The board of directors of the European Securitisation Forum (ESF), an affiliate of the Securities Industry and Financial Markets Association, elected Robert Palache as the association’s chairman for 2008. Palache is managing director and the head of European Securitisation and Asset Monetisation Group for Morgan Stanley International in London.
Rick Watson, managing director of the ESF, said, “We are delighted to have Robert as our new chair at this important time in the structured credit market. The ESF has indentified initiatives to help to restore normal liquid market conditions and Robert will play an integral role in helping us to achieve that goal.”
Palache added, “This is a challenging time for both the organisation and the industry and I will continue to drive the ESF’s agenda to engage central banks, regulators and market participants on steps to actively restore liquidity and to spearhead other industry initiatives for the structured products markets.”
Palache succeeds Philippe Tromp, managing director, Europe, for Financial Security Assurance. Tromp was the ESF’s chair for two years.
Tromp, who will remain on the board, was praised for his work steering the association over the last two years. “We thank Philippe for his tremendous contribution and dedicated leadership over the past two years,” said Watson. “We look forward to his continued involvement in the board and executive committee.”
The 35-member board comprises representatives from institutions involved with all aspects of securitisation and CDO business, including investors, issuers, arrangers, ratings agencies, legal and accounting advisors, trustees and others.
Other appointees were also approved at the board meeting. A complete list of all ESF board of directors is attached.
ESF EXECUTIVE COMMITTEE MEMBERS
Clifford Chance |
Kevin Ingram |
Commerzbank |
Christopher McMullen |
Financial Security Assurance (U.K.) |
Philippe Tromp |
HSBC |
Scott Dickens |
JP Morgan Chase |
Bradford Craighead |
Mayer Brown |
Jason Kravitt |
Morgan Stanley & Co.
International |
Robert Palache |
PMI Europe |
Richard Sullivan |
Standard & Poor's |
Ian Bell |
The Royal Bank of Scotland Group |
Mark Hickey |
ESF BOARD MEMBERS
HBOS |
Robert Plehn |
Barclays Capital |
Allen Appen |
Bear Stearns
International Ltd |
Jesus Rio
Cortes |
BNP
Paribas
|
Tim Drayson |
Caja
Madrid
|
Carlos Stilianopoulos |
Calyon |
Thierry Sebton |
Citi |
Robert Liao |
Clifford Chance |
Kevin Ingram |
Commerzbank |
Christopher McMullen |
Credit
Suisse |
Adrian Carr |
Deutsche Bank |
Mark Graham |
Dresdner Kleinwort |
Fraser Malcolm |
European Investment Bank |
Anneli Peshkoff |
Financial Security Assurance |
Philippe Tromp |
Fortis
Bank
|
Ralf Bauer |
Freshfields Bruckhaus Deringer
|
Alan Newton |
GMAC-RFC UK
Ltd. |
Stephen Hynes |
Goldman Sachs International |
Toby Watson |
HSBC |
Scott Dickens |
ING
Bank
|
John Henderson |
JPMorgan Chase |
Bradford Craighead |
Lehman Brothers International |
Amany Attia |
Mayer Brown |
Jason Kravitt |
MBIA |
Iain Barbour |
Merrill Lynch
International
|
Pierre Martignoli |
Moody’s Investor Service |
Frederic Drevon |
Morgan Stanley & Co.
International |
Robert Palache |
PMI Europe |
Tony Porter |
Société
Générale |
Jean-François Despoux |
Standard
& Poor's |
Ian Bell |
The Royal Bank of Scotland Group |
Mark
Hickey |
UBS |
Peter Shorthouse |
UniCredit
Group
|
Mark Lewis |
ESF Committee and Working
Group Chairs
ESF Accounting Committee |
Peter C. Jeffrey |
|
PricewaterhouseCoopers |
ESF CDO Collateral Managers Working Group |
Marcus Klug |
|
Omicron Investment Management |
ESF CDO Committee |
Fritz Thomas |
|
Deutsche Bank |
ESF CMBS Committee |
Marcus Mackenzie |
|
Freshfields Bruckhaus Deringer |
ESF Conference Committee |
Marc Bajer |
|
Assured Guaranty |
ESF Conference Committee |
Steve Curry |
|
ABN AMRO |
ESF German Committee |
Matthias Renner |
|
WestLB |
ESF German Committee |
Martina Spaeth |
|
UniCredit Group |
ESF Investor Committee |
Charles Griffith |
|
Barclays Global Investors |
ESF Investor Committee |
Richard Paddle |
|
HBOS |
ESF Italian Committee |
Eugenio Cerioni |
|
Banca Nazionale del Lavoro |
ESF Legal, Regulatory and Capital
Committee |
Mark Nicolaides |
|
Latham & Watkins |
ESF Market Standards and Practices
Committee |
Peter Atkinson |
|
State Street Bank and Trust
Company |
ESF Market Standards and Practices
Committee |
Jonathan E. Keighley |
|
Structured Finance Management |
ESF Researchers Working Group |
Alexander Batchvarov |
|
Merrill Lynch International |
ESF Solvency II Working Group |
Simeon Rudin |
|
Freshfields Bruckhaus Deringer |
ESF Spanish Committee |
Ana Arias |
|
Grupo Santander |
ESF Spanish Committee |
Alvaro Canosa Castillo |
|
Caja Madrid |
ESF Spanish Committee |
Jesús Sanz García |
|
Ahorro y Titulización SGFT |
ESF Tax Working Group |
John Cullinane |
|
Deloitte |
ESF Trustee Committee |
Olufemi Oye |
|
Deutsche Trustee Company |
ESF Trustee Committee |
John Russell |
|
Sidley Austin |