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GLEIF Board of Directors
Steven A. Joachim
Mr. Joachim was elected by the GLEIF Board and became Chair in June 2020.
Mr. Joachim has over 40 years of diversified experience across the non-profit, government and private sectors with a specific focus on innovation and building financial technology products and businesses. Mr. Joachim most recently was Executive Vice President for Transparency Services for FINRA, the US not-for-profit financial regulator. There he built a business that created real time transparency for securities traded over the counter in the U.S. and the data base for regulation of those markets.
His career includes leadership roles helping to build young companies such as Plural (now Dell Professional Services) where he was Chief Operating and Chief Strategy Officer for Plural and creative uses of technology to enhance mature businesses at Merrill Lynch Capital Markets where he was First Vice President Global Equity Markets Technology, Business Manager Equity Markets and Director, Institutional Marketing.
Mr. Joachim currently serves on the US Treasury Department Financial Research Advisory Committee, Advisory Board of the Stevens Institute of Technology Hanlon Financial Systems Center and Chief Financial Officer for Smart World Productions, LLC. He has served as Chair of the International Forum for Investor Education, Member of the US Commodity Futures and Trading Commission Technology Advisory Committee, Governor on the Philadelphia Stock Exchange Board of Governors, Director on the Boards of Directors for Merrill Lynch Specialist, Inc and Wilco, Inc (now part of ADP).
Mr. Joachim has a Master of Science degree in Urban and Public Affairs (public management) and a Bachelor of Science in Mathematics from Carnegie Mellon University. He also has a Master of Arts degree in Political Science from Duquesne University.
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.
Chief Data Officer: Aldermore Bank
With over 25 years of experience in data, Hany Choueiri is currently the Chief Data Officer at Aldermore Bank heading up Advanced Analytics and Data Governance and is responsible for driving the Bank’s data strategy. Previously, Mr. Choueiri consulted on the General Data Protection Regulation (GDPR) for Central Eastern Europe, AON based in the U.K. Before AON, Mr Choueiri worked as the Bank of England’s first Chief Data Officer leading the strategic One Bank Data initiative while also representing the Bank of England at the LEI Regulatory Oversight Committee and at State Street as the Head of Data Governance and Strategy for the EMEA region.
Between 2009 and 2014, Mr. Choueiri worked in various roles at HSBC most recently as the GBM Chief Data Officer, Europe & Head of Data Quality Services where he was instrumental at spearheading the first LEI registrations for the HSBC Group of companies. Having pioneered one of the first Data Warehouses, Mr. Choueiri’s career has been centered around data and its management resulting in unique insights on the opposing perspectives of data as a risk versus data as a benefit.
Mr Choueiri obtained a Master of Science degree in Information Engineering, specialising in Robotics from the City University, London. He also studied at University College London where he obtained a Bachelor of Science degree in Mechanical Engineering. He holds a number of other qualifications including PRINCE2, MSP, IAPP CIPP/E and CIPP/US in data privacy.
Managing Director: TradeIX, Center of Excellence, Banking & Trade, Marco Polo Network
Daniel has over 30 years of experience in Global Trade Finance, Transaction Services, Banking and Technology. Daniel was the European Trade Finance Head at Citibank and the Global Head of Trade Finance and Transaction Products at ABN AMRO/RBS. Subsequently, he managed and build out the Global Trade Finance and Loans business at JP Morgan. In 2015, he founded Cotti Trade & Treasury, a consultancy firm for global trade finance.
Daniel is a Trade Finance industry expert and had industry wide, global engagements with SWIFT, BAFT, ICC and WTO organizations and is currently also the non-Executive Chairman of the Board of Bolero Intl. Ltd.
Professor of Law: Seoul National University of Science and Technology, College of Business and Technology, Department of Business Administration (GTM Program)
Changmin Chun has been teaching and researching as professor of law at Seoul National University of Science and Technology since August 2019 notably focused on the areas of capital market law, fintech law, international finance law, etc. He is also actively advising the financial supervisory authority and the market infrastructure firms in capital markets.
Before joining the University, Changmin Chun worked for the Korea Capital Market Institute (KCMI) for about 8 years. 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.
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.
Salil Kumar Jha
Independent Director: Indian Bank
Mr Salil Kumar Jha is Director of Indian Bank (a Government of India owned Bank). He is also Independent External Monitor of Oriental Bank of Commerce (another Govt owned Bank in India)
Earlier Mr Jha was Managing Director of Hindustan Aeronautics Ltd, the biggest defence & aerospace company of India where he served close to three decades. He was heading a number of manufacturing and R&D units and was instrumental in setting up of a greenfield defence electronics factory. During his tenure as MD, the company did exceedingly well in almost all parameters. He cultivated strategic partnership with Global defence majors. He has worked extensively on project and operation management areas.
He has also served as non-official Chairman/Directors of five other aerospace & defence companies. Currently, he is advising companies on merger, acquisition and setting up new facilities in the area of aerospace & defence. Earlier he worked for Engineers India Ltd, a premier engineering consultancy company and NTPC, the biggest power producing company of India.
Mr Jha is a graduate in engineering from National Institute of Technology, Jamshedpur and Master of Business Administration from Faculty of Management Studies, Delhi University.
Amy A. Kabia
Managing Director – Party Reference Data Operations: JP Morgan Chase
Amy Kabia was appointed to the GLEIF Board of Directors in June 2020. She’s a data management professional with over 24 years of experience in financial services. Ms. Kabia is the global head of Party Reference Data Operations at JPMorgan Chase (JPMC). She leads a firmwide utility responsible for the creation and maintenance of legal entity (“party”) reference data. Prior to her current role, Ms. Kabia was the Chief Data Officer for JPMC’s Treasury and Chief Investment Office function.
Ms. Kabia spent several years implementing credit risk and market risk models for regulatory capital calculations. From this experience she gained an appreciation for the criticality of reference data in managing risk. She specializes in “design for data quality,” a methodology that utilizes data architecture, operational responsibility, and control design to ensure data is created and maintained with good quality. She leverages JPMC’s Artificial Intelligence practice to improve data quality using low touch methods. She enjoys working with front office partners to demonstrate that reference data can be an enabler, not a constraint.
Ms. Kabia obtained a Bachelor of Science from the University of Colorado and is a certified Six Sigma Black Belt.
Alfredo Reyes Krafft
Founding Partner: Reyes Krafft Solís SA DE CV (LEX INF IT LEGAL ADVISORY)
Alfredo Reyes Krafft is Technical Advisor at the Mexican Internet 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 Reyes Krafft Solís SA DE CV, 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 Mexican Internet Association, 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.
Chief Executive Officer (CEO) and Partner: Manning Business Company Ltd.
Humaid Mudhaffr is one of the pioneers of the first national credit bureau in Saudi Arabia and has over 22 years of experience in information technology and the financial sector.
During his journey, he had developed credit risk analytics and scoring products supporting the expansion of consumer & commercial credit bureaus reporting systems. In due course he had been appointed as credit bureau consultant of the credit bureaus committee at the Gulf Countries Cooperation (GCC) representing Saudi Arabia, member of ACCIS, and member of IFC for responding to the Doing Business index, a tool used for ranking worldwide countries at credit information in-depth and comprehensives. Additionally, he joined the IFC credit reform group in a number consultancy sessions in Africa and Asia.
Humaid Mudhaffr is Co-Founder of “MOARIF”, the first LEI issuer in Saudi Arabia and MENA. Currently he holds the position as Director of Business Development & Studies at Government Guarantee Scheme program named as “KAFALAH”, which primary role is to enable SME’s lending in the Saudi market. During the outbreak of COVID-19, the Saudi government initiated financial stimulus programs with a total funding budget of USD 13.3 billion, where KAFALAH became a leading body for resolving SME’s growing demand for liquidity.
Humaid Mudhaffr is CEO & Co-Founder of Manning Business company that provides FinTech industry consultancy for top management, executive management, financing and operations management. He continues to hold director roles in a number of committees and private entities, such as SME Credit Committee, Al Nokhatha Brokerage Services, Tadween Retail marketplace, and a private school (not for profit).
Humaid Mudhaffr obtained a Bachelor degree from the Southern University in New Orleans, and had executive and professional trainings at IMD, & INSEAD about strategic planning, executive management, enterprise finance management, operations, supply chain and organization development.
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.
Chair: European Payments Council
Since January 2017, Javier Santamaría is an independent professional and, as such, he chairs the European Payments Council, the association in Brussels that manages the SEPA payment schemes, and Iberpay, the company in Madrid that manages the Spanish automated clearing house.
During decades as a bank employee, Mr Santamaría accumulated a broad and balanced expertise in the intertwined dimensions of payments – business-related, operational, technical – across different client segments and product lines, in the legacy and the innovative spheres, which he now further develops as an independent self-employed professional. He has been immersed in both cooperative and competitive environments. Besides payments, he is interested in other banking fields and continues to be actively engaged in academic matters. Former Head of Operations and Business Services, he was Senior Vice President at Banco Santander until December 2016. He was a member of the Board of the Euro Banking Association and a Director of the SWIFT Board until the end of 2016. He has been a member of the Board of the European Payments Council and of Iberpay since the creation of both organizations, in 2002 and 2005, and their Chair since 2012 and 2015, respectively.
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.
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.
CEO: China International Payment Service Corp. (CIPS)
Mr. Zaiyue Xu is the CEO of China International Payment Service Corp. (CIPS), appointed in December 2018. Before joining CIPS, he served as the Executive Vice President of China Foreign Exchange Trade System (CFETS).
With rich experience in various areas including Fintech and RegTech, IT and data governance, strategic planning, etc., he has played a constructive role in the development of the Interbank Market Electronic Trading Systems in China. He took charge of the development of more than ten key inter-bank electronic platforms, such as Foreign Exchange Trading System, Inter-bank RMG Trading System, Gold Trading System, and Shibor (Shanghai Interbank Offered Rate) System. He has also promoted the research of core technical areas of electronic platforms and has led his team to apply for patents and intellectual property based on the work above. As Executive Vice President of CFETS, he has developed overall technical missions and strategies, enhanced the level of IT governance, constructed a team with expertise of construction of inter-bank market and promoted cooperation on research and training with various university and research institutions. As member of China Financial Standardization Technical Committee (CFSTC) and convener of Interbank Technical Standardization Working Group, he has led the work of standard drafting and implementation of China Interbank Market.
In addition, he has rich experience of international and cross-cultural engagement. He has taken an active part in the activities of ISO TC68. In November 2018, after serving the role of vice convener of ISO 20022 Foreign Exchange Standard Evaluation Group (FX SEG) for five years, he was elected convener of ISO 20022 FX SEG, with the responsibility of coordinating the work of experts from 11 countries or liaison organizations. In November 2017, he hosted ISO 20022 RMG Shanghai meeting, with 33 delegates from 26 countries and organizations. He initiated the submission and development of eight ISO 20022 messages on FX post-trade trade confirmation and FX trade capture. Since their release in 2016, these eight messages have been well implemented in the post-trade confirmation system of China inter-bank market. He also organized drafting ISO technical specification “Web Service based APIs in Financial Service”, joined ISO TC68/SC9/WG2, and led the work of UNIFI modeling of Inter-bank Market Information Exchange Protocol (IMIX) in multi-standard semantics portal project of ISO/TC68/SC9/WG1.
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.