LMA names new chairman

The Loan Market Association (LMA) has elected David Slade, head of European syndicated loans at Credit Suisse in London as its new chairman.

Three new directors were also elected at the AGM on July 18: Chris Porter, head of European loan sales and trading at Bank of Scotland; Matthew Smith, head of loan trading at Deutsche Bank; and David Zell, head of debt finance and loan syndication at Iceland's Glitnir Bank.

The European loan industry is undergoing huge changes with development of loan CDS

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