The International Swaps and Derivatives Association (ISDA) announced that its board of directors elected three new members.

For the first time in the history of ISDA, investors or non-dealer firm members will serve on the ISDA Board.   The three new directors are: Pierre-Emmanuel Juillard, head of structured finance division, AXA Investment Managers; Ted MacDonald, managing director and treasurer, the D. E. Shaw group; and Bill Powers,managing director and member, PIMCO’s investment committee.

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