Four new directors are joining the board of directors at the International Swaps and Derivatives Association (ISDA) as it continues to expand its regional and business diversity.
As part of the move, ISDA said it is expanding the central counterparty (CCP) representation on its board to two, and has appointed Daniel Maguire, chief executive officer of LCH Group.
Maguire joins Kevin McClear, corporate risk officer at Intercontinental Exchange, who joined the board last year. Each CCP will serve for a two-year term, on a revolving basis.
The other three elected directors represent different areas of the derivatives business, and are based in three geographical locations.
The new directors include Yutaka Amagi, managing director, head of global markets planning division, MUFG Bank, Ltd; Marc Badrichani, head of Americas sales & marketing for markets and investor services, JP Morgan; Jacques Vigner, head of strategy, conduct, risk and financial resources, global markets and corporate and institutional banking, BNP Paribas.
Seven other directors were re-elected. New directors include Biswarup Chatterjee, global head electronic trading & new business development, credit markets, Citigroup Global Markets; John Dabbs, global head of prime derivatives services, Credit Suisse; Jeroen Krens, managing director, credit, rates & emerging markets, HSBC Bank; Max Nuttall, head of global structured products & IST strategy, BP; Will Roberts, managing director, head of global rates and counterparty portfolio management, Bank of America Merrill Lynch; Neh Thaker, global head of FX, rates and credit, Standard Chartered Bank and Rana Yared, managing director, principal strategic investments, securities division, Goldman Sachs & Co.
Two directors were also re-appointed, McClear and Axel van Nederveen, managing director, treasurer, European Bank for Reconstruction and Development.
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