Paul Andrews is set to step down from his role as secretary general from the International Organization of Securities Commissions (IOSCO), effective from 25 February 2021.
Andrews joined IOSCO as secretary general in March 2016, and after his departure he will return to Washington DC, where his family resides.
IOSCO said Andrews provided invaluable support and guidance for its focus on substantive market and policy issues such as asset management, crypto-assets, unintended market fragmentation and sustainable finance.
This support and guidance helped enhance IOSCO´s relevance to both members and global securities markets.
During his tenure, IOSCO strengthened and expanded its capacity building activities while increasing the collaboration among IOSCO members on key policy issues.
In addition, IOSCO said Andrews also provided critical support to the board in its efforts to ensure that the securities markets remained open and able to fund the real economy during the market turmoil caused by COVID-19.
Ashley Alder, IOSCO chair and CEO of the Securities and Futures Commission (SFC) of Hong Kong, said: “Paul Andrews has led the secretariat with distinction during a period of major change for IOSCO, during which its importance and profile as an influential international standard - setter has increased enormously.”
“Throughout this time Andrews has ensured that the secretariat has provided the highest level of technical and logistical support necessary to match the board’s determination that IOSCO plays a key role among the global standard setting bodies, particularly during a very challenging 2020.”
