Krens becomes new Chair of ISDA
16 December 2024 US
Image: abu/stock.adobe.com
The International Swaps and Derivatives Association (ISDA) has selected Jeroen Krens as the new chair of its board of directors, effective on 1 January 2025.
This move follows the decision of former chair Eric Litvack to step down after 10 years in the role.
Krens has been on the ISDA board since November 2016, while serving as chief operating officer for Markets and Securities Services at HSBC.
He was also on the board between 2012 and 2014 while working at the Royal Bank of Scotland.
Commenting on the appointment, Scott O鈥橫alia, ISDA鈥檚 chief executive, says: 鈥淚 know that we share a vision of bringing greater automation and digitisation to the derivatives markets to improve efficiency and reduce costs. I look forward to working with Jeroen and his HSBC colleagues to make this vision a reality and to expand derivatives markets across the globe.鈥�
Krens adds: 鈥淚鈥檓 looking forward to working with my colleagues on the board, Scott, and the ISDA team as we continue to realise ISDA鈥檚 mission of ensuring derivatives markets are safe and efficient. I would also like to thank Eric for his leadership, friendship, and many contributions to ISDA.鈥�
Litvack, who is managing director and group director of public affairs at Soci茅t茅 G茅n茅rale, joined ISDA in 2006 and took on the role of chairman in January 2015, making him the longest-serving chair in ISDA鈥檚 40-year history.
In his farewell, Litvack expressed his pride of what the association achieved over the past decade and how the board evolved, increasing diversity and gender equality.
He adds: 鈥淣ow is the right time to hand the torch to the next generation of leaders, and I鈥檓 very confident that Jeroen will do a terrific job as he takes the helm during the next phase of the derivatives market鈥檚 development.鈥�
This move follows the decision of former chair Eric Litvack to step down after 10 years in the role.
Krens has been on the ISDA board since November 2016, while serving as chief operating officer for Markets and Securities Services at HSBC.
He was also on the board between 2012 and 2014 while working at the Royal Bank of Scotland.
Commenting on the appointment, Scott O鈥橫alia, ISDA鈥檚 chief executive, says: 鈥淚 know that we share a vision of bringing greater automation and digitisation to the derivatives markets to improve efficiency and reduce costs. I look forward to working with Jeroen and his HSBC colleagues to make this vision a reality and to expand derivatives markets across the globe.鈥�
Krens adds: 鈥淚鈥檓 looking forward to working with my colleagues on the board, Scott, and the ISDA team as we continue to realise ISDA鈥檚 mission of ensuring derivatives markets are safe and efficient. I would also like to thank Eric for his leadership, friendship, and many contributions to ISDA.鈥�
Litvack, who is managing director and group director of public affairs at Soci茅t茅 G茅n茅rale, joined ISDA in 2006 and took on the role of chairman in January 2015, making him the longest-serving chair in ISDA鈥檚 40-year history.
In his farewell, Litvack expressed his pride of what the association achieved over the past decade and how the board evolved, increasing diversity and gender equality.
He adds: 鈥淣ow is the right time to hand the torch to the next generation of leaders, and I鈥檓 very confident that Jeroen will do a terrific job as he takes the helm during the next phase of the derivatives market鈥檚 development.鈥�
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