Sarah Breeden became Deputy Governor for Financial Stability on 1 November 2023. She is a member of the Monetary Policy Committee, Financial Policy Committee, Prudential Regulation Committee and the Bank’s Court of Directors.

She has specific responsibility within the Bank for financial stability, the supervision of financial market infrastructures, international issues, central bank digital currency and fintech.

Sarah also has responsibility at Deputy Governor level for the Bank’s work on the monetary and financial stability risks from climate change, and chairs the Financial Stability Board’s working group on climate vulnerabilities.

Sarah joined the Bank in 1991. Prior to her current role, Sarah was the Executive Director for Financial Stability Strategy and Risk and a member of the Financial Policy Committee (2021- 2023). Previously, she was the Executive Director for UK Deposit Takers Supervision (2019- 2021), responsible for the supervision of the UK’s banks, building societies and credit unions, and Executive Director for International Banks Supervision (2015-2021), responsible for supervision of the UK operations of international banks. Before that, Sarah held a variety of roles, including leading the design and risk management of financial market operations undertaken by the Bank during the financial crisis, and then leading the Bank’s work to support the transition of prudential regulation of banks and insurers from the Financial Services Authority to the Bank.

Sarah has an MA in Economics from Cambridge University and an MSc in Finance from the London Business School.

She is a trustee of the Education Endowment Foundation.

Jeroen Krens is an experienced financial markets executive, currently serving as Managing Director and senior COO within Markets & Securities Services at HSBC. With deep expertise in Fixed Income, derivatives, market structure, and regulatory change, Jeroen is known for leading complex, cross-border initiatives that optimise franchises and help shape the industry.

During his tenure at HSBC, Jeroen has played a key role in driving growth in the global Fixed Income franchise, delivering operational excellence, regulatory alignment, and market structure innovation. He led HSBC’s derivatives business through the LIBOR transition, overseeing the external transition of all trades—a critical milestone for global markets. In addition, Jeroen has led advocacy efforts on key regulatory frameworks, including Basel reforms, margin requirements for uncleared derivatives, and execution modalities. He has also overseen HSBC’s investments in several market infrastructure initiatives.

Jeroen’s career began in derivatives trading, where he developed a deep understanding of market making, client needs, market risk, and liquidity. He went on to lead Fixed Income trading businesses regionally and globally across Japan, the US, and EMEA, managing trading books and teams through volatile market cycles. This hands-on market experience continues to inform his strategic leadership and execution, offering a front-line perspective on risk management and market structure.
Prior to HSBC, Jeroen was International Treasurer at the Royal Bank of Scotland, overseeing capital, funding, and liquidity strategies across non-UK balance sheets. His treasury expertise complements his trading background, providing a broad view of financial markets from both a liquidity provider and end-user perspective.

With over a decade of experience on the ISDA board, Jeroen was elected Chair in December 2024, positioning him at the forefront of global derivatives market reform. He champions market digitisation, standardisation, and regulatory clarity to promote safe, efficient markets. Jeroen also serves as a Non-Executive Director on an industry board and has previously held NED roles at other market institutions, contributing strategic oversight and supporting market integrity.
In his spare time, Jeroen enjoys the outdoors, playing field hockey and completed his first marathon in 2024.

Frank La Salla is President, CEO and Director of DTCC. He also serves as President and CEO of DTCC’s principal operating subsidiaries, DTC, FICC and NSCC and is a member of the DTCC Executive Committee.

Frank joined DTCC in June 2022 following a 28-year career at BNY, where he held several senior-level positions, including most recently as CEO of its Issuer Services business and a member of the BNY Executive Committee, the senior-most leadership committee at the firm. Earlier in his tenure, he served as CEO of BNY’s Alternative Investment Services and Structured Products business and was a member of the Executive Committee of Pershing LLC, where he was Co-Head of Global Client Relationships and Head of Trading Services. Frank also served as President and Chief Operating Officer of BNY Clearing Services LLC.

Prior to joining BNY, Frank was CEO of BHF Securities Corporation, the U.S. broker-dealer subsidiary of Germany’s BHF Bank AG, and COO of Société Generale Securities, responsible for developing the French financial institution’s U.S. brokerage business.

Frank currently serves as a member of the FDIC’s Systemic Resolution Advisory Committee, which provides counsel on a broad range of issues that impact systemically important financial institutions. Frank is also on the Board of Trustees of Catholic Charities of New York. From October 2012 to June 2022, he was a member of the Board of Directors of Euroclear SA/NV, the Belgium-based Central Securities Depository, where he served on the Board Risk Committee and the Nominations, Governance and Compensation Committee.

Frank holds numerous industry registrations and is a member of the Financial Industry Regulatory Authority's Board of Arbitrators. He earned a Bachelor of Science degree in Economics from The City University of New York and a Master of Business Administration in Finance from Wagner College. He also holds a Master of Arts in Theology from Fordham University.

Steven Maijoor joined the Executive Board of De Nederlandsche Bank (DNB) on 1 April 2021. As of 1 February 2024 he is also Chair of Supervision. Steven's remit includes supervision of banks, supervision policy and legal services. Furthermore, he is a member of the Supervisory Board of the European Central Bank (ECB) and the Board of Supervisors of the European Banking Authority. He is also a member of the Trustees of the IFRS Foundation.

 Before joining DNB's Executive Board, Steven was Chair of the European Securities and Markets Authority (ESMA), from 2011-2021. Between 2004 and 2011 he was a managing director at the Dutch Authority for the Financial Markets (AFM). Prior to that he was Professor (1994-2004) and Dean (2001-2004) at the School of Business and Economics, Maastricht University.

 Steven graduated from the University of Groningen with a degree in business economics and obtained a PhD in the same subject from Maastricht University in 1991.

 Steven was born in Hong Kong (1964).

Martin Moloney is the Deputy Secretary General of the Financial Stability Board. Prior to taking on his current role, he was the Secretary General of IOSCO and before that the Director General of the Jersey Financial Services Commission. He has previously held senior posts at the Central Bank of Ireland and in that capacity has been chair of the Investment Management Standing Committee of ESMA and has represented Ireland at the Board of ESMA. He also spent ten years in the Irish Department of Finance and began his career in the banking sector in the UK. He holds postgraduate qualifications in Economic Policy and Commercial Law and professional qualifications in banking and arbitration.

Sid Nadella leads the Financial Services - Capital Markets practice in the Global Strategic Industries team at Google Cloud. In this role he helps global Capital Markets clients transform, innovate and scale their business leveraging the technological prowess of Google.

Sid brings 20+ years of capital markets expertise, creating and scaling groundbreaking products and businesses. Prior to Google he started his career at Goldman Sachs, where he served as a front office strat and trader. His role there involved spearheading projects that created pioneering products in a dynamic and regulatory intensive environment, offering him a distinct insight into the fusion of technology and innovation within a highly regulated industry. Later, he took on leadership roles at Symphony Communications and LiquidNet.

Scott O’Malia is Chief Executive Officer of the International Swaps and Derivatives Association, Inc. (ISDA), a position he has held since August 2014. At ISDA, Scott has led the Association’s drive to promote safe and efficient markets, and develop industry standards and legal documentation. This includes a push to develop common standards and processes to support new technologies aimed at improving post-trade efficiency through the adoption of innovative and scalable fintech and regtech solutions.

ISDA is a global derivatives association that represents all derivatives users on key industry issues, including trading, clearing, reporting, margin, capital and legal standards. During Scott’s tenure, ISDA has expanded its Board to include broader representation of derivatives users, making it the most diverse in the Association’s history. Scott has also brought greater focus on market infrastructure issues – in particular, the cross-border harmonization of global central counterparty regulation, trade execution and data rules.

Prior to joining ISDA, Scott was appointed by President Obama and was confirmed by the US Senate to serve as Commissioner of the Commodity Futures Trading Commission (CFTC). He served in this position from October 2009 until August 2014. During this time, Scott debated and cast votes on the CFTC rules related to Title VII of the Dodd-Frank Act. While at the CFTC, Scott revived the Technology Advisory Committee, and led an active agenda investigating data standardization, highlighting trade execution rules and developing a better understanding of how algorithmic trading operates in regulated markets.

Scott has also had a distinguished career spanning 15 years in the US Senate, including roles as Clerk to the US Senate Appropriations Subcommittee on Energy and Water Development, Professional Staff on the US Senate Energy and National Resources Committee under Chairman Pete Domenici (R-N.M.), and nearly 10 years working for US Senator Mitch McConnell (R.-Ky.), now the Senate Majority Leader. During his career, Scott also helped establish the Washington, DC office of Mirant Corp., where he worked on rules and standards for corporate risk management and energy trading among wholesale power producers.

The Honorable Caroline D. Pham is the Acting Chairman of the Commodity Futures Trading Commission and has been a CFTC Commissioner since her nomination by the President and unanimous confirmation by the U.S. Senate in 2022. Pham is an internationally recognized leader in strategy and innovation, with deep expertise in capital markets and regulatory policy. Her commissionership has focused on promoting access to markets, competition, and market liquidity and efficiency. Pham has worked in law and finance for 24 years, including over 10 years of experience in crypto and digital assets. She is the sponsor of the CFTC’s Global Markets Advisory Committee.

Pham’s experience spans prudential regulation, financial markets, fintech, and emerging issues. Her international engagement is across all regions, both multilateral and with senior policymakers and business leaders. Previously, Pham was a Managing Director at Citi with group-level senior executive roles in the chief administrative office, institutional clients group (banking and markets), legal, and compliance. As head of market structure for strategic initiatives, she worked on investments and new opportunities.

Jamie Woodruff is an Ethical Hacker and Cyber Security specialist. Jamie is a highly respected figure in the world of hacking and cybersecurity. He started his journey into hacking at the age of 9, and his unique skills were first recognised when he uncovered a security flaw in a major social media platform during a student competition at a UK university. This achievement brought him into the spotlight and marked the beginning of his career in cybersecurity.

Known for his calm and approachable nature, Jamie has a distinctive way of presenting, shaped by his autism traits, which allow him to think outside the box and approach challenges from unique perspectives. His down-to earth style makes complex topics accessible and engaging, setting him apart from others in the field.

Over the years, Jamie has played a key role in uncovering vulnerabilities within major organisations, including identifying security risks in the online presence of high-profile individuals, such as Kim Kardashian. His ethical hacking ensured that their personal data and that of their followers were kept safe from potential threats. In his current role at a UK-based IT support and security company, Jamie oversees a range of services, including training, cloud solutions, penetration testing, and comprehensive IT support for schools and businesses. He also works with the Cyber Smile Foundation, providing expert advice on cyber safety to help tackle online bullying. Specialising in social engineering and the human side of cybersecurity, Jamie focuses on improving defences against both digital and physical threats. His presentations cover everything from ransomware to the changing cybersecurity landscape, all delivered with a relaxed and friendly style that helps shift the way people think about security.

Jamie is well known for his creative approach to ethical hacking, which sometimes involves physically infiltrating organisations to expose weaknesses. In one memorable case, he posed as a pizza delivery person and pick-locked his way into the secure areas of a major financial institution – all done with full authorisation as part of a penetration test. His career highlights his dedication to keeping people and businesses safe in both the physical and digital worlds, all while staying true to his laid-back nature and unique approach.

Ronald Wuijster has been appointed as Executive Board Member of APG Group NV as of March 2018, and has also been a member of the APG AM Management Board since February 2010 and CEO APG AM since May 2017.

Ronald has 30 years of experience in the investment world, including twenty years in executive and managing director roles. He has held a number of top positions at APG since 2006, including Managing Director Strategic Portfolio Management and Chief Investment Officer.

He is responsible for the asset management portfolio and as such is ultimately responsible for advising on and implementing the investment policy of the pension funds serviced by APG. The APG Group manages €616 billion in pension assets and ensures that over 4.6 million people can be confident that their accrued pension rights are being invested, administered, and paid out correctly.

Before joining APG, he held various managing directorships at Robeco, in the areas of corporate strategy, development, equities, private equity and research, among other positions.

Ronald is currently Chairman of DUFAS (Dutch Fund and Asset Management Association), a board member of FCLTGlobal and recently co-chair WEF Biodiversity Finance Initiative World Economic Forum 2022 and 2023 in Davos.

Ronald studied business economics and law at Erasmus University in Rotterdam and psychology in Leiden. He is married and has three children.

Paul advises on a broad range of derivatives, with particular experience in credit derivatives and strategic equity transactions.

Paul is the European adviser to the Credit Derivatives Determinations Committee which determines Credit Events and other matters of relevance for the credit derivatives market as a whole. Paul also advises individual market participants on a broad range of credit derivative transactions.

Paul’s strategic equity practice covers equity derivatives and margin loans as well as structured repo and stock lending transactions. Paul also regularly advises on hedging and advised the hedge counterparties on the restructuring of Premier Oil PLC.

Renée Atema is a product specialist for FX and Interest Rate Derivatives at ING Bank N.V.’s Legal Financial Markets team. She is responsible for advising on and drafting of tailor-made template terms for FX and currency option transactions, as well as interest rate products.

With over 25 years of experience in both trade processing and legal environments, Renée has developed extensive expertise in derivatives documentation and the creation of definitional provisions for FX and interest rate derivatives. She serves at ING as the primary point of contact for advice on bespoke, bilateral provisions and global developments related to these products.

Renée actively participates in various ISDA and EMTA working groups, aiming to facilitate and improve the standardization of provisions and template terms, as well as updates and supplements to ISDA definitional provisions.

Ann M. Battle is Senior Counsel at ISDA where she focuses on global benchmark reform, derivatives clearing and CCP-related issues, bank resolution, and netting and collateral opinions for cleared and uncleared derivatives. Prior to joining ISDA, she was a counsel in the Legal Division, Complex Financial Institutions Section of the Federal Deposit Insurance Corporation (FDIC). Her work at the FDIC focused on resolution of systemically important financial institutions and, specifically, on domestic and cross-border issues related to derivatives and financial market infrastructures. Prior to joining the FDIC, Ann was an attorney with the law firm of Sutherland Asbill & Brennan LLP in Washington, DC, where her practice focused on derivatives and structured products (including regulation of such products), secured and unsecured lending, and capital markets transactions.

Ann received her undergraduate B.S. Business Management from Georgia Tech and her J.D. from William & Mary Law School.

Andrew Bayley joined ISDA in April 2018 as Director for Data and Reporting. He is involved with ISDA’s engagement in relation to EU regulatory reporting initiatives, such as EMIR and MiFID. 
 
Prior to joining ISDA, Andrew was at Bank of America Merrill Lynch for 14 years where he held several derivative operations roles, before working within their regulatory reporting team for five years, involved in the implementation of several global regulatory initiatives including EMIR, HKMA, MAS and ASIC.  
 
Andrew has a degree in Cultural Studies and Literature from Staffordshire University

Nathanaël (Nat) Benjamin was appointed as the Bank of England’s Executive Director for Financial Stability Strategy and Risk and a member of its Financial Policy Committee (FPC) in December 2023. The FPC is the United Kingdom’s ‘macroprudential’ authority and it is tasked by Parliament with ensuring financial stability so that the UK financial system is able to absorb rather than amplify shocks, and serve UK households and businesses. Nat is responsible for the Bank of England’s work to deliver this objective.

Before that, from October 2021 to December 2023 Nat was the Executive Director in charge of Authorisations, Regulatory Technology, and International Supervision.

Nat originally joined the UK’s Financial Services Authority (FSA) in 2004, where he held a range of risk specialist roles: supervising how firms measure credit, market, insurance, and counterparty risks. During this time he also participated in policy developments under the Basel Committee and the European banking and insurance authorities. He became closely involved in the management of the global financial crisis, first in the UK and then at the Federal Reserve Bank of New York, where he was seconded from 2008 to 2010. After returning from secondment, he became head of the Prudential Regulation Authority’s division responsible for equipping the Bank of England with the capability to run concurrent public stress tests of major banks. In 2015, he was appointed to head the newly-created financial risk oversight function for the Bank of England's own balance sheet. In 2020 he became interim Chief Financial Officer (CFO), acting as the Executive Director in charge of the Finance & Performance directorate.

Nat graduated from the École Centrale de Paris and has a doctorate in applied probability from Oxford University.

Stephen Berger is a Managing Director and Global Head of
Government & Regulatory Policy at Citadel. He leads the firm’s
engagement on legislative and regulatory initiatives impacting the
financial markets globally, including in the United States, Europe, and
the Asia-Pacific region.

Mr. Berger has testified before the House Agriculture Committee on
the impact of the G-20 clearing and trade execution requirements,
presented before CFTC advisory committee meetings on issues
including package transactions and position limits, participated in
workshops at the New York Fed and Chicago Fed on CCP recovery and
resolution, and spoken on panels at MFA, FIA, Eurofi and ASIFMA
conferences on topics ranging from cross-border harmonization to US
Treasury market structure modernization.

Mr. Berger is a member of the CFTC’s Market Risk Advisory
Committee and the NFA’s CPO/CTA Advisory Committee. He serves
on the Board of Directors of the Program on International Financial
Systems. He has served as Chair of the Managed Funds Association’s
Derivatives and Swaps Committee and is an active participant in a
number of MFA, AIMA, SIFMA AMG, FIA and ISDA committees.

Prior to joining Citadel, Mr. Berger was an Executive Director at UBS
Investment Bank, where he led UBS’s US financial regulatory reform
team.

Mr. Berger received a bachelor’s degree from Princeton University.

Dan Berkovitz is Vice Chairman, External and Regulatory Affairs at Millennium, where he also serves as Chair of the Firm’s Compliance, Legal & Ethics Oversight Committee.

From 2021 to 2023 Dan served as General Counsel of the U.S. Securities and Exchange Commission. From 2018 to 2021 he served as a Commissioner of the U.S. Commodity Futures Trading Commission (CFTC), following previous service as the agency’s General Counsel (2009 to 2013). He also has been a partner and co-chair of the Futures and Derivatives practice at the law firm of WilmerHale, and Counsel for the U.S. Senate Permanent Subcommittee on Investigations, where he led several investigations into the energy and commodity markets. Currently Dan also teaches derivatives regulation at Columbia University Law School.

Dan received an A.B. in Physics from Princeton University and a J.D. from the University of California College of the Law, San Francisco, formerly known as U.C. Hastings College of the Law.

In her role, Kate Birchall is responsible for leadership of the global sales team across the LCH, LSEG Regulatory Reporting, Quantile and Acadia business lines. In her role, Kate focus’ on delivering commercial outcomes as well as enhancing the client experience across business lines.

Prior to her Sales role, Kate was the LCH Head of APAC. In this role, she was responsible for the regional strategy and business development, operation of the CCP clearing services in APAC hours as well as management of regulatory relationships in Asia.

Before joining LCH in 2018, Kate worked at a number of leading financial institutions, where she held led XVA, Structuring and Scarce Resources trading. teams Kate holds a Bachelor of Arts (Mathematics), from the University of Queensland and an Executive MBA from the London Business School

Stéphane Boivin is a senior policy expert at the European Banking Authority and Chair of the EBA Subgroup on Market Risk (SGMR), in charge of market risk and market infrastructures. He is leading the EBA work on the establishment - pursuant to EMIR 3 - of the EBA central validation function for pro forma initial margin models such as ISDA SIMM (‘IMMV Project’). He is also the EBA representative in the BCBS IOSCO Working Group on Margining Requirements (WGMR).
Before joining the EBA in September 2013, Stéphane was head of Counterparty Credit Risk, Market risk and Operational Risk Team at the ACPR Banking International Affairs Division and French member of the BCBS Trading Book Group and BCBS Risk Measurement Group.

Darcy Bradbury is a managing director of D. E. Shaw & Co., L.P. In that capacity, Ms. Bradbury is responsible for managing government and regulatory affairs and communications for the firm globally. Ms. Bradbury has over 30 years of experience in finance in the private and public sectors. She worked in public finance investment banking until 1990, when she was appointed Deputy Comptroller for Finance for the City of New York. Ms. Bradbury then joined the U.S. Department of the Treasury, serving as Assistant Secretary for Financial Markets. While at the Treasury Department, Ms. Bradbury managed public debt issuance and was responsible for overseeing policy matters involving Treasury financing and federal regulation of financial markets and government securities markets.

Returning to New York in 1997, she was a managing director and head of strategic business development at Bankers Trust Corporation and assisted in that firm’s integration with Deutsche Bank AG. In 2001, Ms. Bradbury entered the alternatives industry as a managing director and partner of Mezzacappa Management, LLC. Prior to joining the D. E. Shaw group in 2007, she was a managing director and co-head of client relations and marketing for Blackstone Alternative Asset Management L.P. Ms. Bradbury has also served on two corporate boards, including serving on audit and compliance committees.

Ms. Bradbury is active in industry and civic organizations. She served as Chair of the board of the Managed Funds Association, the trade association of the global hedge fund industry, from 2009 to 2011 and is currently a member of that organization’s government affairs committee and chair of the trading and markets committee. In 2012, she was appointed to the U.S. Security and Exchange Commission’s Investor Advisory Committee, and in 2013, Ms. Bradbury was appointed to the U.S. Commodity Futures Trading Commission’s Global Markets Advisory Committee. She served as Vice Chair of the board of the Population Council, a global non-governmental organization that conducts biomedical and public health research, and as Vice Chair of the Nurse-Family Partnership, one of the few evidenced-based early childhood intervention programs. She now serves on the board of CFY, a national non-profit that designs digital learning tools for students in low income communities, and as the Treasurer and on the executive committee of The Educational Alliance, one of New York City’s oldest community service organizations.

A former J.P. Morgan Managing Director and Chairman of the International Swaps and Derivatives Association (ISDA), Mark has been in the derivatives business for more than 30 years. He serves as Chief Executive Officer at Clear Markets, the builder of a CFTC-registered Swap Execution Facility (SEF) for negotiating, executing, and recording swap transactions, and separate distributed ledger technology that moves collateral in real time.
Before joining Clear Markets, Brickell worked for 25 years at J.P. Morgan, ultimately reporting to the Vice Chairman as Managing Director of the Derivatives Strategies Group.
While at JP Morgan, Brickell served for 12 years on the Board of Directors of ISDA, including four years as its chairman, two as vice chairman, and one as treasurer. As a result, he was actively involved in policy work that laid a foundation for the swap business. In the U.S., he worked with legislators on Capitol Hill on every significant piece of derivatives legislation since 1988, and with officials at the Federal Reserve Board of Governors, the Office of the Comptroller of the Currency, the Commodity Futures Trading Commission, and other agencies. Internationally, he worked with banking supervisors in Europe, Japan, and other countries, including the Basel Supervisors Committee, on capital requirements and other matters, including the windup of the swap book of the Development Finance Corporation in New Zealand and Hammersmith and Fulham’s swap activities in the United Kingdom.
He was a member of the Working Group that wrote the Group of Thirty’s (G30) seminal study titled "Derivatives: Practices and Principles" in 1993 under the supervision of Sir Dennis Weatherstone and Paul Volcker. Its 24 recommendations are still an important guide for both dealers and end-users of derivatives, and other managers of financial risk.
U.S. President George W. Bush nominated Brickell to serve as regulator of GSEs Fannie Mae and Freddie Mac in 2003. Brickell was also elected to the board of directors of First Command Financial Services, a Texas-based bank holding company, where he served more than 17 years alongside retired flag officers of the U.S. Army, Navy, Marines, and Coast Guard. His opinion columns have been published in the Financial Times and the Wall Street Journal, and he accepted the invitation to become a member of the Panel of Recognized International Market Experts-Finance, (P.R.I.M.E.-Finance) based in The Hague.

Suzanna is Counsel in the Derivatives and Structured Products group at Linklaters with over 18 years of post-qualification experience in both over-the-counter (OTC) and securitised derivatives. She specialises in OTC derivatives of various asset classes with particular emphasis on interest rate derivatives, stock lending and repurchase transactions, credit derivatives, and structured equity derivatives. She has extensive experience working with both financial institutions, corporates and buy-side firms on ISDA documentation and other standard market documentation. Suzanna has led numerous industry working groups working on high-profile projects including the recently completed 2021 ISDA Interest Rate Derivatives Definitions and multiple documentation initiatives addressing interest rate reform. She is currently acting as legal counsel to ISDA on the update to the FX derivatives definitions.

Suzanna is qualified to practice in England & Wales (Solicitor) and in France (Avocat à la cour).

Fabien Carruzzo, Chair of Kramer Levin’s Derivatives and Structured Products practice, counsels asset managers, investment banks, commodity traders and other market participants in the full spectrum of transactional and regulatory derivatives matters.

Recognized by Chambers Global and Chambers USA as one of the leading practitioners in derivatives and structured products, Fabien’s work covers a wide range of equity, credit, currency, commodity, and fixed-income derivatives and bespoke structures, as well as structured financing swaps, repos and other asset-based financing arrangements. Drawing on his experience advising clients on high-profile financial insolvencies, Fabien counsels clients in assessing and mitigating the liquidity, credit, insolvency and regulatory risks inherent in trading financial products. He also advises market participants on the implementation of regulatory reforms affecting the derivatives and futures industry globally.

Mr. Carruzzo works with credit derivatives has also involved advising traders on numerous prominent credit and succession events over the years, including recently, as counsel for the members of the International Swaps and Derivative Association (ISDA) North America Determinations Committee in the landmark decision in Sears to include a syndicated leveraged loan in the list of instruments that can be used to settle Sears’ Credit Default Swap (CDS) contracts. Fabien also currently represents a group of asset managers and credit funds in connection with the on-going implementation of changes to the composition, functioning, governance and membership of the Determinations Committees.

Mr. Carruzzo holds a Master of Law degree from The University of Chicago Law School and is a graduate, magna cum laude, of the University of Lausanne Law School and School of Forensic Science and Criminology, in Switzerland, where he received both a J.D. and a Master in Criminology.

Roy Choudhury is a Managing Director & Senior Partner at Boston Consulting Group (BCG) based in New York. Roy also leads BCG’s Commercial, Corporate and Investment Banking, Global Markets practice in North America. He has deep expertise in front-to-back trade lifecycle across all major asset classes, financial risk management, balance sheet management. corporate treasury, digital assets, and distributed ledger technology, climate and sustainability, and Scaling AI/Gen AI in Financial Services.

Roy led BCG’s work with ISDA on the publication of “The Value of OTC Derivatives: Empowering Organizations to Manage Risks, Enhance Returns and Optimize Liquidity.”

He is an industry thought leader on the transformative potential of Digital Assets and Distributed Ledger Technology in Capital Markets. He led BCG’s collaboration with the World Economic Forum (WEF) on Digital Assets, Distributed Ledger Technology and the Future of Capital Markets and with GFMA on Central Bank Digital Currencies: A Global Capital Markets Perspectives and Impact of Distributed Ledger Technology in Global Capital Markets.

Roy also leads Climate & Sustainability across the Financial Institutions (FI) sector. He supports leading global and regional banks in 1) Delivering on the bank’s Net Zero (NZ) commitment, 2) Building capabilities to accelerate the client’s transition, and 3) Building risk management capabilities to meet heightened expectations from regulators. He led BCG’s work with the Global Financial Markets Association (GFMA) on Climate & Sustainability, and was the lead author on the following publications: "Climate Finance Markets & the Real Economy", "Global Guiding Principles for Developing Climate Finance Taxonomies" and "Unlocking the Potential of Carbon Markets to Achieve Global Net Zero".

Roy was a member of the Alternative Reference Rate Committee (ARRC) and co-chaired the Operations & Infrastructure Working Group focused on post-trade life-cycle impact of LIBOR transition on fixed income, derivatives, securitization, and loans.

Roy is a Chartered Accountant and MBA (Strategy & Finance) – Melbourne Business School.

Laura Cooper is Managing Director, Head of Macro Credit and Global Investment Strategist at Nuveen where she provides directional guidance to internal portfolio managers and strategic insights to clients, helping to shape macro and top-down investment views. Prior to joining Nuveen, Laura led a team of multi-asset strategists at BlackRock dedicated to providing macro insights and tactical investment research.

Previously, Laura was the European macro strategist at Bloomberg, providing tactical trade ideas and market commentary. She also led an investment team as the Director and Head of FX Strategy at RBC Wealth Management, shaping the global house view for G10 currencies and rates while serving on the firm's Investment Committees and Global Portfolio Advisory Committee. Her career in the financial industry began as an economist with RBC Capital Markets in Toronto before transitioning to a thought leadership role within the Office of the CEO.

Laura holds a Master of Science degree in Economics from the London School of Economics. Her research contributions have been featured in publications such as The Economist and she has written columns for the Financial Times. Laura frequently shares insights and expertise across various media platforms, regularly appearing in broadcast and at major conferences. Beyond her professional endeavours, she supports a global initiative to transform the funding and support available to women-led ventures and mentors emerging talent within women in finance initiatives.

Sebastian “Benny” J. Crapanzano II is a Managing Director of Morgan Stanley and Global Head of Fixed Income Business Unit Risk Management where he is a member of the Division’s Operating Committee. He was previously Global Head of Counterparty Risk Management for Sales and Trading. Benny joined the Firm in 2000 as an Associate in Collateral Risk Management based in New York and has served in a variety of roles throughout his career with the Firm. He was named Vice President in 2004, Executive Director in 2006 and Managing Director in 2011. Benny serves on the Board of Directors for the International Swap and Derivatives Association (ISDA). He earned a B.A. in Mathematics, Economics and Government & Law from Lafayette College in 1997 and is currently a member of their Board of Trustees. Benny currently resides in New York, NY.

Caroline Dawson is a Partner in the Financial Regulation group in Clifford Chance's London office. Caroline specializes in advising financial institutions and other market participants on financial market regulation, mergers and acquisitions in the financial sector and securities and derivatives transactions. Caroline regularly advises leading investment and commercial banks, industry associations and other clients on financial regulation and participates in industry committees and working groups on financial regulatory issues.

Ido de Geus is the Head of Fixed Income at PGGM, overseeing €80 billion in European Government bonds, SSAs, and the interest rate overlay. Next to that, Ido plays a key role in leading the transition of the investment portfolio to the New Pension Contract.

Since joining PGGM in 2001, when he started as a portfolio manager at the Treasury department, Ido has held a series of leadership roles within the company. He led the Treasury team, supervising liquidity and collateral management, and the Client Portfolio Management team, being in charge of overall portfolio rebalancing. In his current role he has been responsible for government bonds, credits, Emerging Markets and Dutch Mortgages. Ido studied Econometrics at the University of Groningen.

PGGM is the fiduciary and asset manager for PFZW, the Dutch pension fund for the health care sector, ranking 11th in the world and 3rd in Europe by size, with a total AuM of approximately €250 billion.

Douglas J. Donahue is a Partner in the Finance practice of Linklaters LLP. He has a diverse practice that focuses on transactional and advisory matters related to derivatives. He represents both buy and sell-side institutions, including some of the foremost dealers, banks, and hedge funds, in connection with the development, structuring, negotiation and documentation of a wide variety of financial products. These products include total return swaps, swap intermediations, credit derivatives, interest rate swaps, commodity swaps, currency swaps, and other funded and unfunded products.

Douglas also advises such clients on regulatory issues, particularly those arising in the wake of the Dodd-Frank Act, related to derivatives. What's more, he has extensive experience with hybrid products that combine securitization and/or project finance techniques and derivatives. He is also at the forefront of industry efforts related to Dodd-Frank, including representing ISDA in connection with its Dodd-Frank initiatives.

Douglas recently represented ISDA on the preparation of its initial margin documentation for the SEC’s margin rules, a User’s Guide for all of its next generation regulatory initial margin documentation and its ISDA Clause Library. He is currently representing ISDA in connection with its preparation of Digital Asset Definitions and related trade confirmations. He also leads Linklaters’ partnership with ISDA on ISDA Create.

Milan Dragaš is Head of SIMM Analytics at the Standard Chartered Bank (SCB), where he is responsible for internal implementation of the ISDA SIMM model and its full lifecycle, including modelling, documentation, regulatory and model risk compliance, and Risks-not-in-SIMM. Previous roles at the SCB include Head of Market Risk Analytics, Europe and Head of Valuation Control Methodology, Europe.

Before SCB, Dr. Dragaš work experiences were at Barclays as a Valuation Control Quantitative Analyst and as a post-doctoral researcher in Optoelectronics at the University of Bristol, UK.

Dr. Dragaš completed both his PhD in Optoelectronics and a BEng degree in Electronic Engineering at the University of Bristol, UK.

Isabelle Drinkuth is Head of Legal Capital Markets at Amundi. Together with her teams Isabelle is rendering legal advice on a wide range of financial market investments and structured debt market transactions. Isabelle also advises various Amundi group entities on the evolution of major European financial market regulations including EMIR, MIFID/R, CSDR, and SFTR. In her role she supports the firm’s advocacy and is implicated in regulatory implementation projects. Isabelle is an active member in various French and European industry committees and working groups. Since 2022 she also chairs EFAMA’s Trade, Trade Reporting and Market Infrastructures Standing Committee.

Isabelle is a fully qualified German lawyer. Prior to joining Amundi in 2014 Isabelle worked for different buy and sell side institutions in Germany and France.

Thomas Fielden joined Optiver five and a half years ago, in his first year he traded Emerging Market ETF Options before moving to the European Single Stock Option desk. He is currently leading a market making team out of Amsterdam which is one of the largest liquidity providers both on screen and off market. Thomas holds a bachelor’s and master’s degree in mathematics where he specialized in financial mathematics and statistics for his degree from the University of Cambridge, United Kingdom.

Simon Firth is one of the leading authorities on the law of derivatives, with over 35 years experience of this subject. He is a partner of Linklaters LLP and the author of Firth on Derivatives Law and Practice, the leading textbook on English derivatives law, which is frequently cited in the courts and has been followed in several important derivatives cases. He has extensive experience in advising about the interpretation of the ISDA Master Agreement and other standard form documentation and many of his opinions have been relied on by the market generally.

He was the principal legal adviser to the English administrators of the Lehman Brothers companies on their derivatives, repo and stock lending positions and the principal English law adviser to the administrators of the Icelandic bank LBI hf on these matters. The cases in which he acted include Lomas v JFB Firth Rixson, Inc [2012] 2 All ER (Comm) 1067, which is now the leading authority on the ISDA Master Agreement. They also include Re Lehman Brothers International (Europe (No.6) [2014] 2 BCLC 451, which established a number of important principles regarding the interpretation of the close-out provisions, and Re Lehman Brothers International (Europe) [2023] 2 All ER (Comm) 130, which considered the limb of ISDA Master Agreement Event of Default that concerns arrangements with creditors. In Lehman Brothers Finance SA v Sal Oppenheim Jr & Cie KGAA [2014] EWHC 2627 and Lehman Brothers Finance AG v Klaus Tschira Stiftung GmbH [2019] 2 All ER (Comm) 97, his views about the interpretation of these provisions were cited with approval by the High Court.

He is responsible for the updating of ISDA’s English law netting and collateral opinions and was part of the team that drafted the 2021 ISDA Interest Rate Definitions. In 2024 he undertook a review, at the request of ISDA, of the operation of the Credit Derivatives Determinations Committees. His report made a number of recommendations for the reform of the determinations process which, in a subsequent consultation, gained broad market support.

He is a member of the Financial Markets Law Committee, which is responsible for identifying issues of legal uncertainty in the wholesale financial markets. He is also a Visiting Professor at the University of Law.

Alexandra Gebauer is heading the International Policy/Regulation Division. Main areas of her work cover the steering and coordination of European and international policy work in BaFin’s banking supervision across various risk areas. Before taking over this role she worked for over a decade in the supervision of counterparty credit risk models, which included work on horizontal supervisory initiatives in the area of CCR management in the SSM. Alexandra is chairing Basel’s Market Risk Group.

Emmanuel Geinoz is an expert within the Pictet Group in Market Infrastructure regulatory and risk topics. He brings his expertise on Market Infrastructure framework (securities and derivatives trading setups, trade & transaction reporting, clearing, risks mitigations, booking) across the Group for the following jurisdictions: EU, UK, Switzerland, US, Canada, Singapore and Hong Kong. Previously Emmanuel implemented EMIR, MiFIR, FinFrag and MAS reporting for Pictet Asset Management. Emmanuel started his career in finance as market maker on the Swiss Options and Financial Futures Exchange (SOFFEX) .

Emmanuel represents the Pictet Group in the ISDA Data and Reporting EMEA Working Group, as well as in the ISDA EMIR/CFTC Digital Regulatory Reporting Peer Review Group.

Mark Gheerbrant is ISDA’s Global Head of Risk and Capital. He has 30 years of experience in the derivatives markets covering trading, risk management and capital management.

Prior to joining ISDA in April 2014, Mark had a number of roles in risk and capital management including global head of portfolio risk at Commerzbank and Head of Capital Management at Standard Bank. His extensive trading experience covers a variety of products and markets, including seven years at Rabobank where he was Global Head of Markets.

Mark has served on numerous board committees including the Executive Committee of Standard Bank plc, the Group Risk Management Committee and Capital Management Committee of Rabobank Group.

Mark has a first-class degree in Engineering, an MBA and is a qualified Chartered Accountant and Corporate Treasurer.

Giada Giani is a Senior European Economist on the European Economics team at Citi Research, previously based in London and since 2020 based in Milan. Giada joined Citi in 2009. She covers the euro area with a focus on inflation and on euro area periphery countries, Italy and Spain, as well as the Scandinavian economies, Sweden and Norway. Previously, she spent three years with Lehman Brothers in London as an economist focusing on the inflation market as well as covering the Italian economy. Prior to that, Giada worked for four years as the Italian economist at Banca Intesa in Milan, Italy.

Christy Goldsmith Romero was sworn in as a CFTC Commissioner on March 30, 2022, after being nominated by President Joseph Biden in September 2021, and unanimously confirmed by the U.S. Senate.  Commissioner Goldsmith Romero has more than 20 years of experience as a career federal attorney and leader in financial regulation, serving under four Presidents at the CFTC, Department of Treasury, and the U.S. Securities and Exchange Commission.

She promotes market resiliency, integrity, vibrancy, and financial stability, while overseeing CFTC-registered banks, brokers, exchanges, clearinghouses, funds, and commodity producers.  As the sponsor of the CFTC’s Technology Advisory Committee, Commissioner Goldsmith Romero has focused on the future of finance.  Under her sponsorship, the Committee examines emerging technology (AI, fintech, digital assets, and blockchain), responsible innovation, and cybersecurity.  She established new membership in the Committee, including experts in digital assets, AI, fintech blockchain, and cybersecurity.  The Committee released first-of-its kind reports on Decentralized Finance (released January 2024) and Responsible Artificial Intelligence in Financial Markets (released May 2024). 

Commissioner Goldsmith Romero has also focused on cyber resilience in markets, a topic that the Technology Advisory Committee examines.  After substantial engagement with banks, brokers and commodity producers, she led the drafting of the CFTC’s first operational resilience proposed rule for swap dealers and futures commission merchants, which garnered a unanimous Commission vote. 
 
Prior to becoming a CFTC Commissioner, Commissioner Goldsmith Romero served for 12 years at the Department of Treasury, including for a decade as the Special Inspector General for TARP (SIGTARP), after President Obama’s nomination and the U.S. Senate’s unanimous confirmation in 2012.  There, she led a nationwide, independent law enforcement and audit watchdog office that conducted oversight over the Troubled Asset Relief Program that covered banks, derivatives, housing, the automotive industry and insurance.  In that role, she worked to strengthen the financial system.  Under her leadership, SIGTARP developed a unique ability to uncover hidden fraud in banks...[READ FULL BIO HERE: https://www.cftc.gov/About/Commissioners/ChristyGoldsmithRomero/index.htm#full-page-bio]

Greta Graziani is a participant in the ISDA Future Leaders in Derivatives program. She leads Product Design for Valuation and Risk at OSTTRA and is business manager for triCalculate, a service acting as OSTTRA’s calculation engine for valuation and risk measures like XVA and Initial Margin.

Prior to assuming her current role, Greta worked in the Valuation Analytics and Quant teams at triCalculate, where she also wrote her MSc thesis in Applied and Computational Mathematics with major in Financial Mathematics.

Outside of work, Greta is an active 800-meter runner and a passionate AS Roma supporter.

Frédéric HERVO is currently Deputy General Secretary of the French Autorité de contrôle prudentiel et de résolution (ACPR), in charge of banking supervision and licensing.

He has been co-chair of the BCBS/IOSCO Working Group on Margin Requirements for non-centrally cleared derivatives since 2021.

Between 2021 and August 2024, he was the Director of the second Banking Supervision Directorate of the ACPR, contributing to the supervision of the French cooperative banking groups, within the Single Supervisory Mechanism, and responsible for the supervision of investment firms, payment and e-money institutions, as well as CCPs.

He was previously director for International Affairs of the ACPR, between 2016 and 2021, in charge of prudential regulation for banks and insurers.

Before, he held several positions at Bank of France since 1992, including as Director of the Payment Systems and Market Infrastructures directorate from 2012 to 2016. He was a member of the BIS Committee on Payment and Market Infrastructures (CPMI) between 2007 and 2016 and of the CPMI/IOSCO Steering Group, in charge of developing and monitoring the implementation of the Principles for Financials Market Infrastructures, between 2009 and 2016.

Andy Jackson is an Executive Director and Senior Counsel at Goldman Sachs Asset Management covering trading for the UK and Europe, including:

(i) regulatory reform: advocacy and implementation including in respect of EMIR, BMR, MiFID, SFTR and CSDR;

(ii) market infrastructure: trading venues, clearing and reporting; and

(iii) product/transactional: derivatives (OTC and futures), repos and cash products.

Andy is also the Co-chair of the Investment Association’s Derivatives Committee.

Prior to Goldman Sachs Asset Management, Andy was a Senior Associate in Allen & Overy’s Derivatives and Structured Finance group specialised in OTC derivatives (cleared and uncleared), transactional and regulatory. Clients included trade associations, dealers, asset managers and corporates.

Carolyn Jackson is a Partner in the Financial Markets and Regulatory practice at Katten Muchin Rosenman UK LLP. She is a dual-qualified lawyer (England, New York) and advises clients on complex cross-border issues involving the regulation of financial institutions and financial products. Prior to her legal career, Carolyn managed the New York trading desk of several investment banks and was formerly the executive director and board member of the International Swaps and Derivatives Association, Inc. She is a member of the Financial Markets Law Committee and the panel of experts of P.R.I.M.E Finance.

Stéphane heads up AXA IM’s Global Regulatory Developments and Public Affairs directorate at worldwide level.

Before joining AXA IM in 2015, Stéphane was Head of the International Affairs Division at the French Asset Management Association (AFG), responsible for international regulatory strategy and promotion.

He was previously Head of Market Surveillance and Responsible for Strategy and Risks at the Autorité des Marchés Financiers (AMF). Still at French level, since 2020 Stéphane has been a member of AMF’s External Advisory Committee as well as a member of AFG’s Non-Executive Director Strategic Committee.

At European level, since 2021 Stéphane has been Co-Chairman of the Asset Management and Investors Council, International Capital Markets Association (ICMA). From 2018 to 2021, he was a member of the Board of Directors at the European Fund and Asset Management Association (EFAMA). Beforehand, within the European Commission, he was a Seconded National Expert from 2000 to 2004 – in charge of drafting and negotiating UCITS, Hedge Funds, Credit Rating Agencies and Market Abuse legislations on behalf of the European Commission.

At worldwide level, Stéphane is a member of the World Economic Forum (Davos Forum)’s working group on “The Future of Capital Markets”.

Stéphane started his carrier at the International Monetary Fund (IMF), in Washington D.C.

He graduated from the Institut d’Etudes Politiques (IEP) – “Sciences Po”, in Paris.

Over the course of his career, Thomas W. Jasper has played a leading role in the growth and development of key areas of the financial markets. Mr. Jasper is the Managing Partner of Manursing Partners, LLC. Most recently, he served as Chief Executive Officer (2001-2010) and a director (2002-2010) of Primus Guaranty, Ltd., a company he joined in 1999 and led for a decade. During his tenure, Primus established the first credit derivatives product company (CDPC), an innovative business model for selling credit protection to global financial institutions and also expanded into credit asset management. Thomas led the Company’s capital-raising initiatives, which totaled over $800 million in equity and debt, including an initial public offering and listing on the New York Stock Exchange. At its peak, Primus managed a $24 billion credit swap portfolio and $3.7 billion in structured credit assets. Prior to joining Primus, Thomas served for 17 years as a key executive of Salomon Brothers, Inc and its successor companies. Thomas accomplishments at Salomon included: establishing its interest rate swap business, running its Debt Capital Markets platform, serving as Chief Operating Officer of the Asia Pacific Region and as Global Treasurer in New York. In 1984 while at Salomon, Thomas co-founded the International Swaps and Derivatives Association (ISDA) and served as its first Co-Chairman. Thomas was recognized for his profound contributions to the field of risk management through his inclusion in 2003 in the RISK Hall of Fame. Thomas serves on the Boards of the Blackstone Senior Loan Fund (NYSE: BSL), Blackstone Long-Short Credit Income Fund (NYSE: BGX) and Blackstone Strategic Credit Term Fund (NYSE: BGB). He also serves on the advisory board of PRIME Finance based in The Hague and is one of its panel of experts. He serves on the board of the Wellspring Foundation. He received his BBA from Southern Methodist University and his MBA from the University of Texas.

Udesh Jha is a Managing Director within the Clearing and Post-Trade division at CME Group and heads the Post Trade Risk Management team and has worked at CME since 2010. This group comprises Quantitative Risk Research & Financial Development who develop and maintain financial models related to pricing, margining, stress testing and other risk analytics. In other roles at CME Group, he also served as the Chief Risk Officer of CME Clearing Europe and Global Head of Post-Trade Services.

Prior to joining CME Group, he worked at Capital One, Bank of America Securities, and QRM in different roles ranging from ALM, Funds Transfer Pricing and CDO Structuring. Prior to that, Udesh was a Senior Management Consultant with IBM Consulting assisting clients with Supply Chain Management solutions across different industrial sectors.

Udesh holds a Bachelor’s degree from the Indian Institute of Technology, a Masters in Science in Civil Engineering from University of Connecticut and an MBA degree from the University of Chicago Booth School of Business.

Commissioner Johnson was sworn in as a CFTC Commissioner on March 30, 2022, after being nominated by President Joseph Biden in September 2021, and unanimously confirmed by the United States Senate. Commissioner Johnson is a nationally recognized expert on financial markets risk management law and policy with specialization in the regulation of complex financial products including the origination, distribution, and secondary market trading, clearing, and settlement of securities and derivatives. She is an internationally recognized expert on financial markets regulation and corporate governance, compliance, and risk management. Her recent work examines the implications of emerging innovative technologies including distributed digital ledger technologies that enable the creation of digital assets and intermediaries and artificial intelligence technologies that target commercial and consumer financial transactions, transfers, and assessments. Commissioner Johnson has testified hearings before the United States House of Representatives Financial Services Committee Subcommittee on Consumer Protection and Financial Institutions and the United States House of Representatives Financial Services Committee Task Force on Financial Technology and the Task Force on Artificial Intelligence.

Prior to joining the Commission, she held endowed professorships at Emory University and Tulane University Law Schools and visiting professorships at prestigious law schools around the nation. She is an elected member of the American Law Institute, an American Bar Foundation Fellow, and Chair of the Securities Regulation Section and the Executive Committee of the Business Associations and Financial Institutions and Consumer Financial Services Sections of the Association of American Law Schools.

Prior to entering the academy, Commissioner Johnson served as Vice President and Assistant General Counsel in the Treasury Services Division of one of the largest financial institutions in the world supporting private funds cash management services, a corporate associate at Simpson, Thacher, and Bartlett LLP’s New York and London offices where she represented issuers and underwriters in domestic and international debt and equity offerings, lenders and borrowers in banking and credit matters, and private equity firms and publicly-traded companies in mergers and acquisitions.

Ulrich Karl is Head of Clearing Services at the International Swaps and Derivatives Association (ISDA), with responsibility for leading ISDA’s global clearing strategy. This includes issues related to central counterparty (CCP) risk management (resilience, recovery and resolution), the impact of Brexit on the clearing landscape, as well as clearing mandates (for products and counterparties), clearing access, capital charges for CCP exposures and related topics.

Before ISDA, Ulrich worked for HSBC, where he most recently served as co-head of CCP risk in the global markets division. While at HSBC, Ulrich served as the industry chair for ISDA’s clearing, risk and capital working group.

Ulrich holds a MSc in Electrical Engineering from Technische Universität in Darmstadt.

Eleanor Kelly is Managing Director at J.P. Morgan Chase & Co. Global Head of Markets Operations Regulatory Change and Controls. She is responsible for Securities and Derivatives Trade and Position Regulatory reporting. She Leads regulatory reporting projects, and has ownership of reporting controls and design and implementation of strategic agenda.

Steven Kennedy is Global Head of Public Policy at the International Swaps and Derivatives Association, Inc. (ISDA). He is responsible for leading ISDA’s public policy and research initiatives in America, Europe and Asia, and leads a team of professionals in ISDA’s New York, Washington, London, Brussels, Hong Kong, Singapore and Tokyo offices. Steven is a member of the Commodity Futures Trading Commission’s Global Markets Advisory Committee.

Prior to joining ISDA in 2011, Steven was a principal of Kennedy & Company, a boutique communications consulting firm that he launched in 1995. During this time, he worked closely with ISDA in a range of capacities, including public affairs and financial marketing.

Over the course of his career, Steven has also assisted firms around the world with their investor and communications strategies and initiatives, including their capital market, financial regulation, IPO, merger, acquisition, crisis, branding and related activities. He advised the first Brazilian company and the first Chinese company that directly listed on the NYSE, as well as two large insurers on their demutualizations and IPOs.

Steven holds dual US-EU (Ireland) citizenship, and is an honors graduate of Baruch College, CUNY.

Sebastian Kiris participates in this year’s ISDA Future Leaders in Derivatives 2024–25 program.

He contributed to the white paper on 'Collateral & Liquidity Efficiency in the Derivatives Market', focusing on challenges to global collateral efficiency and liquidity resilience.

At RWE, Sebastian manages FX/IR/Inflation, Credit, and Liquidity risks as a Financial Risk Management Expert. Sebastian Kiris contributed to managing risk at RWE during volatile times.

His academic credentials include a Master of Finance from the Nova School of Business and Economics, Lisbon, and a Bachelor in Energy Economics from the University of Applied Sciences Darmstadt.

Hélène Kouyate is a Counsel in the Financial Regulation Services practice of Clifford Chance. She is an Avocat à la Cour, member of the Paris bar, and has a PhD degree in law. She regularly advises international and French regulated entities on regulatory requirements relating notably to prudential capital, governance, resolution and ESG. Hélène was part of the ISDA Future Leaders in Derivatives program in 2022-2023, in the context of which she worked on energy security issues.

Tara Kruse is the Global Head of Infrastructure, Data and Non-Cleared Margin at ISDA. In her role leading ISDA’s Non-Cleared Margin Initiative, Ms. Kruse helps facilitate the implementation of margin rules for non-cleared derivatives across jurisdictions and oversees maintenance of the ISDA Standard Initial Margin Model (ISDA SIMM). She also leads ISDA’s Market Infrastructure and Technology initiatives and its Data, Reporting and FpML work.

Before joining ISDA, Tara was a vice president in the Derivatives Projects Group at Morgan Stanley which was responsible for implementation of global trade repository reporting for credit and equity derivatives and global cross-asset regulatory reference data. Prior to that, Tara was head of Americas IRCC Derivative Documentation and global head of Credit Derivative Documentation Drafting at Morgan Stanley. Prior to Morgan Stanley, Tara was the global head of Credit Derivatives Documentation at Bear Stearns.

TJ Lim started his career at JP Morgan in 1983 where he was a member of the group which started the swap business at JP Morgan. He covered the role of European Head of Fixed Income at UBS and moved to Dresdner Kleinwort Benson as Co-Head of the Global Markets Division and member of the Management Board.

At Merrill Lynch he was Managing Director and Head of Merrill Lynch's International Debt Markets and member of the Ex. Mgmt Committee for Merrill Lynch Europe Middle East and Africa.

TJ was founder and CEO of New Smith Financial Products, the Credit Advisory arm of New Smith Capital Partners.

TJ joined UniCredit Group in 2008, following the acquisition of NSFP, as Head of Markets at CIB Division. On October 2016 he was appointed Group Deputy Chief Risk Officer, in charge of orchestrating the management and disposals of Non-Performing Loans, Repossessed Assets, Bad Loans and any Distressed Assets.

In July 2017 TJ became also responsible for the new Group NPE structure.

In September 2017, he was appointed Group Chief Risk Officer in charge of the Group Risk Management activities, with a specific focus on strategic steering of risks at Group level and the definition of Risk Management policies and guidelines.

From May 2021, TJ continues as Group Risk Officer.

Chris Lipscomb is Global Head of Rates in the Corporate Derivatives Group at Morgan Stanley, which provides solutions for the Firm’s corporate clients to manage macro market risks in their business.

He has over 20 years experience working with clients to structure and execute interest rate, inflation and FX derivatives, often in relation to financing or M&A activity.

He pioneered “repack” technology which enabled corporates to benefit from long-dated uncollateralised derivative credit lines through tapping into institutional demand.

He has worked extensively with clients to provide “deal contingent” hedges which provide clients with hedges only in the event that an M&A or financing closes successfully.

Prior to his current role, Chris ran EMEA corporate derivatives and the Corporate UK Debt Capital Markets team at Morgan Stanley.

Chris holds a first class honours degree in Philosophy from King’s College, Cambridge

Eric Litvack is a Managing Director and Group Head of Public Affairs at Société Générale, with responsibility for coordinating regulatory and public policy engagement across the bank.

In an over 30-year career, he has held a number of roles within the Group including Head of Regulatory Strategy for Global Banking and Investor Solutions, as well as chief operating officer for the equities and equity derivatives activities of SG CIB’s Global Markets division, and has also held various trading and business management positions within Société Générale’s Equity Derivatives business.

Mr. Litvack joined Société Générale in 1986. He has been based in Paris since 1996, having previously been employed in derivatives trading by Société Générale in London.

Mr. Litvack graduated in 1985 from the University of Toronto. He has been a member of the Board of the International Swaps and Derivatives Association, Inc. (ISDA) since 2006 and was Chairman of the Board from 2015 to the end of 2024, and was a member of the Board of LCH SA, the Paris-based clearinghouse, from 2013 to 2022. He is also a member of the Board of the Global Financial Markets Association, and was a member of ESMA’s Securities and Markets Stakeholders Group from 2016 to 2024.

Romina is the Chair of the ISDA Latin America Committee and Senior Vice President, Global General Counsel and Structuring Latin America at Frontclear. She has over 25 years of experience in capital markets and investment banking, across both legal and business roles. Prior to joining Frontclear, she served as Managing Director of Relationship Management for Latin America at Scotiabank. She also worked at Sidley and Brown & Wood in New York and at Bruchou, Fernandez Madero & Lombardi in Buenos Aires. Romina holds a law degree with honors from the University of Buenos Aires, with a specialization in Business & Economic Law, and is fluent in Spanish, English, and French. Her speaking engagements include panels on financial inclusion at the Women’s Forum Mexico (2017), developing and trading in local capital markets at the 33rd ISDA AGM in Miami (2018), the Regulators Roundtable on Money Markets and Derivatives in Costa Rica organized by Frontclear, the CABEI Regional Seminar on Risk Management for the Public Sector (2019), the 36th ISDA AGM in Madrid (2022), the Central Bank workshop on Developing Derivatives Markets in the Dominican Republic organized by the IFC (2023), and a capacity-building workshop for regulators and financial institutions in Costa Rica (2024).She also participated in Episode 33 of The Swap podcast in 2024 and chairs the bi-annual ISDA Latin America Committee meetings in New York. These sessions focus on country updates on netting and collateral and cover key regional topics including benchmarks, arbitration, SFTs, FX, and carbon credits. Romina has contributed to the drafting of netting legislation, OTC derivatives regulation, and local derivatives agreements for several emerging market jurisdictions. She is co-founder and board member of AbogadasMX, an NGO dedicated to the advancement of women lawyers. She was named one of the most influential female lawyers in Mexico by Foro Jurídico magazine in 2018 and was appointed to join the P.R.I.M.E. Finance Expert Panel (Arbitration) in The Hague in 2019.

David Lynch is Deputy Associate Director for Policy Research and Analytics in Supervision and Regulation at the Board of Governors of the Federal Reserve. He joined the board in 2005. His areas of responsibility include Volcker metrics, Swap Margin, and oversight of models for Market Risk Capital and Counterparty Risk Capital. Mr. Lynch was a representative on the Risk Measurement Group and the Market Risk Group of the Basel Committee on Banking Supervision and is now a co-chair of the Research Group. He has worked at the U.S. Securities and Exchange Commission in broker-dealer finance and holds a PhD in Economics from the University of Maryland.

In his role, Oliver Maxwell is responsible for driving automation and operational scalability across client Lifecycle management. Leveraging the power of the S&P Global Counterparty Manager ecosystem which is the industry standard solution that supports the entire client lifecycle.

He began his career at Fidelity Investments, where he progressively advanced to manage the investor client services team. This early experience ignited his enthusiasm for financial markets, leading him to delve into futures trading at OSTC, where he achieved notable success. Subsequently, Oliver transitioned to various prominent buyside and sellside firms, such as J.P. Morgan and Barclays, where he primarily directed large global operational teams focused on outreach, onboarding, KYC, regulatory compliance, and technology process enhancements before moving to S&P Global.

Amy Merrill is the Chief Executive Officer of the Integrity Council for the Voluntary Carbon Market (ICVCM), the independent global governance body that sets and enforces threshold quality standards for the voluntary carbon market.

Between 2011 and 2021, Amy led the UNFCCC support to the development of Article 6 of the Paris Agreement, leading negotiations and drafting that resulted in adoption of the Article 6 implementing rules at COP26 (2021). Amy was also the senior lawyer at UNFCCC for the Kyoto carbon mechanisms and the Kyoto Protocol and Paris Agreement compliance committees. Before UNFCCC, Amy was a leading carbon and climate finance lawyer in the City of London, working with MDBs and investment banks. After UNFCCC, Amy was senior legal counsel at a natural capital asset manager and then worked as interim COO at ICVCM on secondment from the Center for Climate and Energy Solutions (C2ES). Amy is a qualified UK lawyer with more than 20 years of experience.

John Morik is a Managing Director at BNY serving as Product and Strategy Lead for Government Securities Services. John leads many of our efforts within the product team for GSS across our Clearing and Collateral businesses. Most recently he led the Future of Collateral program to reimagine our combined International and US Collateral Management services. John has served on a variety of industry committees including the SIFMA Government Operations Committee, SIFMA Rates and Funding Committee, and Treasury Market’s Practices Group working group.

Mr. Morik has more than 30 years experience in the securities industry. He has held operational and managerial roles in project management, audit/compliance administration, business analysis, and operations management. In 2003, he was the lead manager responsible for opening BNY’s Orlando operations center for the bank’s Global Clearing and Global Collateral business. In 2009, he represented BNY on the Tri-Party Infrastructure Reform Task Force and led the effort at BNY to re-architect the settlement process for triparty repo transactions, a process that still exists today. More recently, John was instrumental in establishing BNY Government Securities Services Corp., the entity responsible for US Government Securities Clearance and Collateral Management activities.

Prior to joining the company in 1995, Mr. Morik was with Bank of America. He earned a Bachelor of Arts from Albany University.

Sir Edward Murray became a High Court Judge on 1 October 2018. He sits in the King’s Bench Division. In November 2021 he was appointed a Presiding Judge of the South Eastern Circuit and is currently the Lead Presiding Judge for the Circuit. He was formerly a partner in the international law firm Allen & Overy LLP (now, A&O Shearman) where he co-founded the firm’s global derivatives practice in 1991. For most of his career at A&O he was a senior external legal adviser to the International Swaps and Derivatives Association (ISDA). He chaired ISDA’s Financial Law Reform Committee from 1999 to 2018. From 2005 to 2013 he was a member of the Financial Markets Law Committee and was an active member of a number of its working groups, some of which he chaired. He was appointed a Recorder (Crown Court) in 2009 and was authorised to sit as a Deputy High Court Judge in the Chancery Division in 2013. Before his full-time judicial appointment, he sat part-time as a judge in the Crown Court (crime) and in the Chancery Division of the High Court (civil). He was also a Visiting Professor at the Centre for Commercial Law Studies at Queen Mary University of London and a Visiting Lecturer at Université Panthéon-Assas (Paris 2). He is a graduate of Trinity College Dublin, where he studied Philosophy, and a graduate of Harvard Law School. He was knighted by the Queen in June 2019.

Gen Nakajima is a Director of Strategic Planning for Clearing IT Innovation at Japan Securities Clearing Corporation (JSCC).

He began his career at the Industrial Bank of Japan in 1998, where he was in charge of fixed income product control, including managing a Real-Time Gross Settlement project at Mizuho Securities, following an intra-group transfer.

From 2002 to 2012, he served as a risk manager for derivatives, including commodities and structured notes, at First Chicago Tokio Marine Financial Products and Tokio Marine Financial Solutions.

Since 2013, he has been working for JSCC. Prior to his current role, he was a Chief Manager and Head of the Risk Management Department, for more than 10 years.

Andrew Ng is Group Head of Global Financial Markets, where he oversees Fixed Income, Currencies, Commodities and Equity, Investment Banking, DBS Vickers and DBS Digital Exchange. He is also a member of the DBS Group Executive Committee, the Chairman and Director of DBS Bank Taiwan, and Director of DBS Securities (Japan) Company Limited.

Andrew’s experience in financial markets spans over 35 years, comprising senior positions in Asia and Western markets. He joined DBS in 2000 and was named Managing Director and Regional Head of Trading in 2005. Since 2006, he has been instrumental in leading DBS Treasury Market’s expansion in the region. In addition, he helped build a pan-Asia trading platform on different asset classes and established a region-wide local currencies derivative capability for the bank. He also expanded DBS’ capabilities in generic and exotic derivatives.
Andrew served as Director of DBS Bank (China) Ltd from 2012 to 2022, Director of DBS Vickers Securities (Thailand) Co., Ltd from 2014 to 2019, and Director of DBS Vickers Securities Holdings Pte Ltd from 2008 to 2017.

Prior to joining DBS, Andrew was Executive Director at Canadian Imperial Bank of Commerce (CIBC) from 1995 to 1999, where he set up CIBC’s trading platform and derivative capabilities on Asian currencies. He was previously North Asia Head of Trading at Chase Manhattan Bank N.A. and Treasurer of Chase Manhattan Bank Taipei.

Andrew is currently the Honorary Advisor of the Financial Markets Association of Singapore, the Deputy Co-chair of the Singapore Foreign Exchange Market Committee, and representative of the Associations of Banks in Singapore Standing Committee on Financial Markets. In addition, Andrew serves on the Board of Directors of the International Swaps and Derivatives Association and is currently Vice Chair, Board Member and Director of Asia Securities Industry & Financial Markets Association (“ASIFMA”).

Andrew was previously Chairman of ASIFMA from 2016 to 2018, and Director of HwangDBS Investment Bank Bhd and Hwang-DBS (Malaysia) Bhd from 2008 to 2014.

Laura Noonan is a senior reporter with Bloomberg News, covering global finance. She has previously reported for the Financial Times, covering financial regulation, US banking and global investment banking and Reuters, covering the eurozone financial crisis. She began her career in Ireland, at the Sunday Business Post and then the Irish Independent. She holds a BA in Journalism from Dublin City University and has passed all three levels of the Chartered Financial Analyst exams.

Nnamdi Okaeme is Head of SIMM within the Infrastructure, Data and Non-cleared Margin Group at the International Swaps and Derivatives Association (ISDA), where he leads the team responsible for the further enhancement, testing, calibration and validation of SIMM to ensure that SIMM remains compliant with the regulations and suitable for the market needs.

Prior to joining ISDA, Nnamdi worked as a Senior Manager in the Risk consulting practice of PwC. During this period, he worked within the derivatives’ valuation space and also focused on the regulations that impact these derivatives. Nnamdi also obtained a Distinction in the Certificate in Quantitative Finance (CQF) course during this period.

Before joining PwC, Nnamdi worked as Senior Control Systems Engineer where he specialised in the design and development of high power transmission systems and their associated control systems. His work in this field led to him filing a number of strategic patent applications and a number of these have now been granted as patents.

Nnamdi completed his PhD at the University of Nottingham having graduated with a First Class MEng degree in Electrical and Electronic Engineering with Management Studies.

Finn O’Muircheartaigh is Director of Policy and Chief of Staff at BeZero Carbon, supporting the CEO in driving strategic priorities across the business. He is also a Guest Lecturer on climate change policy at City University of London. Finn has over a decade of experience in climate and economic roles in government. He previously worked as Head of the Prime Minister Economy Team and an advisor to the UK Climate Change Minister.

Niccolo Pagani is Director of EU Regulatory Engagement and Advocacy as well as Representative to Brussels of Standard Chartered Bank. In his role, he was responsible for opening the Representative Office of Standard Chartered to the EU in Brussels. Prior to this role, he worked in Regulatory Strategy sitting on the trading floor of Credit Agricole CIB where he worked on financial markets regulatory reforms following the Global Financial Crisis. Prior to that, he worked at Societe Generale and Axa. Niccolo is also Adjunct Professor at Sciences Po Paris where he teaches a class for Master’s students on EU Strategic Regulation and Interest Representation. He is Treasurer of the EU-Asia Financial Services Roundtable. He holds a Master’s degree in Political Economy from the London School of Economics and a Master’s in European Affairs from Sciences Po Paris.

Charles (Charlie) Palmer heads Entity and Credit Derivative Product Management for reference data within the Data, Valuations and Risk business at S&P Global Market Intelligence.

Charlie has over 20 years of experience in Fixed Income Derivatives. He previously spent 12 years at Barclays Bank, where he managed large global teams and served as the European Head of Credit Operations. In this role, he was responsible for Credit Derivative Trade Capture, Balance Sheet Optimization, Credit Event Management, and Credit Derivative Documentation. Charles led the European efforts for the Regulatory Change Programme, including the implementation of Dodd-Frank and EMIR, as well as reporting requirements and mandatory clearing for both D2D and D2C transactions. He has actively participated in various ISDA-led functions, such as the DC-GC Rule changes, the Credit Derivative SRO Task Force, and the ISO SG2 working group focusing on the UPI initiative. Additionally, he continues to engage with the ISDA CIG and ISDA CSC.

Namrata Praveen is Senior Vice President and Legal Counsel at Citigroup, responsible for coverage of emerging markets derivatives in EMEA. Namrata started her career at Linklaters, working in the London and Tokyo offices and covering a wide range of asset classes. She also covered EMEA emerging markets and credit derivatives at JPMorgan before joining Citigroup in 2025.

Frederick O. Quenzer is Senior Counsel, Americas, at the International Swaps and Derivatives Association, Inc. (ISDA) where he works on documentation and legal projects in the credit derivatives area. In addition to his work on documentation, he also covers ISDA’s Credit Derivatives Determinations Committees, North American and Caribbean legal opinions, US tax-related matters and regulatory and policy matters in the United States and Canada. Frederick is also a regular speaker at ISDA conferences on uncleared margin regulations and ISDA’s Working Group on Margin Requirements (WGMR) initiatives. Before joining ISDA, he was an associate at Ropes & Gray in New York, where he worked in the investment management group.

Frederick holds a BS from Cornell University, a JD from Fordham University School of Law and is a member of the New York Bar.

Emmanuel Ramambason was born in Paris and educated in France, and started his career at Paribas in 1991 and BNP Paribas in 2000.

Emmanuel traded equity derivatives in Europe and Asia until 2003, running the Japan Equity Derivatives trading desk from 1997 to 2003, in addition to the Asia Equity Derivatives trading desk in 2002 to 2003. Following this and based in Tokyo, he ran the BNP Paribas Asia Credit trading business until 2006.

Emmanuel returned to London in 2006 to run the XVA team at BNPP until 2015. He also represented BNP Paribas at the ISDA Board from June 2014 to December 2015.

In 2016, Emmanuel joined Standard Chartered Bank in London where he is the Financial Markets Global Head of Resources Management and Analytics (RMA). Prior to that he was Financial Markets Global Head for Portfolio Risk Management and also previously he was the Global head of XVA.
Since November 2018, Emmanuel represents Standard Chartered Bank at the GFMA Board.

Emmanuel holds a Master of Engineering from l’Ecole des Ponts et Chaussees, Paris.

As UPP’s Managing Director, Associate General Counsel, Tariq leads a team of senior legal counsel across investments, technology, and commercial law specialties. He partners closely with UPP’s Investment and Investment Finance teams on a range of initiatives including the development of investment platforms, derivatives, investment management agreements, private capital fund investments, and direct co-investments, as well as providing leadership on strategy execution across UPP.

Tariq joined UPP from Ontario Teachers’ Pension Plan Board (OTPP), where he served as Director and Senior Managing Counsel, Investments, with a principal focus on M&A, corporate finance, and derivatives. Prior to OTPP, Tariq was an associate at Stikeman Elliott LLP in the corporate group.

Tariq holds a Juris Doctor (JD) from Osgoode Hall Law School and an Honours Bachelor of Business Administration (BBA) from Wilfrid Laurier University.

Donald Ricketts is Chairman in FleishmanHillard’s EU office advising on European policy, competition, and reputation strategy for clients. He has supported the world’s largest global institutions and market infrastructures as well as advising innovative new entrants. He joined FleishmanHillard in 2000 having served in the business advisory and assurance practice of one of the world’s leading professional services organisations and in the corporate finance department of a global banking group. Separate from these roles Donald previously worked with the European Commission’s Directorate General for External Political Relations, in a team of officials with responsibility for external “Security Issues”. He holds a Bachelor of Arts degree with honors in Politics, Philosophy and Economics from Oxford University and qualified as a Chartered Accountant.

Almorò Rubin de Cervin graduated in economics from the Bocconi University in Milan.

Before joining the European Commission, he gained some experience as a journalist and politician in Italy. He has also worked as government official in Italy and at the OECD in Paris. He joined the European Commission in 2000.

He has worked in DG Enterprise on industrial policies and SMEs and in DG Competition, in particular in the area of State aid control.

Since 2010 he has been working on financial services policies.

For a number of years he has been working on policy coordination, on international issues and on macro prudential policies. Since 2021, he is Head of Unit for Bank regulation and supervision in DG FISMA.

Stephanie Rubizhevsky heads the En:ACT platform overseeing both Product Development and Customer Success. She has nearly 20 years of experience working at major banks and technology firms within both transaction reporting and derivatives regulation.

Stephanie has worked with many firms to ensure they successfully meet their global reporting obligations spanning the entire process, from process design to technological solution implementation. Her approach enables firms to demonstrate compliance with their specific obligations in the most cost-effective manner.

Stephanie previously held senior roles at Morgan Stanley, HSBC, Droit and Quorsus. She is a key part of many industry initiatives and industry working groups.

Nick Sawyer is ISDA’s Global Head of Communications & Strategy, responsible for communications, strategy and events.

Prior to joining ISDA in January 2014, Nick was Editor-in-Chief of Risk.net/Risk magazine and Editorial Director of the Risk Management and Alternative Investments Division at Incisive Media, having previously been Editor of Risk magazine since 2005. Before that, Nick was Editor of Asia Risk in Hong Kong, covering derivatives, risk management, technology and investment management in Asia-Pacific. He started his career as a bond analyst in 1995, before moving into financial journalism, initially focusing on retail banking.

Cairistiona Simmonds is a Director and Assistant General Counsel in the Global Markets Legal Team at Bank of America, primarily covering FX, Rates and Credit. She is part of this year’s ISDA Future Leaders in Derivatives cohort, which has been looking at the challenges to collateral efficiency and liquidity resilience in the global derivatives market. She has extensive experience in a range of regulatory and strategic issues affecting the derivatives market, and regularly engages with a number of industry working groups. She has also been exploring innovative technology solutions to address challenges to the market. Prior to joining Bank of America in 2022, Cairistiona worked at Allen & Overy in the Derivatives and Structured Finance Practice and the Markets Innovation Group in London, New York and Hong Kong.

Ferdisha Snagg is a Partner in Cleary Gottlieb’s London office. Her practice focuses on financial services law and regulation. She has a wide range of non-contentious experience advising banks, investment banks, asset managers, and market infrastructures. She regularly advises on a variety of financial services and regulatory issues including financial markets regulation, financial collateral and financial market infrastructure regulation, and banking regulation. Ferdisha has written and presented extensively on legal and regulatory issues surrounding distributed ledger technology and cryptoassets. Prior to joining Cleary, Ferdisha spent time on secondment at three global investment banks and a central bank.

Ting is Managing Director and Head, Corporate Services Group at GenZero. She holds the role of General Counsel concurrently, where she provides leadership on legal support for climate investments, compliance and corporate governance matters.

Before GenZero, she was at Shell for around 13 years, where she was the lead lawyer for significant investments, assets and projects in the energy value chain which spans across the upstream, LNG, gas, downstream and decarbonisation space.

Ting started off in private practice, focusing on project finance and M&A work. She has broad in-house experience across industries such as IT, F&B, printing and hospitality.

Ting graduated from the National University of Singapore with a Bachelor of Laws and has been admitted to practice law in Singapore.

Emiliano Tornese is Head of the Macroprudential Policy Unit in the European Commission’s DG for Financial Stability, Financial Services and Capital Markets Union (DG FISMA). He is Visiting Professor at the College of Europe (Bruges) and Part-time Professor at the Florence School of Banking and Finance (European University Institute). Previously, he was Financial and Economic Advisor in the Cabinet of the Italian Prime Minister (Sherpa Office) during the Italian G20 and G7 Presidencies, and Deputy Head of the Financial Markets Infrastructure Unit. As Deputy Head of the Resolution and Crisis Management Unit, he was responsible for the negotiations on the creation of the Banking Union, and the establishment of the Single Resolution Board (SRB). He also worked for the European Commission’s Securities Markets Unit and, during his tenure, was responsible for the establishment of the European Securities and Markets Authority (ESMA) and for matters related to its Corporate Finance Standing Committee. As Secretary of the European Securities Committee, he coordinated the European Union’s Ministries of Finance in their regulatory capacity for financial services. He drafted and negotiated the review of the primary and secondary markets regulation and the regulation of benchmarks. And he advised the European Financial Stability Facility (EFSF) on the primary markets regulation.

Jan Mark van Mill is Managing Director of Multi Asset at APG Asset Management and is also a member of APG’s investment committee and credit committee. He was appointed to his current role in April 2023, having previously served as Head of Treasury and Trading at APG Asset Management. He joined the organization in 2000 as a trainee and has held various roles within the portfolio management team.

Axel van Nederveen is Managing Director, Treasurer of the European Bank for Reconstruction and Development (EBRD). He has overall responsibility for asset management of the treasury, liquidity management and funding operations of the Bank, as well as the overall market risks associated with the Bank’s lending operations. Mr. van Nederveen joined the EBRD in May 1995 and fulfilled several roles within Treasury before becoming Treasurer in April 2004. Previously he held positions in government bond sales and trading at ABN AMRO in Amsterdam and Paribas in London.

Axel van Nederveen holds a Master’s degree in business administration from the University of Groningen, the Netherlands.

Jacques Vigner is Chief Strategic Oversight Officer for Global Markets, at BNP Paribas, and a member of the Global Markets executive board. In this role, he is responsible for risk supervision within Global Markets, approving exceptional transactions and new activities, and contributes to Global Markets’ transformation and strategic projects including management of financial resources, strategy and development, regulatory watch and projects, and conduct and permanent control. Jacques joined BNP Paribas in 1998, and has held a number of senior roles during his time at the firm, including Global Head of Structuring, Global Chief Operating Officer and Head of Strategy & Risk for Global Equity & Commodity Derivatives, and most recently Head of Strategy, Conduct, Risk and Financial Resources for Global Markets and CIB.

Jacques graduated from École Polytechnique and École des Mines de Paris.

Diederik Visser is the Head of Swaps Trading at ABN AMRO, with over a decade of experience in financial markets. Starting in market risk management, he advanced through multiple trading roles, including STIR and long end swaps trading, developing deep expertise in derivatives and risk strategies. Diederik holds a Master’s degree in Finance from Vrije Universiteit Amsterdam, providing a robust foundation in quantitative finance and market dynamics.

Tyler Wellensiek is a Managing Director at Barclays, where she is Head of Fixed Income Market Structure in the firm’s Global Markets division. She is responsible for driving client & internal engagement around critical changes in how the fixed income marketplace operates. In her role, she provides content, business preparedness, and advocacy on major market structure topics including regulation and technology innovation. She also represents Barclays across various industry bodies and working groups, including the ISDA board, the GFMA board and the FMSB Standards board. Prior to her current role Tyler held various leadership positions in the global rates sales business at Barclays, including Electronic Sales & Product Development and Head of US Official & Financial Institutions Sales. Tyler joined Barclays in 2005 from Credit Suisse and has BA in Physics from Wellesley College.

Dr. Peter Werner is a Senior Counsel based at ISDA’s office in London. Peter is responsible for addressing matters of global and regional law reform (contract, insolvency and resolution, collateral, conflict of law rules, dispute resolution). He is also ISDA’s representative on law reform matters to various international organizations (e.g., UNIDROIT, UNCITRAL, Hague Conference on Private International Law). Peter is also responsible for ISDA’s documentation projects in energy and commodities as well as developing products (including Islamic finance). Furthermore, he is responsible for legal and regulatory issues in emerging markets in Central and Eastern Europe, Africa and the Middle East as well as Latin America.

Before joining ISDA in early 2001, Peter worked with the United Nations and, most recently, as a solicitor/barrister based in Frankfurt. Peter is qualified in Germany and holds a Ph.D. in international law. Peter served as Vice-chair of the Private International Law Committee of the ABA Section of International Law and is currently Co-chair of the ABA Task Force on Financial Engineering for Economic Development (FEED). He is also a Finance Expert on the Panel of Recognized International Markets Experts in Finance (PRIME Finance) and a member of the editorial board for the Capital Markets Law Journal (Oxford University Press).

Sanne Wijnholts is globally responsible to coordinate the analysis of the potential impact of all financial regulation on ING Financial Markets within the first line. The role includes horizon scanning, advocacy, and preparation for implementation. Sanne has worked for over 15 years in financial markets, gaining in-depth knowledge of the functioning of financial markets and its regulatory environment in the Netherlands and the USA. She held various roles in the front office, business management and first line regulatory teams. Additionally, she gained a better understanding of the buy side as a director Risk and Compliance at a Dutch investment firm. She joined ING Bank N.V. 3 years ago and is based in Amsterdam.

Sanne earned a Bachelor of Business Administration in International Business at the Hanze Hogeschool in Groningen, the Netherlands and a Master of Arts in Euroculture at the Universidad de Deusto in San Sebastian, Spain.

Head of Legal, Risk, Compliance and Government and Regulatory Affairs at OSTTRA, Kirston is responsible for ensuring compliance with our regulatory and market strategy. 

Appointed at the inception of MarkitServ in 2009, Kirston has held various roles; most recently, Managing Director, Head of Risk, Regulatory and Market Strategy, previously as Managing Director, co-Head of Product Management and was also responsible for its global cross-asset, real-time public and regulatory transaction reporting service, as well as leading product management for IHS Markit’s MiFID II services. Prior to this, Kirston was Director of Business Development at DTCC, and earlier in his career he also held various roles in OTC derivatives at Barclays Capital. Kirston holds a BSc in Economics from the University of Manchester.

Janet Wood is a Managing Director and Associate General Counsel within the Legal department at Bank of America. Based in London, Janet supports the Rates, Foreign Exchange, Repo, Futures and OTC Clearing businesses in Bank of America's Europe, Middle East and Africa (EMEA) region. This support includes managing any issue impacting the derivatives markets, including major counterparty defaults, Brexit and the implementation of regulatory changes such as the European Market Infrastructure Regulation (EMIR), Markets in Financial Instruments Directive II (MiFID II), Bank Recovery and Resolution Directive (BRRD), benchmark reform and sanctions.

Antony Baldwin is Group Director, Global Head of Collateral and Liquidity Management, LCH Group within LSEG Markets Division, where he is responsible for the strategic direction and growth of the company’s collateral and liquidity management.

Tony has over 30 years’ experience in financial markets and strategic business change management. Before joining LCH in 2017, Tony had spent 22 years at Daiwa Capital Markets Europe, where he was latterly Managing Director, Head of EMEA Fixed Income Division, with ExCo responsibilities for the firm’s EMEA FICC sales and trading operations. He also held an advisory position with HQLAx.

Since 2008, Tony has served on multiple industry committees, including the Bank of England’s Securities Lending and Repo Committee (SLRC), ICMA’s European Repo and Collateral Council (ERCC), and LCH Ltd’s Senior Risk Committee. He currently serves on ICMA’s Market Infrastructure Advisory Group, Secondary Markets Practices Group and CSDR Working Group. He is also involved with the Bank of England’s Money Market Committee and UK Money Markets Code Sub-Committee.

Tony holds a MSc (Econs) with distinction in Accounting and Finance from The London School of Economics and Political Science.

Matthew Bennett is the EMEA Head of Margin Services, based in London and responsible for the Product Management team. His role includes strategy setting, working closely with Sales and Product Development to deliver client solutions and evolve J.P. Morgan’s Agency Collateral Management Product, Margin Services. Matt has been with J.P. Morgan since 2008, working in a number of roles across the Trading Services business. Over 25 years financial services experience, prior to this Matt worked for the London Stock Exchange and Barclays Bank.

Amy Caruso is the Head of Collateral Initiatives at ISDA where she is responsible for developing and delivering a transformational strategy for collateral management, including facilitating innovation and compliance while driving standardization and efficiency.

Previously, she served as the Chief Commercial Officer of DTCC-Euroclear GlobalCollateral. Amy managed the derivatives reform initiative at Barings, including preparing the company and its parent MassMutual for OTC clearing readiness, ISDA protocols and representations, SEF implementation, and regulatory reporting in multiple jurisdictions.

Amy was a MassMutual’s Executive Development Program participant, fulfilling various marketing and sales support, product and project management, and compliance roles before transitioning to Barings.

She has held numerous industry roles, including co-chairing SIFMA’s Asset Managers Group’s (AMG) Derivatives Operations Committee, and she was a member of the SIFMA AMG Executive Steering Committee, the Investment Company Institute’s Securities Operations Advisory Committee, ISITC-SIFMA AMG’s ETD and OTC Cleared T+1 Working Group, and ISITC’s Margin and Collateral Working Group.

Amy earned a Bachelor of Arts in Professional Writing and Public Relations from Barry University in Miami Shores, Florida and a Masters of Business Administration with a focus on Marketing from the University of Massachusetts – Amherst.

Andrea Cavone is a senior lawyer at Crédit Agricole CIB with 15 years of international experience across London, Milan, and Hong Kong. He specializes in structured products and derivatives, with deep expertise in legal structuring, regulatory issues, and innovative capital markets solutions—including synthetic securitisations, Islamic finance, and sustainable finance. Andrea is dual-qualified in Italy and England & Wales, fluent in English, Italian and French. Prior to CACIB, he trained and worked at Linklaters, gaining exposure to high-profile capital markets and derivatives transactions.

Antonio Corbi joined ISDA’s Risk and Capital (London) team in May 2008 and is responsible for ISDA’s international activities on accounting and European tax. He is also ISDA’s representative at the EFRAG’ FIWG (Brussels) and EU’s tax projects such as the Savings Directive an AEFI projects.  

Antonio joined ISDA from Fitch Ratings (London) where he was responsible for rating a wide range of Asset Backed Securities in the European Structured Finance team.  

Previously, he had different responsibilities in financial institutions managing international projects in more than twenty-five countries in a mixture of private and public sector work in capital markets and regulated banks, including the World Bank (Washington DC) publishing a Working Paper for the Economic Policy and Prospects Group, and the European Commission (Brussels) as consultant. Prior to that, he worked for the EBRD (London) in the Financial Institutions Department.   

Antonio is a qualified chartered accountant fellow of the ACCA and a member of the Chartered Institute for Securities and Investment in London. He has B.Sc. (Econ) from the University of Valencia (Spain) and M.Sc. (Econ) from the University College Cardiff (UK).

Adrian Dale joined ISLA in January 2019 as Head of Regulation, Digital & Market Practice group. In this role, he manages the associations work on regulation, technology, and market practices of the EMEA Securities Lending markets.

Adrian has over 30 years of experience in financial services including diverse roles in product development, business analysis, IT development, trading, and operations at BNP Paribas, Barclays and BNY Mellon. Prior to joining ISLA Adrian was head of product development for SFTR at IHS Market.

Nataliya Dardan is the Managing Director and Head of Global Markets Regulatory Documentation at TD Securities. She leads a dynamic team of lawyers and business professionals across Canada, the USA, and the UK. As a trained lawyer with extensive experience managing regulatory and trading documentation negotiations with global clients, Nataliya has implemented various G20 regulatory initiatives impacting OTC derivatives at TD Securities. Her leadership focuses on aligning business objectives with regulatory frameworks, building strong teams, and enhancing regulatory documentation through the integration of technology. Nataliya is known for her innovative approaches that drive best-in-class client experiences, including streamlining Global Markets processes to improve time to market, enhance efficiency and accuracy.

Fabio Fabiani is a Partner at EY with 20 years of experience on complex IFRS accounting matters, including practical implementation issues, remediation and transaction-related accounting advice. He currently leads the EY IFRS Desk for financial services in the UK and has worked across UK, the Netherlands, Italy, Portugal and Greece. Based in London, he divides his time between audit engagements, accounting advisory projects and IFRS technical reviews for large international banks and financial institutions.

Ilene K. Froom is a Partner in the Investment Management Group at Faegre Drinker Biddle & Reath LLP. Ilene advises buy-side and sell-side clients, including banks, hedge funds, mutual funds and corporations, on derivatives matters, including transactional structures, documentation and regulatory issues. She has extensive experience with ISDA-based documentation and advises clients on other trading documentation, including, prime brokerage agreements, lock-up agreements, dynamic margin methodology rules, MSFTAs, MRAs and GMRAs. Prior to joining Faegre Drinker, Ilene was a partner at other leading law firms and was an assistant general counsel at J.P. Morgan Chase Bank, N.A.

Ilene is the chairperson of the Derivatives & Structured Products Law Committee of the New York State Bar Association, is a member of the New York City Bar Association’s Committee on Futures and Derivatives (where she co-chairs a sub-committee), is a member and former board member of Women in Financial Markets. She has been recognized by Chambers Global Capital Markets: Derivatives, Chambers USA Capital Markets: Derivatives and The Legal 500 United States.

Ilene is a frequent speaker on derivatives topics and has presented at conferences for ISDA, the Practising Law Institute (PLI) and the New York City Bar. She has also guest lectured about derivatives at Georgetown Law School, George Washington University Law School and New York Law School. Ilene received her B.A. degree from Brandeis University and her J.D. from New York University Law School.

Brittany Garland is the head of Regulatory & Compliance Solutions at S&P Global Market Intelligence. She oversees a portfolio of Client Lifecycle, Regulatory Change, Document Digitization, and Reference Data products and is responsible for driving automation and efficiency for clients to meet client lifecycle, regulatory change, document digitization, and reference data needs through Counterparty Manager, S&P Global's platform for managing regulatory data and share entity information. She has a broad range of expertise across KYC, credit risk, regulatory compliance, client reference data, and workflow management.

She previously held positions as Commercial head of client lifecycle solutions and head of client engagement for Counterparty Manager.

Zach Goodman is a Partner in the Financial Services practice of Ernst & Young LLP. He advises clients on accounting and financial reporting matters related to financial instruments including derivatives and hedging, debt and equity and netting. Zach serves as a subject matter advisor for ISDA’s North American Accounting Committee related to derivatives and hedging and financial institution practice issues including emerging issues like ESG and LIBOR cessation. Prior to joining EY, Zach was a member of the technical staff at the Governmental Accounting Standards Board, the standard setting body for GAAP for U.S. state and local governmental entities.

With over 15 years of experience, Kyle Gray was previously Director of Institutional Fixed Income and Derivatives Sales at CIBC, and Senior Portfolio Manager at the Bank of Canada where he managed Canada’s foreign reserves portfolio and conducted research on financial markets.

David Guthrie is Head of Legal and a Managing Director at ICBC Standard Bank Plc in London. ICBC Standard Bank Plc is a financial markets and commodities bank, with a focus on emerging markets. David has over 20 years of experience advising on global markets trading floor related legal issues, including many close-outs and terminations across multiple assets classes, including OTC derivatives.

With over 15 years’ industry experience, Tim Hartley is a specialist in EMIR regulatory reporting and has a deep understanding of the full trade and position reporting lifecycle, from pre-sale, through to daily reporting and post-trade reporting review.

Tim has assisted and advised a broad range of firms, including hedge funds, asset managers, brokers and non-financial firms to enable them to meet reporting and regulatory requirements, implement fit for purpose and best practice approaches, as well as avoid regulatory scrutiny and enforcement action.

Prior to Kaizen, Tim was an EMIR and SFTR Reporting specialist for Kroll, where he led the firm’s expert reporting review consultations, authored and delivered EMIR and SFTR training modules on behalf of a leading Trade Repository, and was a regular panelist on EMIR Reporting webinars and conferences. Tim spent five years leading and developing the CME Trade Repository as Global Head of Client Services, after having focused on derivative onboarding for JPMorgan Chase.

Mark Higgins is a senior Product Manager based in London with BNY Mellon Markets. Mark has extensive collateral management experience having previously held a product management position at Lombard Risk Systems. Prior to this, Mark represented UBS across all areas of OTC Collateral Management, including derivatives, repo and securities lending.

Mark joined the company in 2008 and is part of a team leading the promotion of Liquidity and Margin solutions available at BNY Mellon.

Mark graduated from The University of Central England in Birmingham (UK) with an Honours Degree in Business Management.

Marc Hétroy has been working for AMUNDI (the European leader in asset management) since 2008 as a legal counsel. He is in charge of a team called Derivatives & EPTM (Efficient Portfolio Management Technics) dedicated to cover the financial transactions entered into by AMUNDI on behalf of its client.

Leo Labeis is the Founder & Chief Executive Officer of REGnosys. With 15 years’ experience in delivering innovative solutions to securities trading businesses, Leo’s core expertise is in the transformational impact of technology and regulation across the financial sector.

REGnosys is a collaborative low-code platform for regulatory reporting. It allows regulated financial institutions to slash their risk and cost of reporting by working together. REGnosys’ award-winning core software platform, Rosetta, is trusted by global financial institutions, standard-setting bodies and regulators who are collaborating to deliver on the industry’s Digital Regulatory Reporting transformation.

Prior to founding REGnosys in 2016, Leo was the Global Markets head of MiFID II implementation at Goldman Sachs. Leo joined Goldman Sachs in 2003 as a Trading Strat for Fixed-Income, Currencies and Commodities and was named Managing Director in 2010.

Leo graduated from Ecole Polytechnique in 2001 and holds two MSc. from Ponts & Chaussées and UPMC Paris VI with majors in Applied Mathematics and Electrical Engineering.

Hee Lee is a Partner in EY FSO Financial Accounting Advisory Services practice and serves as an advisory partner for various global institutions. Mr. Lee devotes substantially all his time to advising on accounting and reporting for complex financial instruments and structured transactions including derivatives and hedging activities, repos, security lending and securitization and share buyback programs. He also acts as the global accounting and financial reporting advisor to the International Swaps and Derivatives Association (ISDA) Accounting Committee.

Andrew Leonard is Barclays multi-entity SME lead for FCA Regulatory Reporting across Transaction Reporting (RTS 22/23), EMIR, PTT (RTS 1 & 2) and SFTR and additional regulatory areas, working closely with the Americas and APAC regions to ensure consistency.

Providing Compliance Advisory support on regulatory and compliance matters to Global Investment Banking Operations and Front Line Business to ensure compliance with regulatory obligations and adherence to conduct, policies and standards.

Prior to joining Barclays, spent nearly 5 years at the FCA in Secondary Markets’ Markets Reporting Team (MRT) leading the oversight of Firms in their reporting to the FCA and worked closely with Policy, Supervision and Enforcement areas with the FCA. Additionally, brings significant investment banking experience having worked in sales trading and trading at buyside and sellside investment firms for over 15 years prior to the FCA.

Xiaobo Liu is a seasoned banking professional with 15 years of experience in quantitative model development, validation, and governance across pricing and risk analytics in financial markets. She currently leads the development of counterparty credit risk (CCR) models at Standard Chartered Bank, driving automation and front-office integration to enhance risk management, capital efficiency, and pricing capabilities for complex products. Her work has been instrumental in streamlining risk calculations, reducing costs, and improving decision-making for trading and risk teams.

Xiaobo has extensive experience in risk and capital modelling, including contributions to key regulatory initiatives such as FRTB and SIMM. Her deep knowledge of traded risk management, model governance, and regulatory compliance allows her to drive innovative solutions in risk and pricing analytics.

Before joining SCB, Xiaobo worked in Société Générale’s Commodity Model Validation team in Paris, focusing on pricing model validation for derivatives and structured products. She holds a Master of Science from École Polytechnique and Université Pierre et Marie Curie (Paris 6), renowned for their rigorous quantitative finance programs.

Tilman Lüder holds a doctorate in law from the University of Tübingen.

Before joining the European Commission in 1999, Tilman was as an associate in Cleary Gottlieb Steen and Hamilton LLP. He worked on European and German antitrust and merger control issues.

Tilman’s first job in the Commission was that of a case manager dealing with antitrust and state aid cases in the area of post and telecommunications in the Directorate General for Competition.

In 2002, Tilman became the spokesperson to Commissioner Mario Monti, responsible for Competition, a position he successfully held until being appointed, in 2005, Head of the Copyright Unit of Directorate General for the Internal Market (DG MARKT).

Tilman pursued his career to become Head of the Asset Management Unit (2011-2015) in DG MARKT, later the Directorate General for Financial Stability, Financial Services and the Capital Markets Union (DG FISMA).

As of September 2015, Tilman heads the Securities Markets Unit in DG FISMA.

Joseph Macdonald is Head of Key Stakeholder Relationship Management at OSTTRA, where he is responsible for bringing together the firm's largest clients to identify shared needs and inform the development of future products. With over 18 years of experience in the financial services industry, Joseph has a deep understanding of the challenges and opportunities facing buy-side firms, particularly in the evolving landscape of collateral optimization. Prior to his current role, Joseph led strategic investments at Deutsche Bank and served on numerous industry boards and forums, and has deep product knowledge of interest rates and credit derivatives, complemented by three years of experience running a collateral optimization desk.

This hands-on experience has provided Joseph with a first-hand appreciation of how transformation impacts the industry and the substantial benefits that can be achieved through incremental improvements in efficiency, simplicity, cost, and control. He is keenly aware of the importance of pre- and post-trade optimization in reducing margin demands, the necessity of cost-reduction strategies, effective resource allocation of high-quality liquid assets, and the role of workflow automation in improving collateral velocity.

Joseph is a strong advocate for a holistic approach to collateral management, emphasizing the integration of collateral decisions into trading and risk processes, and the importance of cross-disciplinary collaboration between trading, treasury, risk, and operations. He is eager to share his insights on driving cross-industry transformation and fostering greater collaboration between buy-side firms, sell-side institutions, and market infrastructure providers, with a focus on leveraging data, technology, and industry utilities to achieve optimal collateral efficiency and resilience, especially during times of market volatility.

Sophie Marnhier-Foy is Vice President and Head of Client Solutions Strategy of the Financial Technology division at Nasdaq. Sophie also serves as Chair of the Calypso Central Counterparty (CCP) Roundtable and Central Bank Forum.

Prior to this role, Sophie was Head of Product Management for the Calypso Risk, CCP and clearing solutions. Before joining Calypso, Sophie worked for Calyon (now Crédit Agricole CIB) in New York and Paris, focusing on risk management and front-office programs. Prior to Calyon, she was a bank auditor for PricewaterhouseCoopers (PWC) Paris.

Harry McAllister is a Director in the Global Markets IT group at BNP Paribas CIB, where he is responsible for data and messaging standards. Harry is principal architect of the FiML message protocol, an internal adaptation of FpML, and is closely engaged in regulatory reporting and data governance initiatives. Previously Harry worked on delivery of the IBML enterprise messaging standard for the Investment Bank Core Architecture group at JPMorgan.

Harry is the current Chair of the ISDA FpML Standards Committee, Co-chair of the ANNA DSB Product Committee and Convenor of the ISO 20022 Derivatives SubSEG. Harry represents BNP Paribas on ISDA Data & Reporting Working Groups, the ISDA CDM Architecture & Review Committee, ISDA Digital Regulatory Reporting (DRR) initiative, and the DTCC DerivSERV Technology Advisory Council.

Harry holds a B.Sc. in Computing Science from the University of Aberdeen.

Ciarán McGonagle is a seasoned lawyer specialising in digital assets and smart contracts with deep financial market expertise. As Tokenovate’s Chief Legal & Product Officer, he drives the legal-first product vision while serving as in-house counsel. He previously was Assistant General Counsel at ISDA and held roles at Deutsche Bank and Morgan Stanley. A graduate of Queen’s University Belfast, trained at Allen & Overy, Ciarán has taught property law and worked in Senator Chuck Hagel's office. He co-authored a seminal whitepaper on smart derivatives contracts and was named one of the UK’s Hot 100 lawyers in 2025.

Olivier Miart joined ISDA in October 2015 and currently Co-heads ISDA’s Digital Transformation team, leading digitisation initiatives and focusing on key industry needs across ISDA’s technology platforms and data standards to enable efficiency and cost reduction across the industry and contribute to a more standardised, automated and efficient derivatives market.

Before joining ISDA, Olivier worked at Commerzbank and RBS Global Markets in derivatives sales and structuring roles. Mr. Miart holds an MSc in Finance from Solvay Brussels School of Economics.

Mark New is Co-Head Digital Transformation & Senior Counsel, Americas, at the International Swaps and Derivatives Association, Inc. (ISDA) where he works primarily on derivatives documentation issues. He covers a broad range of documentation areas, with a particular focus on US regulatory implementation, non-cleared swap margin requirements and credit derivatives. In this role, he has worked on a large number of ISDA projects, including publication of several documents relating to regulatory margin implementation and the 2014 ISDA Credit Derivatives Definitions and related Protocol. He is a regular speaker at ISDA conferences on topics including margin requirements, credit derivatives, and the ISDA Master Agreement. Prior to joining ISDA, Mark worked as a credit derivatives structurer and practiced as a solicitor in London.

Mark graduated with first class honours in law at Oxford University and was a Fulbright Scholar at the University of California, Berkeley where he took an LLM degree. He is a member of the New York Bar and a solicitor of England and Wales.

Koen Ottenheijm is a senior Treasury & Trading Development Manager at APG Asset Management NV. In his role, he looks after the commercial contracts, market and regulatory developments that affect Treasury & Trading. He is responsible for negotiating bilateral and cleared derivatives documentation, just as he oversees the implementation of new initiatives and regulatory driven projects. During his career, he has specialized himself in the field of collateral, clearing and the treasury infrastructure.

Prior to this, Koen worked 5.5 years within Cash & Collateral Management at APG. Koen holds a master in Business Management from Plymouth University and is a Registered Treasurer (RT) with the Dutch Association of Corporate Treasurers.

Lavinia Ponniah is the EMIR Refit Product Lead within the Repository and Derivatives Services group at DTCC, focused on initiatives impacting the Global Trade Repository service.

Prior to DTCC, Lavinia held various derivatives and regulatory positions at Macquarie Bank and UBS. She has over 15 years industry experience and holds a Bachelor of Science in Mathematics from the University of New South Wales, Australia, and a Masters of Business in Finance from the University of Technology, Australia.

Martin joined AXA Investment Management as Head of Pension Investments in May 2020. Prior to this, he was Managing Director at Altis Investment Management. Martin has worked in the Dutch and European pension community since 1991. For 11 years, he was CIO at Univest Company (Unilever). His expertise ranges from LDI management and strategic and dynamic asset allocation to manager selection and monitoring in a variety of asset classes.

Rick Sandilands is Senior Counsel, Europe at ISDA and joined in November 2016. Over the past 20 years, Rick has worked in a legal and compliance capacity in a number of international financial institutions, including as part of the administration of Lehman Brothers International (Europe).

Rallie Shiderova is Client Director at DRS where she is responsible for managing existing client relationships as well as developing new client relationships and partnerships. Rallie is an avid promoter of the digitisation of documentation through DRS’ own AI led repository and risk analysis tool, Ark-51, which is also compatible with CDM, and other digital tools currently available on the market which goal is to bring efficiency and transparency in the documentation lifecycle whilst reducing time, cost, risk and resource. She is part of DRS’ coaching, mentorship and future leaders’ programmes, a values ambassador, DRS cultural representative and an Emergency First Aider at work.

Previously, Rallie has worked as Senior Negotiator and Manager of large documentation teams at banks, asset managers and other financial firms. She has experience with ISDAs, CSAs, IM, GMRAs, GMSLAs and a wide range of commercial contracts across different jurisdictions. She has successfully led numerous projects such as Brexit, IBOR, IM, as well as regulatory, netting, repapering, protocol adoption, system implementation and business transition projects.

Rallie has a BA (Hons) 1st class degree in Law and Psychology from the University of Liverpool, an LLM degree in International Business Law from Queen Mary, University of London, a GDL from BPP Law school and has qualified as a lawyer through CILEX.

David Shone joined ISDA Q3 2023 focusing on the Common Domain Model (CDM). Becoming Senior Director, Data & Digital Solutions in Jan 2025, David is responsible for looking at the strategic direction and technology roadmap for the CDM, DRR and FpML in coming years. David's team works with members and other associations to implement and encourage adoption of technical standards in the industry.

Prior to joining ISDA, David was Director of Digital Affairs at ISLA, a role encompassing securities lending extensions to the CDM, document digitisation efforts and thought leadership on the impact of digital assets on the securities lending industry. Over the course of 17 years in the industry, David has also held operational and technology change roles at State Street, Barclays and UBS.

Heather Smith is Senior Counsel, Commercial Product Development at ISDA and leads the ISDA Create initiative.  Prior to joining ISDA, Heather was a Senior Derivatives Attorney at Linklaters LLP where she covered a wide range of trading agreements and related documentation including ISDA Master Agreements, and she was a key member of the legal team handling the digitization of legal documentation onto the Create IQ and ISDA Create contract automation platforms. Prior to working at Linklaters, Heather was Managing Director and Senior Counsel, Head of Derivatives Documentation and Regulatory Implementation – Americas at BNPP and an active participant in ISDA’s legal technology working groups.

Lionel Smith-Gordon is Head of Client Services at REGnosys where he helps clients deliver collateral and regulatory reporting solutions using the CDM and DRR.  With nearly four decades of experience in technology in financial services across four continents, he played a pivotal role last year to drive the extension of the CDM to additional products and the delivery of the new asset model in CDM6.

Prior to this role, Lionel was a senior software engineering director in derivatives at JPMorgan and had previously worked on major programmes across retail and investment banking, and asset management, spanning applications development, technology infrastructure, and operations.  Previously he had worked with a large sovereign wealth fund and at IBM.

Lionel is also Chief Operating Officer at Pebbles.Ai, digital transformation lead at Step One Finance, and a non-executive director at JN Bank UK.  He holds a BSc in Computer Science from Kings College London.

Robert Stalford has over 20 years’ experience on transactional and regulatory matters in the areas of derivatives, international capital markets, and structured finance. Robert started his career at Linklaters LLP where he spent 13 years, working in its London, Paris and New York offices. Prior to joining ING, Robert was lead legal counsel for LCH. Clearnet SA’s successful DCO status application with the CFTC in Washington DC.

Robert contributed to the ISDA IQ publication in December 2024 in relation to ISDA’s Notices Hub initiative. He was also a panel member at ISDA’s conference on Managing the Legal & Operational Risks of a Close-Out, hosted by Jones Day in Paris, May 2024.

Amanda Streeter serves as the Assistant Vice President and Manager of the Derivatives Compliance team at AB, where she oversees the global onboarding of derivatives users. In her role, Amanda is responsible for negotiating trading documentation and ensuring the implementation of all regulatory changes related to derivatives. Prior to this position, she managed Collateral Management Operations at AB. Before joining AB, Amanda gained valuable experience at Morgan Stanley in the Prime Brokerage department as a member of the margin team. She holds a BA in Mathematics and Economics from the University of Maryland, Baltimore County. Amanda is based in Nashville.

Karen Stretch focuses her practice on advisory and transactional derivatives, related regulatory compliance and certain fund finance and capital markets transactions. Karen’s derivatives work spans clients worldwide on a range of discrete and transactional derivatives and related regulatory matters, trading documents and non-traditional investment and financing techniques, including repos, TRS, dynamic portfolio swaps, stock loans and other structured derivatives. Ms. Stretch’s regulatory practice includes EMIR, SFTR, the Short Selling Regulation and the Benchmarks Regulation. Karen was an integral part of the Dechert LIBOR taskforce having focused on the area since 2017.

Prior to joining Dechert in 2018 Karen worked at another international U.S. law firm and also spent two years at an investment bank in a senior trading and derivatives role.

Fiona Thomson is the Global Head of Accounting Policy at Goldman Sachs, with responsibility for the application of both US GAAP and IFRS across Goldman Sachs’ businesses. She has worked in accounting policy roles for over 15 years, having previously worked in technical accounting advisory for KPMG. Fiona is the chairperson of the ISDA European Accounting Working Group.

Jasper is a senior portfolio manager LDI at Achmea Investment Management since 2021, where he is responsible for managing LDI portfolios for pension fund and insurance clients. Next to this, he focuses on derivatives, financial markets, and pension fund regulation. Before Achmea IM Jasper worked as risk manager and later trader at Cardano (2008-2016) and as director rates sales at ABN AMRO (2017-2021). Jasper holds a Master’s in Stochastics and Financial Mathematics from Utrecht University, and in Risk Management from the VU in Amsterdam. He also is both FRM and SCR certified.