The International Swaps and Derivatives Association (ISDA), which represents 820 member institutions from 57 countries in the derivatives business, has elected its new board members.

The four new directors are Brian Archer, the global head of credit trading at Citigroup; Jonathan Hunter, the global co-head of fixed income and currencies at RBC Capital Markets; TJ Lim, the global co-head of markets at UniCredit; and Nobukazu Saeki the deputy general manager at Mitsubishi UFJ Securities Co.

The directors that were reelected are Thibaut de Roux, the global head of structured rates and equity products at HSBC; Nitin Gulabani, the global head of rates at Standard Chartered Bank; Alan Haywood, the head of oil supply and trading at BP Oil International; Peter Healey, the chief operating officer of fixed income and currencies and commodities at UBS; Frederic Janbon, the global head of fixed income at BNP Paribas; Eric Litvack, the global chief operating officer of volatility trading at Societe Generale; and Gerhard Seebacher, the head of global credit products at Bank of America Merrill Lynch.

ISDA’s continuing board members consist of Michele Faissola, the global head of rates for the global markets division at Deutsche Bank; Diane Genova, a managing director and general counsel at JPMorgan; Dixit Joshi, the head of equities for EMEA and Asia Pacific at Barclays Capital; Pierre-Emmanuel Juillard, the CEO of the structured finance division at AXA Investment Managers; Ted MacDonald, a managing director and treasurer at The D. E. Shaw Group; Stephen O’Connor, a managing director at Morgan Stanley; Bill Powers, a managing director and a member of Pimco’s investment committee; Riccardo Rebonato, the global head of GBM market risk and head of analytics at the Royal Bank of Scotland; Thomas Riggs, a managing director at Goldman Sachs; Eraj Shirvani, the head of fixed income for EMEA at Credit Suisse; Atsushi Takahashi, a general manager of the derivative products division at Mizuho Corporate Bank; and Lili Wang, a senior executive vice president at ICBC.

Separately, ISDA today released the results from its 2009 operations benchmark survey, which polls market participants on the state of operations in the derivatives market.

The survey results showed that trade processing has improved, especially regarding confirmations outstanding. In 2008, credit derivatives, outstanding confirmations lasted 3.8 days. That wait time is down compared with the 6.6 days it took in 2007.

“The results of the survey are of particular interest because of the increased attention to operational issues from the industry and policy makers,” Robert Pickel, ISDA’s executive director and CEO said in a release

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