DECEMBER 2004 

Jonathan Moulds Elected Chairman of ISDA;
    Michele Faissola Elected Vice Chairman

Jonathan Moulds, Head of Cross-Product Strategic Trading at Banc of America Securities, was elected Chairman at the Association’s November Board meeting. Michele Faissola, Global Head of Rates at Deutsche Bank’s Global Markets Division, was elected Vice Chairman.

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ISDA 20th Anniversary Celebration

2005 marks an important milestone for ISDA and the derivatives and risk management industry: the Association’s 20th anniversary. Over the last two decades, ISDA has been a driving force behind the phenomenal growth of the derivatives market, in large part due to the hard work of the ISDA membership and its Board of Directors. To celebrate this anniversary and to honor all ISDA Board Directors past and present, the Association is hosting a cocktail reception and dinner on Wednesday, May 11, 2005 in London.

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***SAVE THE DATE***

ISDA’s 20th Annual General Meeting
March 15 - 18, 2005

ISDA’s 20th Anniversary Celebration
Natural History Museum - London
May 11, 2005

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