ISDA elects new board directors 12 May 2023US Reporter: Bob Currie
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The International Swaps and Derivatives Association (ISDA) has appointed three new directors to its board, following elections at its annual general meeting in Chicago.
LCH Group CEO and group head for post-trade services at London Stock Exchange Group Danny Maguire joins the trade association鈥檚 board, along with Yoji Imafuku, managing director and head of derivatives business planning at Mizuho Securities.
Barclays managing director and global head of rates market structure Tyler Wellensiek is the third new member to be elected to ISDA鈥檚 board.
Reflecting on these announcements, ISDA chair Eric Litvack says: 鈥淕iven the various challenges that have faced financial markets, from rising interest rates and high inflation to a series of liquidity stresses, ISDA鈥檚 mission to foster safe and effective derivatives markets to facilitate effective risk management is as important as it鈥檚 ever been. I鈥檓 delighted to welcome such high-calibre individuals to the Board, and I鈥檓 sure they will make an important contribution to ISDA鈥檚 work.
鈥淭he structure of the board has changed significantly in recent years, with greater sector, geographic and gender diversity. Female representation has increased from 11 per cent in 2019 to 36.7 per cent currently, which better reflects the markets we serve,鈥� adds Litvack.
ISDA members elected nine directors for a continuing term. These are Citigroup鈥檚 Kieran Higgins, Sian Hurrell from RBC Capital Markets, Gesa Johannsen from BNY Mellon, Societe Generale鈥檚 Eric Litvack, DBS Bank鈥檚 Andrew Ng, Duncan Rodgers from UBS, Niamh Staunton from bp, Deutsche Bank鈥檚 Esra Turk and Morgan Stanley鈥檚 Tom Winf.
Additionally, ISDA reappointed four directors to its board. These are Thijs Aaten from APG Asset Management Asia, Darcy Bradbury from D.E. Shaw and Co LP, AXA Investment Managers鈥� Charlotte Brette and BlackRock鈥檚 Jack Hattem.
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