Derivatives Service Bureau broadens industry collaboration
04 December 2018 London
Image: Shutterstock
For its second term, the Derivatives Service Bureau (DSB) has added new industry participants to its product committee, including co-chairs Harry McAllister from BNP Paribas and Joseph Berardo from Intercontinental Exchange /NYSE.
The DSB product committee has added industry participants from the buy- and sell-side, as well as custodians, data vendors, trading venues and trading associations, which will serve to further broaden industry collaboration.
The participants joining the committee are Michael Sandro Bauch from Allianz Global Investors, Jonah Platt from Citadel Policy, Michael Burg from State Street Financial, Kirston Winters from IHS Markit, Ben Scofield from Refinitiv and Jourik De Lange Smartstream RDU.
Tia Ellerman from Citigroup, Rene Muller from HSH Nordbank, Jay Shotton from J.P. Morgan, Maros Oberman from 42 Financial Services, and Adam Lister from Bloomberg L.P will also be joining the committee.
Other participants on the committee include Uwe Hillnhütter from Tradeweb, Vincent Dessard from European Fund and Asset Management Association, James Northey from FIX Trading Community, Fiona Willis from Global Financial Markets Association, David Broadway from Investment Association and Karel Engelen from International Swaps and Derivatives Association.
According to the DSB, the new product committee membership has been chosen based on experience, asset class and workflow expertise and geographical representation across all user categories.
From 8 January 2019, the five trade associations will join as non-voting members to contribute to a balanced representation of asset class knowledge and geographical representation.
Representation will expand on the existing buy-sell, sell-side and trading venues, which will increase voting members to also include custodians and data vendors.
Additionally, the role of the chair will transition from the DSB to two external co-chairs directly from industry, to maintain strict neutral and impartial discussion, it was revealed.
Emma Kalliomaki, managing director of ANNA and the DSB, said: “We are delighted with the high quality of applicants driving the composition of the new product committee membership, and are confident that Product Committee discussions will continue to ensure the best possible The International Securities Identification Number (ISIN) creation and use will only serve to bring greater transparency and efficiency to the global over-the-counter derivatives market.”
Malavika Solanki, a member of the DSB Management Team, cited: “With this new product committee membership and the broad-based expertise they bring, the DSB can now move from developing ISIN products and defining product templates, to solving additional OTC Derivative ISIN use cases and examining the introduction of hierarchies, as well as discussions on what to prioritise.”
The DSB product committee has added industry participants from the buy- and sell-side, as well as custodians, data vendors, trading venues and trading associations, which will serve to further broaden industry collaboration.
The participants joining the committee are Michael Sandro Bauch from Allianz Global Investors, Jonah Platt from Citadel Policy, Michael Burg from State Street Financial, Kirston Winters from IHS Markit, Ben Scofield from Refinitiv and Jourik De Lange Smartstream RDU.
Tia Ellerman from Citigroup, Rene Muller from HSH Nordbank, Jay Shotton from J.P. Morgan, Maros Oberman from 42 Financial Services, and Adam Lister from Bloomberg L.P will also be joining the committee.
Other participants on the committee include Uwe Hillnhütter from Tradeweb, Vincent Dessard from European Fund and Asset Management Association, James Northey from FIX Trading Community, Fiona Willis from Global Financial Markets Association, David Broadway from Investment Association and Karel Engelen from International Swaps and Derivatives Association.
According to the DSB, the new product committee membership has been chosen based on experience, asset class and workflow expertise and geographical representation across all user categories.
From 8 January 2019, the five trade associations will join as non-voting members to contribute to a balanced representation of asset class knowledge and geographical representation.
Representation will expand on the existing buy-sell, sell-side and trading venues, which will increase voting members to also include custodians and data vendors.
Additionally, the role of the chair will transition from the DSB to two external co-chairs directly from industry, to maintain strict neutral and impartial discussion, it was revealed.
Emma Kalliomaki, managing director of ANNA and the DSB, said: “We are delighted with the high quality of applicants driving the composition of the new product committee membership, and are confident that Product Committee discussions will continue to ensure the best possible The International Securities Identification Number (ISIN) creation and use will only serve to bring greater transparency and efficiency to the global over-the-counter derivatives market.”
Malavika Solanki, a member of the DSB Management Team, cited: “With this new product committee membership and the broad-based expertise they bring, the DSB can now move from developing ISIN products and defining product templates, to solving additional OTC Derivative ISIN use cases and examining the introduction of hierarchies, as well as discussions on what to prioritise.”
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Securities Finance Times
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Securities Finance Times
