ISDA®
INTERNATIONAL SWAPS AND DERIVATIVES ASSOCIATION, INC.

NEWS RELEASE

For Immediate Release Tuesday, November 14, 2006

For More Information, Please Contact:

Louise Marshall, ISDA New York, 212-901-6000, lmarshall@isda.org

DAVID GEEN JOINS ISDA AS EUROPEAN GENERAL COUNSEL

NEW YORK, Tuesday, November 14, 2006 – The International Swaps and Derivatives Association (ISDA) today announced the appointment of David Geen as European General Counsel with immediate effect.

In this new position, which is based in ISDA’s London office, Mr. Geen will play a key role in a wide range of the Association’s global legal and documentation activities.

“David brings to ISDA significant legal and documentation experience and expertise in the privately negotiated derivatives business, through both his work at member firms and as an active participant in ISDA committees,” said Robert Pickel, ISDA CEO. “He is a strong addition to our team and enhances the Association’s ability to serve our global membership.”

Mr. Geen most recently 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 the largest global financial trade association, by number of member firms. ISDA was chartered in 1985, and today has over 750 member institutions from 52 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.