ISDA Chairman To Be Replaced By Soc Gen Banker

The International Swaps and Derivatives Association (ISDA) has appointed Societe Generale’s Eric Litvack as its new chairman, replacing outgoing Stephen O’Connor from the beginning of next year.
By Joe Parsons(2147488729)
The International Swaps and Derivatives Association (ISDA) has appointed Societe Generale’s Eric Litvack as its new chairman, replacing outgoing Stephen O’Connor from the beginning of next year.

Litvack, head of regulatory strategy and Societe Generale’s global banking and investor solutions business, has served on the ISDA board of directors since 2006 as vice president.

“I look forward to working closely with Eric Litvack on the key issues in our markets, including the new capital framework, margin requirements for non-cleared swaps, cross-border harmonization and trade execution rules,” says Scott O’Malia, CEO, ISDA.

“He (Litvack) and I share a common vision that ISDA has a vital role to play in ensuring the global derivatives markets remain safe, efficient and liquid so that firms around the world are able to manage their risks.”

O’Connor served as chairman of the board since April 2011. He left his role at Morgan Stanley in June 2013 to assume a full-time role and to guide the trade body through a time of unprecedented regulatory change such as the implementation of mandatory clearing, trade reporting, and margin requirements.

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