Based in New York, Lam will report to James Kemp, global FX managing director at GFMA. The GFMA global FX division, headquartered in London at the Association for Financial Markets in Europe, was formed in June 2010 to monitor regulatory developments that could affect the foreign exchange markets and assist the industry in building the appropriate infrastructure of the future.
Lam joins GFMA from CLS Bank, the largest multi-currency cash settlement system operator, where she was senior vice-president and head of regulatory affairs. She had been responsible for liaising with the regulatory community of central banks in connection with their oversight of CLS’s global settlement system.
Prior to joining CLS, Lam was a lawyer at Sullivan & Cromwell in New York, where she worked on financing, securities issuance, mergers and acquisitions, and regulatory matters.
The GFMA joins together some of the world’s largest financial trade associations to develop strategies for global policy issues in the financial markets and promote coordinated advocacy effort.
GFMA is made up of three members: AFME; the Asia Securities Industry & Financial Markets Association; and, in North America, the Securities Industry and Financial Markets Association.