The International Swaps and Derivatives Association (ISDA) has hired Scott O’Malia as CEO and director of the association, effective 18 August.
He joins from the Commodity of Futures Trading Commission (CFTC) where he held the title of commissioner.
O’Malia succeeds ISDA’s former CEO, Robert Pickel. He announced his retirement in April.
Following the appointment of O’Malia, Pickel said: “O’Malia will be a tremendous asset to ISDA in the years ahead.”
Prior to his work at the CFTC, O’Malia worked on the rules and standards for corporate risk management at GenOn Energy Holdings, formerly Mirant Corp.
Stephen O’Connor, chairman of ISDA, said: “The board is excited and confident that O’Malia is the right person to lead the industry and ISDA through the many structural changes.”
O’Malia added: “I look forward to working with ISDA’s board, staff, members and external constituencies to address the challenges and opportunities ahead.”
