Isda adds buy-side members to board for first time

These are Pierre-Emmanuel Juillard, head of the structured finance division at Axa Investment Managers, Ted MacDonald, treasurer at the DE Shaw group, and Bill Powers, a member of Pimco's investment committee. They join 19 other board members drawn from the financial industry.

"These appointments reflect the importance of the role of investment firms within the privately negotiated derivatives business," said Robert Pickel, chief executive at Isda in New York.

See also: Cash-settlement auctions working, says Isda
Buy-side firms scramble to meet novation deadline

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