The Global Legal Entity Identifier Foundation (GLEIF) has appointed Steven Joachim as chairperson of the board of directors, replacing Gerard Hartsink following his departure.
In his new role, Joachim will chair the board that oversees GLEIF’s strategy and stakeholder interests to promote broader adoption of the legal entity identifier (LEI) and strengthen the organisation’s collaboration with the global banking community.
Based in the US, his appointment follows GLEIF’s recent opening of a representative office in New Jersey to consolidate North American presence.
Joachim joins from the Financial Industry Regulatory Authority (FINRA), where he held the role of executive vice president for transparency services. He has also previously served in board roles at the Merrill Lynch and the Philadelphia Stock Exchange.
Joachim commented: “The LEI has a vital role to play as the world becomes increasingly digital. I am inspired by and committed to GLEIF’s vision: to deliver one trusted unique global identifier for each business. I look forward to working with my GLEIF colleagues to achieve that goal.”
Stephan Wolf, CEO of GLEIF, added: “The huge contributions that Steven Joachim has made to the global financial and regulatory worlds, and the experience and knowledge that he has derived from his prior positions, makes him a hugely prized and well-respected addition to the GLEIF team.”
“With his expert guidance and industry contacts, the global LEI system will continue to grow in line with increasing LEI issuance volumes. I very much look forward to our future collaboration.”
