09 November 2017
London
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.

More news
The latest news from Securities Lending Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
EXCLUSIVE: Sunil Daswani leaves Northern Trust
21 February 2018 | London | Reporter: Jenna Lomax
Sunil Daswani, head of international securities lending at Northern Trust has left the company
Top of hot stocks: TechnipFMC PLC and Match
21 February 2018 | London | Reporter: Jenna Lomax
TechnipFMC PLC, formed by the merger of oil services companies, led the FIS Astec Analytics hot stocks list for EMEA last week
ISLA responds to BMF’s draft circular
20 February 2018 | London | Reporter: Brian Bollen
The International Securities Lending Association (ISLA) has sent a letter to the German Ministry of Finance responding to the BMF’s draft circular released on 25 January 2018 on the subject of a manufactured dividend rule
SBL Network welcomes independent consultant
20 February 2018 | London | Reporter: Jenna Lomax
SBL Network Limited has appointed Charlotte Clout as an independent consultant
Fidessa sees revenue growth across all regions in 2017
20 February 2018 | London | Reporter: Jenna Lomax
Fidessa has reported that its yearly revenue increased by 7 percent for 2017, ending the year with £353.9 million compared to £331.9 million in 2016
Foreign investment in US down
19 February 2018 | Washington DC | Reporter: Brian Bollen
Official figures, released 15 February, by the US Department of the Treasury show a drop in foreign investment in the US in December
Minium, IBM and Promontory release joint white paper
19 February 2018 | London | Reporter: Jenna Lomax
The patchwork of outdated systems most firms use today is not fit for purpose, according to a white paper jointly released by Minium, IBM and Promontory