ISDA®
INTERNATIONAL SWAPS AND DERIVATIVES ASSOCIATION, INC.
NEWS RELEASE
For Immediate Release, Friday, February 5, 2010
For More Information, Please Contact:
Cesaltine Gregorio, ISDA New
York, +1 212-901-6019, cgregorio@isda.org
Deirdre Leahy, ISDA New York,
+1 212-901-6021, dleahy@isda.org
Donna Chan, ISDA Hong Kong, +852 2200 5906, dchan@isda.org
ISDA Augments Documentation Committee
Leadership,
Adds Advisory Board with Buy-side Expertise
The
Board will provide strategic guidance and leadership to the Documentation
Committee's work on a range of topics, including new product documentation,
resource allocation across projects, legal opinion scope and coverage of Amicus
Briefs, and will replace the existing
regional chairmanship structure.
“The new Advisory Board will boost ISDA's legal and documentation
efforts across regions and disciplines,” said
Eraj Shirvani, Chairman of ISDA and Head of Fixed Income EMEA at Credit Suisse. “The Board will facilitate a globally consistent approach to
documentation development and maintenance while ensuring appropriate levels of
regional expertise on key matters of relevance to both buy-and sell-side.”
The
Advisory Board will include the current
chairs of the ISDA Documentation Committee: Chip
Goodrich (Deutsche Bank), Serge Salabi (BNP
Paribas), Teruo Tanaka
(Royal Bank of Scotland) and Don Thompson (JP Morgan Chase)
The following experienced industry practitioners have also agreed
to serve on the Board:
Tricia Bowden,
Managing Director and Senior Counsel, Goldman Sachs Japan Co., Ltd.
Sarah Lee,
Associate General Counsel, Global Head of Credit Derivatives, Legal and
Derivatives Regulatory, Bank of America Merrill Lynch
Christopher Ramsay, Director and Associate General Counsel and Head of Global
Transaction Management, Citadel Investment Group, LLC
James Starky,
Chief Legal Officer, Cairn Capital Limited
Andrew Wan,
Director and Senior Counsel Asia Pacific Legal, Citibank, N.A
The
ISDA Documentation Committee provides overall direction for all documentation
projects and supervises the association's respective documentation working
groups. The Committee expands and updates the library of ISDA documentation and
works to ensure the enforceability of the netting provisions of the Master
Agreements.
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 810
member institutions from 58 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.