About a-team Marketing Services
The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

Global LEI System Leaps Forward with Naming of Nominees for the Board of the LEI Foundation

Subscribe to our newsletter

Development of the global Legal Entity Identifier system (GLEIS) has leapt forward with the naming of nominees for the initial board of directors of the Global LEI Foundation. The Foundation will operate the Central Operating Unit (COU), a critical element of the complete system.

The Financial Stability Board (FSB) Plenary endorsed the nominees listed below in its role as the founder of the Global LEI Foundation and based on a recommendation from the Regulatory Oversight Committee (ROC) of the GLEIS to the FSB. The nominees will be put forward for review and final decision by authorities in Switzerland, where the Foundation will be located, and are expected to be appointed as directors of the board of the Foundation when it is formerly established by the FSB.

Selecting the board members has been a lengthy process. It started back in April 2013 with the publication of draft guidance for potential candidates for the board. This was followed by a call for candidates from the ROC that was later extended to September 12, 2013. Once this deadline passed, the ROC was expected to draw up a list of nominees towards the end of the year, but the timeline slipped as the ROC worked to establish the Foundation ahead of naming its board of directors.

When the board is in place, the COU will be established, marking another significant development in the global system and potentially providing a central database for LEI codes issued by pre-Local Operating Units (LOUs) in the interim system and later by LOUs in the complete system.

Name

Jurisdiction

Title

Sergio Chodos

Argentina

Alternate Executive Director: International Monetary Fund

Bo Chen

China

General Manager and member of the Board of Directors: China Financial Computerisation Corporation

Wolfgang Koenig

Germany

Head of Chair of Information Systems and Information Management: Goethe University Frankfurt

Ravi Mathur

India

CEO: GS1 India

Hiroshi Kawagoe

Japan

General Manager: Sumitomo Mitsui Banking Corporation

Hyoung Seok Lim

Korea

Research Fellow: Korea Institute of Finance

Gerard Hartsink

The Netherlands

Chair: CLS Group Holdings, (Nominee as Chair of the GLEIF)

Nabil Al Mubarak

Saudi Arabia

CEO: Saudi Credit Bureau (SIMAH)

Arthur Cousins

South Africa

CEO: International Payments Framework Association

Bruno Schutterle

Switzerland

Strategic Procurement: Bank Julius Baer

Ayhan Keser

Turkey

Executive Vice President: Albaraka Turk Katilim Bankasi

Chris Taggart

UK

Co-Founder and CEO: OpenCorporates

Howard Edelstein

USA

Operating Partner: Advent International

Jefferson Braswell

USA

Founding Partner: Tahoe Blue Ltd

Robin Doyle

USA

MD Corporate Regulatory Strategy and Policy: JP Morgan Chase

Tim Smucker

USA

Chair: JM Smucker Company

 

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Adding value and improving efficiencies in sanctions screening

Sanctions have been headline news this year. They are growing in number, sanctions lists are changing on a daily basis, and there can be conflict between sanctions issued by different jurisdictions – the whole calling for financial institutions to optimise sanctions screening to reduce risk and avoid potentially punitive penalties of non-compliance. This webinar will...

BLOG

IHS Markit Releases Automated Onboarding Platform for Fund Managers and Administrators

IHS Markit has released Investor Onboarding, a fully hosted, digital onboarding platform enabling firms to automate, integrate and centralise onboarding and compliance obligations, while simplifying and accelerating the onboarding experience for investors. The platform allows users to input data once, creating a golden source that populates multiple forms, including subscription agreements and tax forms. Data...

EVENT

Data Management Summit New York

Now in its 12th year, the Data Management Summit (DMS) in New York brings together the North American, capital markets enterprise data management community, to explore the evolution of data strategy and how to leverage data to drive compliance and business insight.

GUIDE

Enterprise Data Management, 2010 Edition

The global regulatory community has become increasingly aware of the data management challenge within financial institutions, as it struggles with its own challenge of better tracking systemic risk across financial markets. The US regulator in particular is seemingly keen to kick off a standardisation process and also wants the regulatory community to begin collecting additional...