Board of Directors

Head of Agency Sales EMEA & Securities Finance Sales Paris

Arnaud Fransioli joined Société Générale in 2005, 2 years spent at Voltrex Options Ltd as a partner and headed the Paris Office 3 years spent at Barclays Capitral London as an option trader on the Euostox50 and Sector Indexes 4 years spent at Société Générale London as an Equity and Index Option Trader Board member to the International Securities Lending Association (ISLA). Masters degree from ESCP, Paris Business School. Head of Agency Sales EMEA & Securities Finance Sales Paris Having initially spent four years at Societe Generale Corporate & Investment Banking as an Equity and Index Option Trader, Arnaud returned to the bank in 2005 to head up the Securities Finance Sales desk for Europe. Between these roles, he spent two years as a partner in charge of the Voltrex Options Ltd Paris office, and gained extensive experience in options trading on Eurostoxx50 and Sector indexes for three years at Barclays Capital. Arnaud holds a Masters degree from ESCP Paris Business School.

Ueli von Burg, Managing Director, is responsible for the centralized cash and collateral trading and management unit of Zürcher Kantonalbank. Ueli von Burg has over 20 years of experience in the securities finance industry. He joined the Securities Lending desk at Zürcher Kantonalbank in the year of 1997 as a securities lending trader and subsequently took on more responsibility. Today, Mr von Burg is responsible for the short term liquidity management of the overall bank, the Prime Finance business (Securities Lending & Borrowing and Repo), Swiss franc money market trading and the collateral management units (incl. OTC Derivative). Mr von Burg holds a degree in Business Administration and is a Certified International Investment Analyst CIIA. Mr von Burg is active as a securities lending, repo and collateral management lecturer at the Swiss Training Centre for Investment Professionals and a board member of the International Securities Lending Association since 2016.

Stefan is responsible for Securities Lending clients in EMEA and APAC within BlackRock’s Trading & Liquidity Strategies Group. This includes all securities lending client relationships across Retail, ETF and Institutional clients as well as regulatory engagement. Mr. Kaiser’s service with the firm dates back to 2005, including his years with Barclays Global Investors (BGI), which merged with BlackRock in 2009. Prior to joining BGI, Mr. Kaiser worked for Commerzbank in a variety of positions, including Mergers & Acquisitions, Corporate Banking, Investor Relations and Asset Management in London, Shanghai, Frankfurt and Singapore. Mr. Kaiser represents BlackRock on the board of the International Securities Lending Association (ISLA). He earned a BA degree in finance from University of Cooperative Education Mosbach and an MSc in business management and economics from University of Trier.

Poya Bozorgi is an Executive Director & Head of Flow Trading within Securities Lending for Morgan Stanley, based in London. Poya started his career at M&G Investments’ agency lending division in 2003 and has since held senior trading positions at Société Générale and Goldman Sachs. From 2013-2017, Poya held the position of Head of Equity Finance EMEA at Macquarie. Poya has extensive experience in both traditional SFT and derivative products, as well as having worked across post trade and technology through a period of significant regulatory change. He has experience across both the agency lending and broker-dealer segments and has the benefit of having worked for a number of international institutions. Poya holds a Master’s degree from the University of Nottingham in Chemical Engineering. 

As Global Head of the Agency Lending Product at JP Morgan, I would welcome the opportunity to bring my professional expertise alongside my firms’ resources to the ISLA boardroom to help serve, grow and promote the Securities Financing community. As a market leading diversified global bank, my voice will represent views as an agent lender, a prime broker and a collateral manager. I believe that my deep knowledge and active participation in the industry, overlaid with my strong product development background, encompassing regulatory, tax, legal and change management experience gained from a career spanning 20 years at JP Morgan, positions me in good stead to help steer the ISLA community through the evolving, increasingly complex landscape. 

With 20+ years’ experience as a Securities Finance lawyer and business roles covering regulatory affairs and product strategy, spanning agency lending, principal borrow, collateral management, reinvestment, I have a holistic appreciation of market drivers impacting the Securities Finance value chain. Leveraging knowledge of legal and regulatory frameworks, I am active in industry working groups and advocacy initiatives addressing market challenges. As this industry progresses through unprecedented evolution, a diverse skillset at ISLA Board level is critical. I am committed to collaborating to drive ISLA’s strategy serving the industry; to influence positive outcomes through advocacy for buy-and sell-side market participants; to provide challenge, enhance governance and promote best practice, building credibility, minimising regulatory & reputational risk, for the Securities Finance market. I bring a focus on broader Financial Services culture change, currently involved in several diversity projects (FCA Culturesprint, Women in Securities Finance, 100 Women in Finance, 30% Club).

Matt Chessum an Investment Director within the liquidity management team at Aberdeen Standard Investments (ASI).  He is responsible for the securities lending function within ASI and is also involved in the day to day fund management activities of the money market funds.  Matt joined Aberdeen Standard Investments in 2011 from BNP Paribas Securities Services where he worked as a securities lending trader on the Agency Lending desk. Previously, Matt worked for Barclays Global Investors and at BNP Paribas Securities Services Paris, in securities lending client services. Matt graduated in 2003 with a BA (Hons) in European Business from both the University of Portsmouth and the École Supérieure de commerce in Bordeaux and is a member of the Bank of England Securities Lending Committee.

I have spent over twenty years with Citi and was recently appointed EMEA Head of Equity Lending for Citibank Agency moving across from my previous role of EMEA Head of Supply Trading for Citigroup Global Markets LTD. During my time at Citi I have held positions across Operations, Fixed Income and Equity Finance. I believe that the regulatory landscape ahead of us gives our industry a unique opportunity to lead and drive change as well as innovate. I believe that our industry has been slow to address poor processes and inefficient procedures across the trading lifecycle but that the current challenges of SFTR and CSDR are finally forcing us all to address these. 

I have worked in the Securities finance business for over 20 years, mandated to lead the product across asset classes, covering both Securities Lending and Repo as a principal lender. The breadth of my role adds diversity to the ISLA board. Especially as my experience covers a wide range of client types across global jurisdictions and regulations, with a Swiss focus from a globally active investment bank. 

Having previously been on the board of ISLA I recognise the opportunity it presents to help shape the Securities Finance market, be that considering the impact of certain regulations or embracing structural and technological innovations. With my global role, I offer a broad perspective covering all facets of the Securities Lending and repo markets across most geographies with involvement/oversight across many of the key factors impacting our market – technological development, collateral management, breadth of client/institutional dialogue and improvement of liquidity and capital efficiency through structural innovation and development of new/existing markets. 

I am a Managing Director responsible for Product Development at eSecLending, an independent third-party securities lending agent. I work on developing new markets and leading eSec’s response to new regulatory initiatives such as SFTR and CSDR.
I am pleased to have sat on ISLA’s SFTR Steer Co and contributed to ISLA’s leadership in responding to ESMA’s various consultations. I also am interested in developing new market opportunities in the Middle East and I support ISLA’s initiatives in this area.
I am a Board Member of PASLA and look forward to helping the two associations collaborate more closely. In my PASLA role, I lead advocacy with regulators and exchanges in South East Asia as Chair of the ASEAN working group.
As a company, eSecLending is committed to working with ISLA and is very supportive of the Board.

I was privileged to serve the last two years as a board member for ISLA. The current board has helped ISLA to become even more into a strong and widely heard organisation that is well known and respected among regulators, market participants and other industry bodies.
And I think we’re not done. With SFTR and CSDR coming into effect in 2020 and potentially more regulation to come, we need a strong organisation to support market participants and regulators. A well-diversified board plays a critical role in supporting the organisation and setting the tone for the next years. Union Investment is one of the leading German fund managers with assets under management of more than 350 billion euros. We act as a professional asset management partner to retail and institutional investors serving them in their very best interest.