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HILLSBOROUGH, NJ, December 17, 2018 /24-7PressRelease/ -- ISITC, the industry trade group focused on developing standards and best practices in financial services operations, today announced that Lisa Iagatta, Director of Account Management for Investment Services at Fiserv, will serve as the next Chair of the organization through 2020. Ms. Iagatta assumes the Chair position from Erica Borghi, who completed a two-year term in December 2018.
Most recently, Ms. Iagatta served as Vice Chair for the 2017-2018 term and has served as a co-chair on ISITC's Reconciliation Working Group since 2012. Ms. Iagatta has held numerous elected positions on the Board of Directors, including executive sponsor for the Reconciliation and Reference Data Working Groups and the Vendor Forum (2014) and Treasurer (2016). As a member of the investment community for more than 20 years, Ms. Iagatta has deep experience in front, back, and middle office operations. She has been with Fiserv since 2010, and previously held operational management roles at Columbia Threadneedle Investments, Eaton Vance Management International and Putnam Investments.
"The financial services industry has dramatically evolved during the last decade – and so has ISITC," says Iagatta. "I am honored to serve as the Chair of an organization whose members are dedicated to keeping up with a changing profession and implementing standards and best practices for the benefit of the industry at large. I'm committed to continue the great work that has been done to date to keep ISITC at the forefront of change, and I look forward to what our membership will deliver next to help drive financial services operations into the future."
Former ISITC Chair Erica Borghi says, "It has been a pleasure to serve as Chair for the past two years. ISITC has experienced great change and success over the past two years, all while continuing to deliver on our promise of developing standards and best practices for financial services professionals. I have no doubt that Lisa, with her strong leadership, creativity, and passion for the industry and organization, will make a fantastic Chair and provide the guidance and leadership necessary to build on ISITC's success in 2019 and beyond."
Iagatta will address ISITC members at the 25th Annual Securities Operations Summit on March 24-27 at the Intercontinental Hotel in Boston. The event titled "Disrupting Financial Services: Charting the Course" will cover themes such as emerging technologies, regulation, and data management, among many others. Over 300 industry professionals attend the event, which is organized to facilitate industry-wide collaboration and represents all constituencies, including investment managers, broker/dealers, custodians, utilities, and vendors.
ISITC also announced three new officers, which include Kristin Hochstein of Refinitiv, formerly the Financial and Risk business of Thomson Reuters, as First Vice Chair, Rich Robinson of Bloomberg as Second Vice Chair, and Bryan Vivaldo of Vanguard as Treasurer. Salome Winge of Northern Bank will continue to serve as Secretary.
ISITC brings together investment managers, broker dealers, custodians, utilities and technology vendors to develop and promote standards and best practices that increase operational efficiencies across the securities industry, enabling member companies to provide essential and enhanced products and services. Founded in 1991, ISITC's membership totals more than 2,000 financial services professionals representing more than 60 firms and trillions of dollars in AUM/AUA. Through its member committees and working groups, ISITC plays a direct role in shaping the future of securities operations by creating and updating market practices, and educating the membership around emerging trends in technology and regulations. www.isitc.org
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