ISDA®
INTERNATIONAL SWAPS AND DERIVATIVES ASSOCIATION, INC

NEWS RELEASE

For Immediate Release Tuesday, September 18, 2007

For More Information, Please Contact:

Louise Marshall, ISDA London +44 203 088 3550; lmarshall@isda.org

Carmen Neumann, ISDA London, 0203 088 3554; cneumann@isda.org
Lauren Dobbs, Kennedy & Co, New York, 914-961-2436, ext. 15 lauren@kennedycom.com

ISDA APPOINTS DAVID GEEN AS GENERAL COUNSEL

LONDON, Tuesday, September 18, 2007 -- The International Swaps and Derivatives Association (ISDA) today announced the appointment of David Geen as General Counsel. Mr. Geen has served as ISDA’s European General Counsel since November 2006, in which position he played a key role in developing, among other things, the Association’s European Loan CDS documentation. Following a transition period, he will take over the position of General Counsel from Kimberly Summe, who leaves ISDA at the end of 2007 after a period of seven years to take up a position in prime services with an ISDA member firm.

“David brings a wealth of experience and sound judgment to the role of General Counsel,” said Robert Pickel, ISDA CEO. “In his new role, he will help us build on the powerful legal foundations that have helped ISDA become the strongest and most relevant financial trade association globally. I would also like to thank Kimberly for all of her efforts on behalf of the ISDA membership.”

Mr. Geen previously served as Executive Director and Senior Counsel in the Legal Department of Goldman Sachs International in London. As variously head and co-head of the Legal Department’s Derivatives Group, he coordinated the Legal Department’s coverage of the European derivatives activities of Goldman Sachs International and its affiliates. Prior to that, Mr. Geen was a partner in the London office of Baker & McKenzie. Before joining the ISDA staff, Mr. Geen was an active member of many of the Association’s documentation and market practice efforts. In particular, he has been a significant contributor to the Association’s Credit Derivatives Market Practice Committee, where he played a key representative role during the lead up to the publication of the 2003 ISDA Credit Derivatives Definitions. He also served as European Co-Chair of ISDA’s Documentation Committee.

About ISDA

ISDA, which represents participants in the privately negotiated derivatives industry, is among the world’s largest global financial trade associations as measured by number of member firms. ISDA was chartered in 1985, and today has approximately 820 member institutions from 55 countries on six continents. These members include most of the world’s major institutions that deal in privately negotiated derivatives, as well as many of the businesses, governmental entities and other end users that rely on over-the-counter derivatives to manage efficiently the financial market risks inherent in their core economic activities. Information about ISDA and its activities is available on the Association's web site: www.isda.org.

^®ISDA is a registered trademark of the International Swaps & Derivatives Association, Inc.