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GLEIF Board of Directors
Gerard Hartsink was appointed by the Financial Stability Board as Chairman of the GLEIF Board of Directors.
Mr. Hartsink serves as member of the World Trade Board that has the objective to enable global trade.
He is active in organizations promoting e-commerce (member of the Digital Economy Commission of ICC) and e-government (member of the Forum Standaardisatie of the Dutch Government).
He has broad experience in the payments, securities and forex industry. He served as the Chairman of CLS Bank International, the European Payments Council and of the RMG of ISO 20022 and as Board Member of SWIFT, LCH.Clearnet Group, Euroclear Netherlands, Euro Banking Association (EBA) and Electronic Commerce Platform Nederland.
As former Senior Executive Vice President of ABN AMRO Bank he has over thirty years experience in sales, product development, regulatory affairs, information management and operations.
He holds MA degrees in political economy from the University of Amsterdam and in law from the Free University in Amsterdam.
Vice Chairman & CEO of SIMAH Rating Agency (Tassnief) from October 2017
From March 2004 until September 2017 Nabil Al-Mubarak was Co-Founder & Chief Executive Officer (CEO) of the Saudi Credit Bureau (SIMAH). In addition, he was Chairman of QARAR Company from 2012 until 2017, and VEDA@SIMAH Company from 2014 until 2017.
He serves as Board Director of the Global Legal Entity Identifier Foundation (GLEIF) since 2014, and was Member of the International Committee for Credit Reporting (ICCR) in the World Bank from 2009 until 2017.
Mr. Al-Mubarak has over twenty years of experience in banking & credit at the Saudi Arabian Monetary Agency (SAMA) and Saudi Credit Bureau (SIMAH) and as member of many committees in the KSA.
Mr. Al-Mubarak holds a Master degree in Information Management and Finance from the University of Westminster, United Kingdom, and is a Certified Public Accountant from SOCPA. He holds a Bachelor degree in Accounting from King Saud University, Saudi Arabia. He also attended many high executive management training programs such as IMD & INSEAD.
Based in Australia, Sandra Boswell has over 25 years of experience as a specialist working with companies who undertake innovation in Australia assisting them with seeking Government grants and funding to undertake novel projects.
Sandra was a partner for 15 years with PwC Australia retiring in 2018. During that time she led businesses within PwC and was also a member of the Australian Governance Board of Partners. She chaired the Finance and Operations (Audit) Committee whilst on the Board and was a member of several other committees. In 2017 she was appointed as a member of the PwC Asia Pacific Board. She is currently a Director and National Leader of Innovation and Incentives at Glasshouse Advisory, part of the Xenith IP group working with companies across sectors on their innovation strategies and assisting them in seeking both direct and indirect Government funding.
Sandra has worked with the Australian Government with regard to innovation policy and administration and has assisted with the drafting of legislation and policy on attracting innovation investment to the country. She believes that innovation is vital to a healthy robust economy. She has worked with companies in the digital economy and financial services sector particularly fintech with relation to the development of new technologies in this sector.
Sandra is also a non executive Director of the Heart Research Institute and the Sisters of Charity Foundation both based in Australia.
Sandra has a Bachelor of Economics (social sciences) from the University of Sydney.
CEO and Founding Partner: Tahoe Blue Ltd
Jefferson Braswell is the CEO and Founding Partner at Tahoe Blue Ltd, and has been successfully providing leading-edge business solutions for the financial sector for over 30 years. Tahoe Blue Ltd provides advisory and professional services for the design and implementation of risk management systems and enterprise data management solutions for the financial industry.
Mr. Braswell is a member of the Board of Governors of the ACTUS Financial Research Foundation, and has contributed to many financial standards efforts, including the Aggregation Feasibility Study Group (AFSG) organized by the Financial Stability Board.
Mr. Braswell was an active coordinator of the FSB LEI Private Sector Preparatory Group (PSPG), and editor of the compiled PSPG recommendations and requirements analysis delivered to the then newly formed LEI Regulatory Oversight Committee (LEI ROC) in January 2013.
As co-founder and President of Berkeley-based Risk Management Technologies (subsequently acquired by Fair, Isaac Corporation), he designed and led the successful development of advanced enterprise risk management solutions for many of the world's largest financial institutions, including Wells Fargo, Credit Suisse, Chase, PNC, Sumitomo Mitsui Banking Corporation, Mellon, Abbey National, Wachovia, Union Bank and ANZ.
Mr. Braswell was a Research Assistant at U.C. Berkeley while working on a Masters in Electrical Engineering and Computer Science and he has a B.A. in History from Princeton University in 1970.
Chairman: China Financial Computerization Corporation
Bo Chen has been Chairman of China Financial Computerization Corporation since 2013. He is responsible for the operation and development of all 21 departments, including the Financial Assessment Center, Data Backup Center, Financial Standardization Center, Financial Informational Research Institute.
Mr. Chen has rich experience in practice. He has nine years of experience at the Credit Reference Center of the People’s Bank of China where he was responsible for the management of IT and technical planning and was in charge of several business departments. In addition, since 1995 he has worked for several relevant internal departments and enterprises and institutions directly under the People’s Bank of China. In these roles he was responsible for the operation of the financial IT infrastructures of financial networks, settlement systems, and the State Treasury System, and the construction of Credit Information Fundamental Database.
Mr. Chen holds a PhD in Management Science and Engineering and a MA degree in Communication and Network from Dalian University of Technology.
Research Fellow: Korea Capital Market Institute
Changmin Chun has been working for the Korea Capital Market Institute (KCMI) since 2011. In the KCMI, Mr. Chun is mainly in charge of legal research of a wide range of regulatory issues in relation to capital markets and counsels to the financial supervisory authority and the major infrastructures in capital markets.
Before joining the KCMI, Mr. Chun worked for almost 9 years for the Korea Securities Depository (KSD), the sole central securities depository in Korea. In the KSD, Mr. Chun dealt with the several back-office practices with regard to the beneficial shareholders' rights exercise, CSD-linkages, local custodian operations, international securities transactions, etc. Mr. Chun is also currently serving as member the Committee of Capital Market Investigation and Deliberation that is one of the key committees of the Korea financial supervisory authority, i.e the Financial Supervisory Commission. Since 2014, Mr. Chun has been also serving as Secretary General the Korea Private International Law Association.
Mr. Chun got his doctoral degree (Dr. iur.) from the University of Hamburg in Germany with the grade of summa cum laude. His doctoral dissertation has been published by Springer Verlag with the title of “Cross-border Transactions of Intermediated Securities: A Comparative Analysis in Substantive Law and Private International Law”. He also studied at McGill Univesity in Canada and University of Minnesota in the U.S. for his LL.M. degrees.
MD Corporate Regulatory Strategy and Policy: JP Morgan Chase
Robin Doyle has worked at J.P. Morgan Chase for over 20 years and is currently Managing Director, Office of Regulatory Affairs, where she is responsible for developing strategic responses to a broad array of regulatory initiatives, analyzing the impact of regulatory proposals, developing the firm's positions and preparing for the implementation of final rules.
Ms. Doyle also spent over seven years as the Chief Financial Officer for Corporate Risk reporting to the firm’s Chief Risk Officer and has worked in JPMC’s Chase Home Finance business unit and managed the firm’s Accounting Policies Group. Prior to joining J.P. Morgan Chase, Robin worked for Midlantic National Bank, KPMG Peat Marwick, and Prudential Insurance Company.
Ms. Doyle is on the NJ Junior Achievement State Board. She is a member of the Securities Industry and Financial Markets Association, the New York Clearing House, and the Risk Management Association.
Ms. Doyle has an MBA in Finance from The Graduate School of Management, Rutgers University; a BS in Accounting from Rutgers, The State University; and is certified as a CPA in the State of NJ.
Daniel L. Goroff
Vice President and Program Director: Alfred P. Sloan Foundation
Daniel L. Goroff is Vice President and Program Director at the Alfred P. Sloan Foundation, a private philanthropy that supports breakthroughs in science, technology, and economics. His interests include behavioral economics, government regulation, reproducible research, mathematical knowledge management, as well as the economics of science and higher education. Mr. Goroff is Professor Emeritus of Mathematics and Economics at Harvey Mudd College, where he served as Vice President for Academic Affairs and Dean of the Faculty. Before that, he was a faculty member at Harvard University for over twenty years. Mr. Goroff has twice worked for the President’s Science Advisor in the White House Office of Science and Technology Policy, most recently as Assistant Director for Social, Behavioral, and Economic Sciences.
Chair of Information Systems and Information Management: J. W. Goethe University Frankfurt am Main
Wolfgang König has held the Chair of Information Systems and Information Management at Goethe University Frankfurt (Faculty of Economics and Business Administration) since 1991 and since 2008 has acted as Executive Director of the House of Finance at Goethe University, an interdisciplinary research and advanced education endeavor of the Faculties of Economics and Law. Moreover, he serves as the Chair of the E-Finance Lab, a public-private research partnership with Deutsche Bank, Deutsche Börse, DZ Bank Group, FinanzInformatik, and IBM (all tier-1 partners) and 360T, Interactive Data, and usd (all tier-2 partners), also located at the House of Finance.
Prof. König earned a diploma in Business Administration and the Dr. rer. pol. degree from J. W. Goethe University Frankfurt and was appointed after that as Professor of Information Systems at the Koblenz School of Corporate Management (a private university) from 1985 until 1990 where he served as Rector from 1986 - 1988. He spent more than two years doing research in the United States at Northwestern University, Chicago/Evanston, IL, and at the IBM Research Labs in San Jose, CA, and Yorktown Heights, NY. In 2005 he received the IBM Faculty Award for his research results on risk mitigation in the context of Business Process Outsourcing.
From 1995 to 2000 he acted as speaker of a German National Science Foundation sponsored research program on “Networking as a Competitive Advantage” where he carried out research on standardization and on federated systems concepts. From 2004 - 2006 he was the Dean of the Faculty of Economics and Business Administration of Goethe University Frankfurt. Moreover, he served ten years as Editor-in-Chief of the IS Journal Business Informatics (previously known as WIRTSCHAFTSINFORMATIK). His research interests span standardization, networking and e-finance, and his publications appeared in journals including MIS Quarterly, Information Systems Frontiers, Journal of Global Information Systems, and WIRTSCHAFTSINFORMATIK (now Business Informatics).
Prof. König serves as external member of the governing Board of Deufol SE, a logistics and packaging company in Wallau, Germany and chairs the Advisory Board of entrepreneurs of DZ Bank, the head institute of the cooperative banks in Germany.
CEO: GS1 India
Ravi Mathur has been the Chief Executive Officer of GS1 India for the past 16 years and has driven adoption of global standards and best practices in India. His work with GS1 has helped enhance operational efficiencies of organizations across industry sectors and facilitate compliance with regulatory requirements worldwide.
GS1 India was setup as a standards body in 1996 by the Ministry of Commerce and Industry, Government of India, Apex Chambers of Commerce and other trade bodies. It is affiliated to GS1, headquartered in Brussels, Belgium, which oversees 111 GS1 organizations across the world.
Mr. Mathur has over 35 years of experience across Industry service sectors in varied responsibilities and functions and has been a member of the GS1 Global Advisory Council since 2001.
Mr. Mathur is the recipient of the ‘life-time achievement’ award from the Association of Automatic Data Capture Companies in 2013. He was also rewarded the ‘Retail Icon of the Year’ award at the Asia Retail Congress in 2011.
Mr. Mathur is a graduate in Mechanical Engineering from the Indian Institute of Technology, New Delhi, India. He has also undertaken a comprehensive course in International Trade and Marketing at the Indian Institute of Foreign Trade, New Delhi.
Managing Director, Transaction Banking Division, MUFG Bank, Japan
Hiroshi Nakatake has more than 25 years of banking experience, predominantly with banking technology at Japanese banks where he was responsible for derivative products, global IT governance control, cyber security control, and incident management.
At present, he is Head of Global Products in the Transaction Banking Division, as well as covering the cross-border business of corporate customers, mainly in the UK, Singapore, Thailand, Hong Kong, China, and the US.
He has served as a board member of the SWIFT since 2017, and also as a member of the Banking Service Committee and Corporate Advisory Group at SWIFT.
He is a certified project manager in Japan. He received a B.A. Degree from Kyushu University, Japan, and studied at University of Mannheim, Germany.
Alfredo Reyes Krafft
Founding Partner and Chairman: Lex Informática Abogados
Alfredo Reyes Krafft is an Executive Vice President at AMPICI (Internet Mexican Association). He is a member of the Telecommunications Law Institute, National Coordinator of ISO IEC JTC 1/SC 27/WG 2 Cryptography and security mechanisms and member of the promotion group for legislation in the area of e-Commerce (GILCE). Mr. Reyes Krafft is also a member of the Alfa-Redi community, as well as a member of the Internet Society Mexico Chapter.
Prior to joining Lex Informática, and during his 40 years of professional experience, Mr. Reyes Krafft has held positions such as Legal Comptroller for Banco del Atlántico, NIC México Consulting Committee Member, President of the AMPICI, Innovation Concepts Regulation Director at Grupo BBVA, and GS1 México Managing Council Secretary (Mexican Association of Standards form AMECE e-Commerce).
Throughout his career, Mr. Reyes Krafft has been awarded various honors for his achievements in the area of Internet in Mexico. He was the first Mexican to obtain a CDPP Certification from the Data Privacy Institute in ISMS Forum, Spain.
Mr. Reyes Krafft has also combined his professional practice with being a professor in different institutions, such as in the Law Postgraduate Studies at the Universidad Panamericana, in the INFOTEC’s Information Technology Law M.A., in the Engineering PhD program at the Instituto Politécnico Nacional and the Instituto Tecnológico de Estudios Superiores de Monterrey – ITESM (Virtual Campus). He also served as professor at the Electronic Commerce Faculty in the Private Law PhD program at the Universidad de Salamanca.
Mr. Reyes Krafft holds a Cum Laude Law PhD from the Universidad Panamericana, as well as Postgraduate Studies in Business Management at the Instituto Panamericano de Alta Dirección de Empresas. He is a specialist in Contracts and Damages from the Universidad de Salamanca in Spain. He is author of several books regarding legal matters in the area of Information Technology, Data Protection, and Personal Data Management.
Bruno Schütterle is an independent consultant.
Mr. Schütterle has held a number of senior positions during his 40 years career in the financial services industry including being a founder and non-executive Board Member of EBS Ltd (a global FX electronic broker) and Head of Strategic Procurement at Bank Julius Bär Ltd for Information Systems and Market Data.
In his work with the not-for-profit organization SIPUG (Swiss Information Provider User Group) he is involved in IP and copyright issues in particular on the misuse of IP and copyrights by market vendors and other organizations in the European Union and in Switzerland.
During his employment with Swiss Bank Corporation (SBC) Bruno was Head of Collateralized Trading Switzerland/Europe and responsible for FX and bullion in SBC’s Capital Market and Treasury and senior positions in FX and bullion trading spot and forwards with Union Bank of Switzerland.
Creator of Opportunities at ConsenSys
Monica Singer is a Chartered Accountant (CA) and a Fellow of the Institute of Directors.
She was the first CEO of South Africa’s Central Securities Depository (CSD), Strate (Pty) Ltd which she set up in 1998. Strate provides electronic clearing, settlement and depository functions for the JSE and other stock exchanges in South Africa, which includes equities and bonds and also money market instruments.
In August 2017 Monica resigned as the CEO of Strate and all related board positions so she could concentrate in bringing blockchain technology to all relevant industries.
In October 2017, Monica was appointed as “Creator of Opportunities” to ConsenSys being an international venture production studio using blockchain technology to build distributed applications on the Ethereum world computer.
Monica is also a Patron of the Corporate Governance Framework (CGF) Research Institute in South Africa.
Monica held numerous board and advisory positions. She was the Vice President of the African Middle East Regional Association of CSDs (AMEDA) and a member of the World Forum of CSDs (WFC). She was also involved in a number of charitable organisations including Strate Charity Shares and chaired for 10 years Afrika Tikkun Investment Trust.
Monica previously worked at the World Bank in Washington DC in 1995/96 and was the Technical Director of the South African Institute of Chartered Accountants (SAICA) from 1990 to 1996.
CoFounder and CEO: OpenCorporates
Chris Taggart is the Co-Founder & CEO of OpenCorporates, the largest open database of companies in the world.
Mr. Taggart has played an active role in the LEI System since serving on the initial Industry Advisory Panel which helped advise on the G20 Recommendations that form the founding document of the global LEI system.
A former journalist and magazine publisher, he has been working exclusively in the field of Open Data since 2009.
Former Principal Adviser: DG FISMA, European Commission
Elemér Terták had been until his retirement in February 2016 Principal Advisor at the Directorate General for Financial Stability, Financial Services and Capital Markets Union (DG FISMA) (former DG MARKT) of the European Commission. Beforehand he served for six years as Director, Financial Institutions at the same DG.
Prior taking up his assignment in 2005 at the Commission he worked in his native country for more than one and a half decade in high ranking positions both in the banking industry and in the public sector. He has been CEO of the Dresdner Bank Hungary and of the KDB Bank, Hungary from 2002 to 2003 and from 1995 to 2001 respectively. He has served as Deputy Secretary of State in charge for regulation from 2001 to 2002 and had been the Permanent Secretary of State at the Ministry of Finance, Hungary, from 2003 to 2004. Elemér Terták was the first Managing Director of the National Deposit Insurance Fund of Hungary from 1993 until 1995.
In addition to his professional functions, Elemér Terták holds several honorary positions. He is a Board Member of the Hungarian Association of Economists, and of the Association of Hungarian Controllers. He has also been a member of various other Boards including the Budapest Stock Exchange, the Hungarian Banking Association, the Government Debt Management Ltd., the Student Loan Ltd. and is a registered arbitrator at the Financial and Capital Market Arbitration Court in Budapest.
He has graduated in 1978 from the Marx Károly University of Economics, Budapest in economics, and obtained a doctoral degree in economics from Budapest University of Economics in 1998. He is proficient in English and German, and has basic language knowledge in French and Russian.
Kam Keung Tse
CEO: Tradelink Electronic Commerce Limited
Mr. Tse was first appointed as an Independent Non-Executive Director of the Company in March 2013 and subsequently took over the CEO position in July 2015. As a result, he has also become a director of the Company's various subsidiaries and associates. He has also been elected as the Vice Chairman of the Pan Asian e-Commerce Alliance since January 2017, a regional trade group for the e-commerce sector partly founded by Tradelink in 2000.
Before joining the Company, Mr. Tse has worked mostly in the financial services industry, covering the Asia Pacific region. He began at State Street in 1993 to develop and lead its investment servicing business in the region and was the first international officer to get promoted to Executive Vice President in 2002. He completed his career there as an advisor till early 2015. Before State Street, he had worked for Standard Chartered, Ogilvy & Mather, Baring Securities and the Hong Kong Government.
Mr. Tse has served on many outside boards and committees. He is currently on the Process Review Panel of the Financial Reporting Council, the Hang Seng Index Advisory Committee and the Investment Committee of Hopu Fund. He also serves on the governing boards of the New Life Psychiatric Rehabilitation Association, Lawrence University and Lee Woo Sing College of the Chinese University of Hong Kong.
Mr. Tse received the CW Chu Scholarship to study in the US and obtained his BA from Lawrence University. He got his MBA from the Chinese University of Hong Kong and also got the Government's sponsorship to obtain his MPA from the University of Hong Kong. He is a Fellow of the Australia Institute of Management Accountant and a full member of the Australia Institute of Public Accountants and the UK Institute of Financial Accountants.
Henrique de Rezende Vergara
Sole partner at HVergara Advocacia
Henrique de Rezende Vergara is sole partner of his law firm HVergara Advocacia. Before that, Mr. Vergara was a senior partner of Motta, Fernandes Advogados, a Brazilian law firm, where he developed his practice in corporate and securities law.
Mr. Vergara has 20 years of professional experience in the Brazilian Capital Markets, having occupied positions both in the public and private sectors. He began his career as an attorney at the Comissão de Valores Mobiliários – CVM, the Brazilian Securities Commission, where he served as General Counsel, in charge of the Commission’s legal department, and as the head of the Market Regulation Office.
Mr. Vergara has worked for many years as General Counsel of the Brazilian securities and derivatives exchanges, where he actively participated in strategic projects such as the demutualization of BM&F, the former Brazilian derivatives exchange, and its merger with Bovespa, the former Brazilian Stock Exchange. He was also the General Secretary of the Camara de Arbitragem do Mercado – CAM, the arbitration chamber administered by B3 S.A., the new denomination of the Brazilian exchange, and is currently a member of its panel of arbitrators.
At present, Mr. Vergara is a member of the Supervisory Council of BSM – BM&FBovespa Supervisão de Mercados, the self-regulatory entity with surveillance authority over the stock and derivatives markets run by B3 S.A. He is also a member of the Board of Directors of ABRASCA, the association of Brazilian publicly listed companies.
Mr. Vergara obtained his bachelor degree in Law from the Federal University of Rio de Janeiro in 1994.
Corporate Secretary: GLEIF
Partner: Niederer Kraft & Frey
Thomas Sprecher was appointed by the GLEIF Board as Corporate Secretary.
Mr. Sprecher has been a partner of the Swiss law firm Niederer Kraft & Frey since 2001. He regularly acts as counsel to national and international foundations, associations, companies and private clients. He is a member of the Legal Counsel of SwissFoundations, the association of Swiss grant-making foundations.
Due to his vast experience in Swiss Foundation Law, Thomas was elected in 2004 as editor of the Swiss Foundation Code. He teaches at the Centre for Philanthropy Studies (CEPS) at the University of Basle and regularly speaks at professional conferences. With the Europe Institute of Zurich, he chairs a yearly seminar on foundation matters. He is the Chair and member of several Boards of Swiss foundations.
Mr. Sprecher holds PhDs both in law and philosophy and a LLM in international business law from the University of Zurich. He authored numerous books and articles especially on foundation law.
- NLGerard Hartsink
- SANabil Al-Mubarak
- AUSandra Boswell
- USJefferson Braswell
- CNBo Chen
- KRChangmin Chun
- USRobin Doyle
- USDaniel L. Goroff
- DEWolfgang König
- INRavi Mathur
- JPHiroshi Nakatake
- MXAlfredo Reyes Krafft
- CHBruno Schütterle
- ZAMonica Singer
- UKChris Taggart
- HUElemér Terták
- CN-HKKam Keung Tse
- BRHenrique de Rezende Vergara
- CHThomas Sprecher