and nationals of the United States of America
** American ancestry, pe ...
and the Foreign Policy Leadership Committee at the
Brookings Institution
The Brookings Institution, often stylized as simply Brookings, is an American research group founded in 1916. Located on Think Tank Row in Washington, D.C., the organization conducts research and education in the social sciences, primarily in e ...
.
Fernando was appointed to the
State Department
The United States Department of State (DOS), or State Department, is an executive department of the U.S. federal government responsible for the country's foreign policy and relations. Equivalent to the ministry of foreign affairs of other nat ...
's
International Security Advisory Board (ISAB) during the tenure of
Secretary of State Hillary Clinton
Hillary Diane Rodham Clinton ( Rodham; born October 26, 1947) is an American politician, diplomat, and former lawyer who served as the 67th United States Secretary of State for President Barack Obama from 2009 to 2013, as a United States senat ...
. He submitted his resignation to Secretary Clinton on August 17, 2011, citing a self-proclaimed need to "focus my energy on the operations of my company" because of "unique, unexpected, and excessive volatility in the international markets."
[STATE DEPARTMENT EMAILS]
(PDF). ABCnews.go.com. Retrieved April 19, 2021. According to State Department emails later obtained by
Citizens United
Citizenship is a "relationship between an individual and a state to which the individual owes allegiance and in turn is entitled to its protection".
Each state determines the conditions under which it will recognize persons as its citizens, and ...
and given to
ABC News
ABC News is the journalism, news division of the American broadcast network American Broadcasting Company, ABC. Its flagship program is the daily evening newscast ''ABC World News Tonight, ABC World News Tonight with David Muir''; other progra ...
, Fernando submitted his resignation two days after an ABC News investigative team contacted the State Department asking about his qualifications to be a member of the ISAB and the procedure that led to Fernando's appointment.
Wade Boese, then Chief of Staff for the Office of the Under Secretary of State for Arms Control and International Security, said in one of the released emails that "the true answer is simply that S
ecretary Clintonstaff (Cheryl Mills) added him. The board's membership preceded me. Raj was not on the list
f prospective memberssent to S; he was added at their insistence."
Defending Fernando's appointment, ISAB executive director
Richard Hartman called him as an expert in "cyber security" and said Fernando had experience in the private sector implementing sophisticated risk management systems, information technology and international financial markets.
Retired Brigadier General Stephen A. Cheney, an ISAB member and CEO of American Security Project, said Fernando's "expertise in cyber-security
sa great asset to
.S.national security."
In 2011, Fernando worked with the National Democratic Institute to monitor the first presidential election in Egypt.
Political contributions
Fernando has made political contributions to
Democratic
Democrat, Democrats, or Democratic may refer to:
Politics
*A proponent of democracy, or democratic government; a form of government involving rule by the people.
*A member of a Democratic Party:
**Democratic Party (United States) (D)
**Democratic ...
candidates since 2003.
He fundraised for
Hillary Clinton
Hillary Diane Rodham Clinton ( Rodham; born October 26, 1947) is an American politician, diplomat, and former lawyer who served as the 67th United States Secretary of State for President Barack Obama from 2009 to 2013, as a United States senat ...
's
2008 presidential campaign, raising up to $100,000.
Fernando donated US$9,400 to Hillary Clinton's
2016 presidential campaign
This national electoral calendar for 2016 lists the national/ federal elections held in 2016 in all sovereign states and their dependent territories. By-elections are excluded, though national referendums are included.
January
*7 January: Kiri ...
.
He also fundraised for
Barack Obama
Barack Hussein Obama II ( ; born August 4, 1961) is an American politician who served as the 44th president of the United States from 2009 to 2017. A member of the Democratic Party (United States), Democratic Party, Obama was the first Af ...
's
2008 presidential campaign.
He donated $30,000 to
WomenCount, a political action committee whose aim is to elect Democratic women who run for office.
Philanthropy
Fernando serves on the board of directors for PAWS Chicago, a
no-kill animal shelter,
and the board of trustees for Beloit College. He previously served on the board of trustees for the Chicago Symphony Orchestra. He has supported
Wounded Warriors
Wounded Warrior Project (WWP) is an American charity and veterans service organization that offers a variety of programs, services and events for wounded veterans of the military actions following September 11, 2001
The September 11 ...
, and
Big Brothers Big Sisters of Metropolitan Chicago.
Fernando has also been a contributor to
The Steppenwolf Theatre,
Cedars-Sinai Medical Center
Cedars-Sinai Medical Center is a nonprofit, tertiary, 886-bed teaching hospital and multi-specialty academic health science center located in Los Angeles, California. Part of the Cedars-Sinai Health System, the hospital employs a staff of over 2, ...
in
Los Angeles
Los Angeles ( ; es, Los Ángeles, link=no , ), often referred to by its initials L.A., is the largest city in the state of California and the second most populous city in the United States after New York City, as well as one of the wor ...
, and the
Illinois Holocaust Museum
The Illinois Holocaust Museum and Education Center is a museum located in Skokie, Illinois, near Chicago. According to the Center's mission statement, its founding principle is to "Remember the Past; Transform the Future." Its mission is to prese ...
, among other organizations.
He has donated between $100,000 and $250,000 to the
Clinton Foundation
The Clinton Foundation (founded in 2001 as the William J. Clinton Presidential Foundation, and renamed in 2013 as the Bill, Hillary & Chelsea Clinton Foundation) is a nonprofit organization under section 501(c)(3) of the U.S. tax code. It was e ...
.
References
{{DEFAULTSORT:Fernando, Raj
Philanthropists from Illinois
Living people
1971 births
American people of Sri Lankan descent
Beloit College alumni
Businesspeople from Chicago
Sinhalese businesspeople
Danish people of Sri Lankan descent