The chief executive of the International Securities Services Association (ISSA) will step down on 1 September after leading the organisation for over seven years.
Josef Landolt, the former chief operating officer for wealth management and head of securities services at UBS for over 30 years, will be succeeded by Colin Parry, a former head of operations, innovation and new ventures at UBS.
Parry was also UBS’ former global head of investment bank operations and head of group operations for its UK business.
Landolt became CEO of ISSA in 2012 after the organisation implemented a new governance structure. He previously severed as chairman of the ISSA for 25 of the organisation’s 40-year history.
As CEO of ISSA, Landolt led the acceleration of day-to-day operations to push for standards and best practices for a range of issues. He also oversaw the publication of the ISSA handbooks and also contributed to the G30 Recommendations on clearing and settlement back in 2003.
Most recently, he led the organisations work on pushing standards on cyber security, digital assets, financial crime compliance, and corporate actions and proxy voting.
“Having been intrinsically connected to ISSA for most of its existence, it is no exaggeration to say Josef has poured his heart and soul into the industry issues and ISSA throughout his entire 40 year career. The whole industry, and all who work and have worked in it, have benefited directly from this dedication and professionalism,” said Lee Waite, chairman,