09 November 2017
Reporter: Drew Nicol

ISLA board outlines global focus post Brexit

The International Securities Lending Association’s (ISLA's) new board has reiterated its commitment to serving all its global members in the wake of Brexit.

ISLA’s newly elected board met for the first time this week and initiated its agenda for the next two-year term.

The latest elections were made to reflect ISLA's international credentials as the association is based in London, but the majority of its members are from the continent.

In addition to the 12 members already elected, the board approved Stefan Kaiser of BlackRock, Ueli von Burg of Zurcher Kantonalbank, and Eicke Reneerkens of Union Investment as members.

The members were introduced by the newly-elected ISLA chair Jonathan Lombardo, who hails from Eurex Clearing.

ISLA CEO Andy Dyson said the reshuffle will make the board “much more representative of our broader membership and [will give] 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.”

Lombardo advised on 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.

Mark Hutchings, ISLA’s COO, provided a financial update that included pending projects.

The new ISLA board will meet several times a year and will continue to oversee the work of the association.

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