For further information contact:
ISDA New York - Milton Bellis,(1 212)332-1202; e-mail mbellis@isda.org


ISDA DELEGATES ELECT 12 BOARD MEMBERS

AMSTERDAM, Wednesday, March 15 , 1999 - Delegates to the annual general meeting of the International Swaps and Derivatives Association (ISDA) elected 12 directors today, 8 of them currently serving on the association's 23-member board.

The new directors are:

  • Damian Kissane, Head of OTC Derivatives & Fiscal Income, Deutsche Bank, London
  • Kazuhiko Koshikawa, Senior Vice President, The Sanwa Bank Limited, Tokyo
  • Robert Mark, Senior Executive Vice President/Chief Risk Officer, Canadian Imperial Bank of Commerce, Toronto
  • Stephen Targett, General Manager/Global Markets Division, National Australia Bank, Melbourne

    The re-elected directors are:

  • Suneel Bakhshi, Head of Trading and Distribution for Central & Eastern Europe/Middle East/India/Africa, Salomon Smith Barney/Citibank, London
  • Douglas Bongartz-Renaud, Adjunct Directeur-Global Head of GFXO Sales, ABN Amro Bank N.V., Amsterdam
  • Henning Brutell, Senior Manager, Dresdner Bank, Frankfurt
  • Mark Haedicke, Managing Director and General Counsel, Enron Capital & Trade Resources Corp., Houston
  • George James, Head of Global Fixed Income Derivatives, Morgan Stanley Dean Witter, New York
  • Jonathan Moulds, Head of Global Rates, Bank of America, London and Chicago
  • Dennis Oakley, Managing Director, The Chase Manhattan Bank, New York
  • Luciano Steve, Head of Fixed Income, Banca Commerciale Italiana, Milan

    The directors not up for election this year are:

  • Keith A. Bailey, Managing Director, Merrill Lynch Capital Services, New York
  • Sebastien Cahen, Global Interest Rates Derivatives Director, Societe General, Paris
  • Jerry del Missier, Managing Director, Barclays Capital, London
  • Diane Genova, Managing Director and Associate General Counsel, J.P. Morgan, New York
  • Richard E. Grove, Jr., Executive Director and Chief Executive Officer, ISDA, New York
  • Mark D. Harding, General Counsel, Warburg Dillon Read, London
  • Jose Manuel Hernandez-Benevto, Director General Adjunto, Banco Santander, Madrid
  • Thomas K. Montag, Managing Director, Goldman Sachs, Tokyo
  • Ernest Patrikis, Senior Vice President and General Counsel, American International Group, New York
  • Mauits Schouten, Managing Director and Head of OTC Trading, Credit Suisse Financial Products
  • Teruo Tanaka, Senior Manager, The Industrial Bank of Japan, Tokyo

    ISDA is the industry association for the world's leading participants in swaps and other privately negotiated derivatives transactions. Its more than 450 member organizations include banks and other financial institutions, government entities, corporations and professional service providers.