The Derivatives Service Bureau (DSB), which issues ISINs for OTC derivatives, has announced the members that will join an expanded product committee from January 8, 2019. It has also named five trade associations that will join as non-voting members, and transitioned the role of chair from the DSB to two external co-chairs from industry with a view to maintaining neutral and impartial discussions.
Following industry consultation and an invitation process for industry participation distributed to all DSB users and other interested parties (over 2,800 individuals), the new product committee membership has been chosen based on experience, asset class, workflow expertise and geographical representation. It expands representation across existing buy-side, sell-side and trading venues, increases voting members and includes two additional categories – custodians and data vendors.
Malavika Solanki, a member of the DSB management team, says: “With this new product committee membership and the broad-based expertise it brings, the DSB can move from developing ISIN products and defining product templates, to solving additional OTC derivative ISIN use cases and examining the introduction of hierarchies.”
Members of the DSB product committee are:
Co-chairs:
- BNP Paribas: Harry McAllister, information architect
- Intercontinental Exchange/ NYSE: Joseph Berardo, head, credit product management
Buy-side
- Allianz Global Investors: Michael Sandro Bauch, regulatory project manager
- Citadel: Jonah Platt, director, regulatory and government policy
Custodians
- State Street Financial: Michael Burg, vice president, derivative product offering management
Data Vendors
- IHS Markit: Kirston Winters, managing director, head of product management MarkitSERV by IHS Markit
- Refinitiv: Ben Scofield, FX content manager
- Smartstream RDU: Jourik De Lange, market data analysis
Sell-side
- Citigroup: Tia Ellerman, senior vice president
- · HSH Nordbank: Rene Muller, senior vice president market management
- · J.P. Morgan: Jay Shotton, regulatory change officer
Trading Venues
- 42 Financial Services: Maros Oberman, head of Poland, ZAR fixed income
- Bloomberg: Adam Lister, IRS electronic trading product manager EMEA
- Tradeweb: Uwe Hillnhütter, director, head of European operations
Trade Associations
- European Fund and Asset Management Association: Vincent Dessard, senior regulatory policy advisor
- FIX Trading Community: James Northey, global technical committee co-chair
- Global Financial Markets Association: Fiona Willis, manager, global FX division
- Investment Association: David Broadway, investment operations lead
- International Swaps and Derivatives Association: Karel Engelen, senior director
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