Chief Executive Officer: Kevin McNulty
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. Prior to joining ISLA in August 2009, he worked for Barclays Global Investors where he ran the securities lending business in Europe and North America. Kevin is a past Chairman of the Association and a fellow of the Association of Chartered Certified Accountants.
CEO-ISLA International Securities Lending Association
Chief Operating Officer: Andrew Dyson
In March 2013, Andrew became the Chief Operating Officer of the International Securities Lending Association (ISLA). Previously, Andrew held the role of Director Specialist Sales and Head of Account Management, Europe, Middle East and Africa at Data Explorers, now Markit Securities Finance, where he was instrumental in the development of the group’s securities lending risk services as well as day to day responsibility for the groups business in Europe.
Andy joined Data Explorers from Prudential M&G, where he was Head of Business Development and Risk for Securities Lending with responsibility for sales, marketing and product development. He was also directly responsible for Risk and the management of the team’s discrete IT resources. All aspects of legal and compliance also fell within his area of responsibility. Prior to his appointment at M&G Prudential Andrew had worked at Deutsche Bank for ten years. During his time at Deutsche he held senior marketing and product development positions within the Agency Securities Lending Business and also spent four years as Repo Product Manager where he was instrumental in the development of the banks fixed income repo franchise including the deployment of front-office risk management tools. He was also was heavily involved in the deployment of e commerce solutions for both clients and counterparts. He joined Deutsche in 1992 from HSBC, where he had previously worked extensively in the commercial bank and corporate finance areas of the business.
COO- ISLA International Securities Lending Association
Chairman : Andy Krangel ( Citi Bank)
Andy is a Director in Citi’s Agency Securities Finance business and is EMEA Head of Securities Finance Product Management and also manages the business’s global product development team.
Andy joined Citi in 1989 and during this time has held various management positions in custody operations including agency lending operations, was a trader on the Citi agency lending desk and spent 5 years in Product Risk Management where he obtained Credit Officer status. Prior to Citi Andy was at RBS for 3 years. Since mid 2006 Andy has worked in Citi's Agency Securities Finance department.
Director, EMEA Head of Securities Finance Product Management, Citi Bank
Ex-Offico : Richard Thompson (Northern Trust)
Richard is Senior Vice President and responsible for the Product Management function for Securities Lending at Northern Trust outside of the US. Richard rejoined Northern Trust in September 2007 after 6 years at Cogent/BNP Paribas Securities Services. Richard has 17 years experience in the financial services industry and has been involved in Securities Lending in a variety of roles since 1997.
Senior Vice President, Head of Securities Lending Product Management
Northern Trust
Treasurer: Ian Hovey (StateStreet)
Ian is currently head of Securities Finance Product Development for the EMEA region at State Street Bank and Trust Company. Based in London, he has been involved in the securities finance business for more than 25 years, working for three different organisations during this time.
Ian is a previous Chairman of the Association and has been the Associations Treasurer for the last 10 years.
He also Co-Chairs the ISLA Legal and Regulatory Sub Group.
Head of Securities Finance Product Development for the EMEA region
at State Street Bank and Trust Company
Board Member: Mohamed Moursy ( ABN AMRO)
Mohamed is Executive Director of ABN AMRO Markets UK Ltd. He is responsible for managing market securities finance team and has more than 30 years of broad experience in the securities industry.
Prior to joining ABN he held senior positions in various roles with The Bank of New York Capital Markets, Fleet Securities, Paine Webber and Lehman Brothers. His experience in the securities lending industry goes back to 1988 when he joined Lehman brothers as Director of Operation when the firm was establishing its UK securities lending operation. Before 1988 Mohamed was Senior Vice President of Moseley Securities Corp, Chief Accountant of Al-Mal Group and held other banking positions in the city.
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Chief Executive Officer
ABN AMRO Markets UK Ltd
Board Member : Mick Chadwick (Aviva Investors)
Since 2006 Mick has been the Head of Trading for the Securities Finance business of Aviva Investors, the asset management arm of the Aviva Insurance Group with over £220 billion in funds under management. The Aviva Investors securities finance desk has the mandate to undertake securities lending, repo and related transactions in both fixed income and equity markets on behalf of all entities within the Aviva Group.
Prior to joining Aviva Investors, Mick spent most of his career as a borrower in the fixed income markets, working for various banks and investment banks. He designed, built and ran the European repo businesses of Lehman Brothers (1986-1991), UBS (1991-2000) and HBOS Treasury Services (2000-2005).In addition to various professional qualifications, Mick holds a degree in Mathematics from St Peter’s College Oxford.
Head of Trading for the Securities Finance business of Aviva Investors
Board Member: Stefan Kaiser (BlackRock)
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Director responsible for clients and business strategy in EMEA and Asia within BlackRock’s Securities Lending & Financing Group. This includes all securities lending client relationships across Retail, ETF and Institutional clients as well as business strategy and regulatory engagement. Mr. Kaiser's service with the firm dates back to 2005, including his years with Barclays Global Investors (BGI), which merged with BlackRock in 2009. Prior to joining BGI, Mr. Kaiser worked for Commerzbank in various positions in Shanghai, Singapore, Frankfurt and London. Mr. Kaiser earned a BA degree in finance from University of Cooperative Education Mosbach in 2002 and an MSc in business management and economics from University of Trier, Germany in 2005.
Board Member:Robert Lees ( BBH)
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Board Member: Anthony Duggan ( Goldman Sachs)
Anthony has worked in the securities finance industry for the past 14 years and has a wide breadth of experience and comprehensive understanding of the international securities lending market from both a supply and demand perspective. He has worked in both London and New York and actively traded markets in Europe, the US, Asia and Emerging Markets. He joined Goldman Sachs in July 2008 and is responsible for the International Supply team.
Board Member: Roy Zimmerhansl (HSBC )
In March 2013 Roy Zimmerhansl was appointed Global Head of Securities Lending at HSBC Securities Services (HSS) and is responsible for leading the agency lending activity for clients of the bank’s custody business.
Prior to this, Roy was an independent consultant, owner of FinTuition, the leading financial services training company, and product specialist at Trading Apps. With over 30 years in the securities industry, Roy has held senior securities finance and custody positions across a range of market leading organisations including custodian banks, proprietary trading firms, prime brokers, a multilateral trading facility, and a central depository.
Global Head of Securities Lending, HSBC Securities Services
Board Member: Laura Allen ( J P Morgan)
Laura joined J.P.Morgan in 2011 as Head of European Supply with a mandate to expand and evolve their security borrowing operations. Prior to this she ran Global Equity Finance Sales & Marketing at UBS (1998-2011) and previously set up and ran the International Equity Finance business at CIBC Wood Gundy.
She has been in the securities borrowing and lending industry for over 20 years with proven experience both implementing and running an international equity finance operation and has built strong relationships across the European space.
Board Member: Martina Szameitat ( Morgan Stanley )
Martina Szameitat is a Managing Director and Morgan Stanley's Global Co-Head of Sales and Marketing for secured financing and securities lending products for the EMEA and Asia regions (Bank Resource Management Division).
Martina joined Morgan Stanley in 1992, starting in Corporate Treasury and moving to securities lending in 2003, when she was asked to manage the Firm’s Frankfurt-based Equity Financing desk covering Germany, Switzerland and Austria. From 2008, Martina was the head of the European Securities Lending desk located in the Morgan Stanley London office.Her primary objective is to build strong client relationships, dedicated client coverage and a reliable back office operation, in order to improve the platform and grow the Firm’s securities lending, financing & synthetics business.Prior to joining Morgan Stanley Martina spent 5 years in London with Deutsche Bank and Unicredito (formerly: Bayerische Vereinsbank)
Managing Director Global Co-Head of Sales and Marketing for secured financing and securities lending products
for the EMEA and Asia regions (Bank Resource Management Division). for Morgan Stanley
Board Member : James Day ( UBS )
I joined UBS in Jun 2011 as Head of Stock loan trading EMEA, and Global Head of Stock Lending Sales & Marketing. Prior to joining UBS I was EMEA Head of Electronic Trading at Barclays Capital for 3 years and was a board member of the AFME Securities Trading committee, heavily involved in the MiFID review.
I have 16 years experience of securities borrowing & lending. I ran Equity Financing at Barclays Capital in Europe for 11 years and had a 1 year spell in Asia.I believe that this experience will be beneficial to ISLA in this challenging environment.
Head of Stock loan trading EMEA, and Global Head of Stock Lending Sales & Marketing, UBS
Consultant: Hugh Gibson
Hugh, retired from HSBC and works for ISLA on a part time basis. During a career spanning 29 years, Hugh was a Corporate Banking Director responsible for City Markets (moneybrokers, stockbrokers, market makers, fund managers and the Lloyds insurance market) from 1985 to 1995. He then joined the executive management team at HSBC's global custodian where he was, at different times, responsible for stocklending, repo clearing, corporate trust, credit and risk, project management and latterly product and market strategy.
He was a founder member of the Stocklending and Repo Committee and also heavily involved in British Bankers Association and APACS committees, amongst others. He represented the UK on Clearing and Settlement issues at the European Banking Federation in Brussels and was a member of the UK Market Advisory Committee.
He holds an MA (Hons) in Classics from Keble College, Oxford and was an affiliate of the Securities Institute.
Consultant
