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ISLA Americas

The securities lending and financing markets have gone through many periods of transition and structural change over the years, in response to the economic, political, and regulatory landscape, but also the evolving business, trading and product needs of the various participants across the securities finance value-chain.

ISLA has continued to support and represent its members across Europe, Middle East, and Africa over the past 30 years, advocating the importance of securities lending, collateral mobility, and financing within the broader capital markets eco-system. Increasingly, those efforts have required a more holistic approach, working with fellow industry associations across global jurisdictions to meet common member goals.

Against this backdrop, ISLA recently announced the expansion of its coverage and activities to include the United States (US), with the creation of an affiliate entity, ‘ISLA Americas’, in Q2 2024

The intention of this expansion is to serve regional members in the US, together with current members operating global businesses, where ISLA has seen a notable increase in demand to produce a more cohesive output, reflecting multi-jurisdictional operating models and a growing desire to provide one global advocacy voice across EMEA and the US (read full Press Release here)

ISLA Extraordinary General Meeting (EGM)

To achieve this expansion in a cohesive manner, ensuring strategic alignment between ISLA EMEA and ISLA Americas, ISLA held an EGM on 2 May 2024, where members were asked to vote on two key resolutions. The passing of these resolutions were integral to the expansion, and to shaping the long-term strategy of ISLA.

ISLA members voted strongly in favour of the two proposed resolutions,  paving the way for the cohesive expansion of activities into the US through the incorporation of ISLA Americas.

ISLA Americas Incorporation and Board of Directors Announced

Following the EGM, ISLA Americas was incorporated on 10 May 2024. On 17 May 2024, the first appointed Directors of the newly formed ISLA Americas Board of Directors were announced. Chaired by Mark Whipple, Global Head of Securities Lending, Invesco, the Officers and Directors will work with the ISLA Americas’ senior management team to deliver the aims and objectives of the affiliate entity, whilst ensuring alignment with the wider Association’s overall strategy.

The current list of confirmed Directors includes:

  • Mark Whipple, Invesco
  • Ina Budh-Raja, BNY Mellon
  • Philip Winter, Citi
  • Anthony Toscano, MUFG
  • Jason Strofs, BlackRock
  • Christel Carroll, Goldman Sachs Agency Lending
  • Tom Poppey, Brown Brothers Harriman & Co.
  • Justin Aldridge, Fidelity Agency Lending
  • Tamela Merriweather, Northern Trust
  • George Rennick, JP Morgan Chase
  • Michael McAuley, BNY Mellon

For more information, read the press release here.

ISLA Americas Annual Securities Finance Conference

Under the ISLA Americas brand and working closely with the Risk Management Association (RMA) to ensure a smooth transition, we are delighted to confirm that the ISLA Americas Annual Securities Finance Conference is set to take place at the Ritz Carlton in Naples, Florida, between 14-17 October 2024. Information on sponsorship packages, delegates rates, as well as registration will be released in due course, with queries relating to the conference directed to mark.whipple@invesco.com.

This is an exciting moment in the history, and future of ISLA and we will look to actively engage with our members throughout the process. We will regularly update this page with news and updates regarding the expansion. In the meantime, if you have any queries regarding the initiative, you can read our latest Frequently Asked Questions document or contact support@isleaemea.org.

 

ISLA Americas