ISDA Board Appoints New Chair

ISDA has announced that its Board of Directors has elected Amy Hong as its new Chair.

Ms. Hong is Head of Strategy, Investments and Partnerships in the Global Banking & Markets division at Goldman Sachs, responsible for leading strategic initiatives for the division with a focus on market structure, systemic and operational risks, and industry digitization. She has worked for Goldman Sachs since 2006 and joined the ISDA Board in June 2020. The appointment is effective immediately.

Ms. Hong succeeds Jeroen Krens, who has stepped down in accordance with ISDA’s bylaws following his departure from HSBC.

“I’d like to welcome Amy as ISDA’s new Chair. I know Amy will bring a lot of energy to the role and I’m looking forward to working with her as we map out the next priorities for ISDA to ensure we deliver on our mission of fostering safe and efficient markets into the future. I’d also like to thank Jeroen for his many contributions spanning market structure, digitization and capital during more than 10 years on the ISDA Board. Although his time as Chair was relatively brief, he made a meaningful impact in helping to define ISDA’s strategic direction over the next decade. We wish him every success in his future endeavors and look forward to his continued contributions to financial markets,” said Scott O’Malia, ISDA’s Chief Executive.

“It’s a privilege to take on the role of Chair in ISDA’s 40th anniversary year and at an important time for the derivatives market. As new technologies are deployed and numerous rules are finalized and implemented globally, ISDA is uniquely positioned to provide the standards, solutions and regulatory engagement necessary to ensure derivatives markets continue to function efficiently around the world. I’m looking forward to working with my colleagues on the Board and the ISDA team as we tackle these and other issues,” said Ms. Hong.

For Press Queries, Please Contact:

Nick Sawyer, ISDA London, +44 20 3808 9740, nsawyer@isda.org

Christopher Faimali, ISDA London, +44 20 3808 9736, CFaimali@isda.org

Nikki Lu, ISDA Hong Kong, +852 2200 5901, nlu@isda.org

Documents (1) for ISDA Board Appoints New Chair

Remove Bureaucracy from Cross-margin Approvals

Cross-margining programs play a critical role in financial markets. By ensuring margin requirements more closely reflect the actual risk of a portfolio of products, they reduce liquidity strain and improve market efficiency, both of which will become even more important...

Joint Response on CCP Resolution

On September 7, ISDA and FIA responded to a Bank of England (BOE) discussion paper on central counterparty (CCP) resolution. The associations support greater clarity on valuation capabilities prior to a crisis scenario and the boundary between recovery and resolution,...