ISDA appoints O'Connor as chairman 07 June 2013New York Reporter: Georgina Lavers
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The board of directors for the International Swaps and Derivatives Association (ISDA) has appointed Stephen O鈥機onnor as full-time chairman.
In this position, O鈥機onnor will continue to take a leading role in derivatives industry reform while assuming a more active, hands-on involvement in driving ISDA鈥檚 strategic initiatives.
鈥淭he pace and scope of those initiatives continues to increase given global regulatory reform and the continued evolution of the financial markets and the OTC derivatives business,鈥� said ISDA in a release.
鈥淭o address these needs, the decision was made to appoint a full-time chairman who could devote more time and energy to directing and leading the association.鈥�
O鈥機onnor joins ISDA full-time after serving as a member of its board since 2008 and as the chairman of the board since April 2011. During this time, he was a managing director at Morgan Stanley, which he joined in 1988.
During his 25-year career with Morgan Stanley, O鈥機onnor held a number of senior positions in regulatory reform strategy, clearing and counterparty risk management.
鈥淚SDA鈥檚 mission, leadership and activities have never been more important in building safe, efficient markets for all users of derivatives,鈥� said O鈥機onnor.
鈥淚 look forward to a more active role in working with ISDA CEO Bob Pickel and the ISDA team to address the important issues facing our markets.鈥�
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