To mark the official handover of the International Securities Lending Association’s new board, ISLA met with the new elected board on Tuesday 6 November and kicked off the agenda for the next term.
The new members and the ISLA team were introduced by ISLA’s Chair, Jonathan Lombardo. In addition to the initial twelve elected, the Board approved the following three additional members co-opted to the Board – Stefan Kaiser at BlackRock, Ueli von Burg at Zurcher Kantonalbank and Eicke Reneerkens at Union Investment.
ISLA’s CEO, Andy Dyson started the meeting and provided an overview on the work of ISLA and the principal objectives for the next term: “Following these appointments, we feel the ISLA board is much more representative of our broader membership and gives us a better geographical focus. As we move towards Brexit it will be increasingly important that we remain mindful of the needs and aspirations of all of our members. These latest appointments put us in an ideal place to effectively serve the needs of our members over the next two years.”
Mark Hutchings, ISLA’s Chief Operating Officer followed on to provide a financial update including pending projects and ran through the 2018 Budget process.
Jonathan went on to advise the introduction of sub committees and advisory committees, asking the new board to volunteer to join a group they felt they could positively contribute to.
Jonathan said: “ISLA stands committed to representing its global membership and the results of the co-opt process has enabled the creation of a more robust board that spans across the European continent.”
The new ISLA board will meet several times a year and will continue to oversee the work of the association for the next two years. The full list of the latest ISLA board members is available on their website.
ISLA is a trade association, established in 1989 to represent the common interests of participants in the securities lending industry. ISLA works closely with regulators across Europe and our activities embrace markets and prudential regulatory regimes as well as investor protection.
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