For Immediate Release, Thursday, April 15, 2010

For More Information, Please Contact:

Rebecca O’Neill, ISDA London, +44 203 088 3586, roneill@isda.org�

Cesaltine Gregorio, ISDA New York, +1 212-901-6019, cgregorio@isda.org

Donna Chan, ISDA Hong Kong, +852 2200 5906, dchan@isda.org 

ISDA Hires David Murphy as Head of Risk & Reporting

LONDON, Thursday, April 15, 2010 

 The International Swaps and Derivatives Association, Inc. (ISDA) today announced that David Murphy has joined as Head of Risk and Reporting. He will be based in London and will report to Conrad Voldstad, ISDA’s Chief Executive Officer.

Dr Murphy will manage ISDA’s work in the areas of risk management and financial reporting. This includes the Association’s initiatives in relation to the Basel capital framework and regulatory capital requirements.

“With substantial product, regulatory and market knowledge, David brings a wealth of experience and expertise to his new role at ISDA as Head of Risk and Reporting,” said Mr Voldstad. “His background in the derivatives and structured finance markets will be invaluable in guiding ISDA as we look to harness the opportunities and address the challenges ahead.”

“David’s strengths are a welcome addition to the team at this critical juncture in our work to enhance the integrity of risk management practices, and in relation to the regulatory dialogue on risk capital,” said Robert Pickel, Executive Vice Chairman, ISDA

Prior to ISDA, Dr Murphy was founding Principal of rivast consulting, a strategic risk management and structured products consulting firm. Before that, he was the Chief Operating Officer at Merrill Lynch’s Reinsurance Group. Prior to his time at Merrill Lynch, he served as a Global Risk Manager at Banque Paribas and was earlier employed at the UK’s Securities and Futures Authority. He held an SERC Research Fellowship, and was a Lecturer at the University of Birmingham.

Dr Murphy received the Royal Society Postdoctoral Research Fellow award in 1992. He has an MA degree in physics, an MSc degree in computation from Oxford University, and a PhD in mathematics/theoretical computer science from the University of Surrey.

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 over 820 member institutions from 57 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.