At its Annual General Meeting, the International Securities Lending Association (ISLA) announced that the following Board members would serve for a two-year term:
Laurence Marshall, UBS Investment Bank, ChairmanJames Templeman, Barclays Global Investors, Vice ChairmanRichard Steele, JP Morgan, Ex OfficioIan Hovey, State Street, TreasurerAndrew Amstutz, Morgan StanleyRobin Cave, HSBC Investment BankMark Hutchings, AIGReza Lilipaly, INGJonathan Lombardo, CitiMohamed Moursy, FortisSarah Nicholson, Aviva InvestorsRichard Thompson, Northern Trust
The Chairman also presented a proposal for ISLA to become a division of the Securities Industry and Financial Markets Association (SIFMA), which had been unanimously approved by the previous Board. Affiliation to SIFMA would give ISLA the backing of the major association representing the financial services industry worldwide, extending its influence and providing additional benefits to members, while retaining a high degree of independence. The proposal will be put to an Extraordinary General Meeting of ISLA members before the end of 2008.
D.C.