ISLA chief to depart in June

ISLA chief to depart in June

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Kevin McNulty will stand down as the chief executive of securities lending trade body ISLA in June.

McNulty, who has led the group since 2009, will leave ISLA after its annual conference in Vienna.

He will continue to work with chief operating officer Andy Dyson and the board between now and the event.

Prior to joining ISLA seven years ago, McNulty worked for Barclays Global Investors where he ran the securities lending business in Europe and North America.

"Kevin has overseen some of the biggest and substantial changes in our industry in the post crisis era and has led ISLA and its members through some difficult regulatory and legal changes," said Dyson.

"Today both ISLA and the industry are very different from when he joined ISLA and are well positioned to capitalise on the ever changing market landscape."

Set up in 1989, ISLA works with regulators to provide a safe and efficient framework for securities lending.

Members include pension funds, asset managers, banks, securities dealers and service providers.

The organisation has an elected board of fifteen industry professionals representing firms from all parts of the industry.

Andy Krangel of Citi is the current chairman.


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