Board of Directors

Patrick is currently responsible for securities lending trading at Morgan Stanley in EMEA, overseeing single name inventory generation across synthetic and secured financing markets for its prime brokerage and market making businesses.

Over his 17+ years tenure at the bank, Patrick has sat on sales and trading desks covering equity and credit financing, delta 1 and corporate actions trading, has championed the firm’s expansion into new markets and e-trading, and overseen the implementation of multiple regulations in the securities lending business.

Prior to joining Morgan Stanley, Patrick studied Economics at the University of Manchester.

Harpreet Bains is a Managing Director with global product responsibility for J.P. Morgan (JPM)’s Agency Securities Finance Business. As a market leading diversified global bank, Harpreet represents views as an agent lender, a prime broker, and a collateral manager.

With 23+ years of experience gained within JPM, spanning across securities lending, asset management, and risk functions, Harpreet understands product complexity, market impacts and regulations.

Harpreet was elected to the ISLA Board in 2019, active in Steering Groups and Working Groups, as well as providing an ongoing diversity, equity and inclusion focus into the Association.

Harpreet is a member of the Bank of England’s Securities Lending Committee, and co-lead for Women in Securities Finance London which Harpreet established in 2019.

Matthew Brunette is the Global Head of Financing for Norges Bank Investment Management (NBIM).

NBIM has the task of managing Norway’s natural resource wealth for both current and future generations. The fund is invested in around 9,000 companies across 70 countries. Securities lending is an important part of our investment strategy at NBIM and is also seen as a necessary component of well-functioning markets. As a long-term investor NBIM therefore have a vested interest in promoting industry initiatives that make the product and market more robust and sustainable.

Matthew has 20+ years of experience at NBIM, not just in securities finance, but also across equity trading and portfolio management. Matthew has a keen interest in the risk management aspects of securities lending, and in ensuring these are understood and anchored across any lending program and its stakeholders.

As Managing Director and Head of the Cash and Collateral Trading & Management Division, Ueli is responsible for the liquidity management of the bank, the CHF short term interest rate products including securities lending and repo, as well as the overall collateral management.

Zürcher Kantonalbank have been active participants in the securities finance market for many years with a broad scope and have accumulated an in-depth understanding for the market.

Ueli holds a Swiss federal diploma in business administration, is a Certified International Investment Analyst, and has an executive MBA from the University of Zurich in general management. Ueli is also a lecturer on the topics of securities lending, repo, and collateral management at the Swiss training centre for investment professionals.

For more than two decades, Keren has been dedicated to capital markets: first, as a trader at a pioneering, algo-trading company; then as a regulator at a major stock exchange; and currently serving as Deputy CEO of Sharegain, a global capital markets fintech that aims to democratise securities lending.

Keren brings a proactive and steadfast commitment to champion the perspectives of the next generation of securities lending experts, innovators, and leaders.

Adnan Hussain, Global Head of the Agency Lending Program at HSBC, is a representative of the bank across agency and principal businesses within the Markets and Securities Services division.

Adnan has been an active member of the securities financing industry throughout his career and is passionate about seeing the function expand by way of new asset classes, countries, regions, and the product itself. Adnan joined HSBC in November 2019, within his current role, and has 20 years + of relevant experience.

Prior to joining HSBC, Adnan worked within BNP Paribas Securities Services, responsible for Market & Financing Services in the UK, along with being Head of Agency Securities Lending globally.

Prior to that, Adnan held senior roles with RBC and CIBC Mellon in Toronto. He holds a Master of Laws (LLM) from the University of Toronto and is also a Certified Public Accountant (CPA) from Canada.

At BlackRock, Stefan Kaiser is responsible for business strategy and regulatory engagement of the securities lending business, as well as the servicing of securities lending clients in both EMEA and APAC. This includes all securities lending client relationships across retail, ETF and institutional client channels.

Stefan’s service with the firm dates back to 2005, including the years with Barclays Global Investors (BGI), which merged with BlackRock in 2009. Prior to joining BGI, Stefan worked for Commerzbank in a variety of positions, including Mergers & Acquisitions, Corporate Banking, Investor Relations and Asset Management in London, Shanghai, Frankfurt and Singapore. Stefan earned a BA degree in finance and an MSc in business management and economics.

Stefan has served on the ISLA Board in the previous term and contributed to many of the initiatives around sustainability and regulatory proposals that impact end-investors.

Mathew McDermott is Global Head of Digital Assets at Goldman Sachs International.

Mathew serves as a member of the Goldman Sachs International Asset and Liability Committee and the Goldman Sachs International Bank Management Committee. Previously, Mathew was global head of Cross Asset Financing. He joined the firm as a Vice President in 2005 in the European Special Situations Group in London and was named Managing Director in 2010.

Prior to joining the firm, Mathew worked at Morgan Stanley in the Securitized Products Group, focusing on structuring, financing, and risk management.

Mathew earned a BA (Hons) in Accounting and Finance at Nottingham. He has been a member of the Chartered Institute of Management Accountants since 1999.

Mathew has been at Goldman Sachs for 17+ years and has run several businesses where securities finance has been at the heart of those, including his current role as Global Head of Digital Assets, where a key strategic focus is on digitising the securities finance markets.

Matthew Neville is the Head of Agency Lending Trading for EMEA at State Street.

Matthew is responsible for global clients across equities and fixed income products and has over 20 years securities finance experience spanning both agency and principal trading, sales, collateral management, and funding optimisation.

Prior to joining State Street in 2009, Matthew held various positions in trading and collateral management at Morgan Stanley and J.P. Morgan. He is a Chartered Member of the Chartered Institute for Securities and Investment.

Adam Slark is Global Head of Investment Management Derivatives Operations at Fidelity International.

As a part of this role, Adam manages the firm’s securities lending programme and securities financing activities. With 20+ years’ experience of financial markets and the asset management industry, Adam has led teams and projects within the buy-side front office environment with the majority of that time focused on the derivatives and securities financing markets.

Having been Fidelity’s member representative at ISLA for a number of years, Adam is a key contributor to working groups that focus on regulatory change impacting the securities lending markets, especially in relation to the asset management sector and regulated mutual funds.

Geraldine Trippner is Head of Financing Solutions for Global Market Sales at Société Générale.

After 20+ years as a repo and cash trader, mostly focused on European government bonds, in 2013, Geraldine spent a one-year studying public policy to better understand our regulatory environment and its drivers. Upon retiring from trading, she became a financial engineer, responsible for fixed income and currencies (FIC) financing, pivoting to the new environment and the associated challenges. Geraldine aimed to reconcile internal constraints with clients’ needs and specificities, explaining why and how regulation will force the market to evolve. Geraldine subsequently moved to a sales role, covering both FIC and equity derivatives, to head global market sales for financing.

Geraldine is a member of the Global Market Sales Exco and is also responsible for optimizing the leverage ratio regarding commercial activities.