Dyson to take on ISLA top job
27 May 2016 London
Image: Shutterstock
Andrew Dyson has been confirmed as the new CEO of the International Securities Lending Association (ISLA), following the decision of current incumbent Kevin McNulty to step down after seven years in the post.
Dyson, who currently serves as ISLA’s COO, will assume his new role when McNulty vacates the position following ISLA’s annual conference in June.
Dyson commented: "I am delighted to have been given the opportunity to lead our industry association. The industry has many challenges that are changing the way we look at securities lending and I believe that it is more important than ever to have a vibrant and outward looking association."
"I look forward to building upon the work that I have done at ISLA over the past three years and I hope to make us more effective and relevant as we try and reflect the aims and objectives of our members."
In a letter to members, ISLA chair Andy Krangel said: “In many respects Andy Dyson has been effectively acting as CEO for some months now and clearly understands the challenges that our market faces.”
“One of his first tasks in the new role will be to work with the board to fill the now vacant COO post he currently holds and in doing so, bring further experience and skills to the ISLA team.”
He added: “We hope that you will join us in congratulating Andy Dyson and we look forward to working with him and the ISLA team as we continue in these interesting and challenging times.”
McNulty said of his departure recently: “It is with very mixed feelings that I have made this decision which is driven mainly by some personal challenges and my desire to spend more time with my family,” McNulty said of his departure.
“I realise that this is a critical time for our market given the number of impending regulatory developments.”
Dyson, who currently serves as ISLA’s COO, will assume his new role when McNulty vacates the position following ISLA’s annual conference in June.
Dyson commented: "I am delighted to have been given the opportunity to lead our industry association. The industry has many challenges that are changing the way we look at securities lending and I believe that it is more important than ever to have a vibrant and outward looking association."
"I look forward to building upon the work that I have done at ISLA over the past three years and I hope to make us more effective and relevant as we try and reflect the aims and objectives of our members."
In a letter to members, ISLA chair Andy Krangel said: “In many respects Andy Dyson has been effectively acting as CEO for some months now and clearly understands the challenges that our market faces.”
“One of his first tasks in the new role will be to work with the board to fill the now vacant COO post he currently holds and in doing so, bring further experience and skills to the ISLA team.”
He added: “We hope that you will join us in congratulating Andy Dyson and we look forward to working with him and the ISLA team as we continue in these interesting and challenging times.”
McNulty said of his departure recently: “It is with very mixed feelings that I have made this decision which is driven mainly by some personal challenges and my desire to spend more time with my family,” McNulty said of his departure.
“I realise that this is a critical time for our market given the number of impending regulatory developments.”
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