Athanassios Diplas of Deutsche Bank and Charles Mulhern of Wellington Management Company have agreed to serve as co-chairs of the International Swaps and Derivatives Association, Inc.s (ISDAs) Industry Governance Committee.
The new co-chairs succeed Stephen O’Connor, who has stepped down as chair following his election as chairman of ISDAs board of directors in April.
ISDAs Industry Governance Committee oversees strategic market practice and post-trade issues in the OTC derivatives markets. It is the main interface for global supervisory contact and serves as a forum both to mobilize industry resources and track the progress of key initiatives. The committee is composed of senior business managers from both the buy side and sell side.
I am delighted that Thanassis and Charlie have agreed to lead the IIGC as it continues to play an important role in ensuring safe, efficient OTC derivative markets, says OConnor, who serves as managing director at Morgan Stanley. I have worked closely together with both Charlie and Thanassis on ISDA and IIGC activities for a number of years now, and I am confident that IIGC is in safe hands. I am particularly pleased that we have been able to position both a dealer and a buy-side firm into the industry leadership as we move forward together to promote a broader take up of clearing in the OTC markets.
Diplas is managing director and global head of the systemic risk management group at Deutsche Bank. He recently co-chaired ISDAs Credit Derivatives Steering Committee. He also served on the Market Resiliency Working Group of the Counterparty Risk Management Policy Group III. Diplas joined Deutsche Bank in 2003.
Mulhern is the director of investment data and derivative services within Investment Administration at Wellington Management Company, LLP. Mulhern actively participates in several industry forums including the Asset Management Group of the Securities Industry and Financial Markets Association and the Operations Steering Committee of International Swaps and Derivatives Association, Inc. He joined Wellington in 2005.
(CM)