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.

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