ISDA®
INTERNATIONAL SWAPS AND DERIVATIVES ASSOCIATION, INC.
NEWS RELEASE
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.