News In brief

Isda includes buy-side members

The International Swaps and Derivatives Association has elected three buy-side members to its board for the first time in the organisation's history.

They are Pierre-Emmanuel Juillard, head of the structured finance division at Axa Investment Managers, Ted MacDonald, treasurer at the DE Shaw group, and Bill Powers, a member of Pimco's investment committee.

They join 19 other board members drawn from the financial industry.

"These appointments reflect the importance

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