Introduction to ISLA

The International Securities Lending Association (ISLA) is a trade association established in 1989 to represent the common interests of participants in the securities lending industry. ISLA works closely with European regulators and in the United Kingdom has representation on the Securities Lending and Repo Committee, a committee of market practitioners chaired by the Bank of England.

The Association has contributed to a number of major market initiatives, including the development of the UK Securities Borrowing and Lending Code of Guidance and the industry-standard lending agreement, the Global Master Securities Lending Agreement (GMSLA).

ISLA’s aims include:

ISLA has approximately 100 members comprising of insurance companies, pension funds, asset managers, banks, securities dealers and service providers representing more than 4,000 underlying clients. While based in London, ISLA represents members from more than twenty countries in Europe, the Middle East and North America.

ISLA appointed Kevin McNulty as its Chief Executive in 2009, and has an elected Board of fifteen industry professionals representing firms from all parts of the industry, the current Chairman being Andy Krangel of Citibank.


Meet the Team

Kevin McNulty

Chief Executive Officer

Kevin McNulty is the Chief Executive of the International Securities Lending Association. He has worked in the securities lending industry for many years both in the UK and the US.…

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Andrew Dyson

Chief Operating Officer

In March 2013, Andy became the Chief Operating Officer of the International Securities Lending Association.  His previous role was EMEA Director Specialist Sales & Head of Account Management…

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Yvette Hall

Business Manager

Responsible for overseeing the association’s administration, Yvette joined ISLA in 2011. Yvette’s previous experience includes various roles in the construction industry,  working on major constructions projects around the…

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Claire Davis

Relationship Manager

Claire joined the ISLA team in 2014, bringing with her language skills and experience of the agent lending side of the market gained from working for over 8…

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