The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.

ISDA names new CEO

ISDA appoints derivatives veteran Conrad Voldstad as CEO, replacing Bob Pickel.

The International swaps and derivatives association (ISDA), the derivatives industry trade body, has appointed Conrad Voldstad as chief executive officer, replacing Bob Pickel, who will move to the newly created position of executive vice chairman, effective November 30.

Voldstad is one of the pioneers of the derivatives industry, having helped build JPMorgan’s global interest rate swap group in the 1980s before moving to Merrill Lynch in 1988, where he was a member of the oversight committee responsible for liquidating Long term capital management in 1998. It’s believed that he was approached by the ISDA board to take up the position, and that no other candidate was considered for the role.

Pickel, who became CEO in 2001 after three years as ISDA’s legal counsel, will be more involved with strategic initiatives focusing on public policy and legal and documentation issues. Volstad, 59, will be more involved with the day-to-day aspects of running the association.

``The augmentation of our leadership will allow us to redouble our efforts,’’ Eraj Shirvani, ISDA chairman, told reporters on a conference call on Friday November 20. ``We welcome Connie’s experience to the board, and his appointment will free up Bob to take up strategic initiatives we’ve been talking about for sometime.’’

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree