The board of directors of the European Securitization Forum (ESF) has elected its new leadership for 2008 and 2009.

Cecilia Tarrant, managing director and European head of agency CMBS and consumer securitization at Morgan Stanley International , will chair the ESF for 2008 while Mark Hickey, managing director and head of financial institution debt capital markets at Royal Bank of Scotland, will act as vice-chair for 2008, and chair for 2009.

 “We are very pleased to have Cecilia and Mark’s leadership at this critical time in the securitization industry," said Rick Watson, managing director of the ESF. "The ESF is involved with a wide variety of initiatives to try to restore confidence in the European securitization markets as well as dialogues in many advocacy related areas. They not only bring an extensive experience in a wide variety of securitization markets, including different product types across different countries, but they also each have a widespread network of experience with major investors which will be essential in restoring investor confidence.”

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