ISLA secures Shone as full-time technology director
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ISLA secures Shone as full-time technology director 08 January 2021UK Reporter: Drew Nicol
Image: David Shone
The International Securities Lending Association (ISLA) has appointed David Shone as a full-time director of market infrastructure and technology.
Shone first joined the trade body as a contract consultant in June 2020 to focus on its digitalisation agenda in the securities finance market, including the Common Domain Model (CDM).
Since then, he has contributed to the delivery of a strategic digital vision for securities lending and two digital pilots, including the CDM and ISLA's clause library and taxonomy.
Reporting into ISLA’s head of regulation and market practice Adrian Dale, Shone will be responsible for the ongoing development and implementation of the CDM, production of a clause library and taxonomy for the global master securities lending agreement and monitoring the ongoing digital transformation of the market and its infrastructure.
This last piece includes monitoring the fintech landscape and helping ISLA members stay abreast of technology solutions through the Digital Steering Group.
Additionally, Shone will be responsible for looking at fintech-related regulations impacting the industry, coordinating industry responses to regulators or consultations and contributing to papers, articles and conferences where relevant.
Commenting on his new appointment, Shone says: “I am very grateful to ISLA for extending me this opportunity and given the momentum achieved so far I am looking forward to an exciting year working with some of the brightest and best of the industry from our member firms, our technology and legal partners and the ISLA team itself.”
Before joining the association, Shone spent six years at State Street where he most recently led the development of its Securities Financing Transactions Regulation solution.
He also brings experience from a four-year stint at UBS where he contributed to its derivatives business.
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Image: David Shone 