The International Swaps and Derivatives Association (ISDA) has appointed David Shone as director of product, data and digital, effective 17 July 2023.
Based in London, Shone will lead and drive the product vision, strategy and execution for the Association’s data and digital products.
Entering the role on 17 July 2023, Shone will report to Alan Milligan, head of data and digital at ISDA.
Shone was formerly director of digital affairs at the International Securities Lending Association (ISLA). He spent three years at ISLA contributing to the Association’s work on the Common Domain Model (CDM), and encouraging digitalisation and standardisation within the securities finance market.
He is recognised for forming the ISLA Digital Asset Working Group — a subgroup of the Digital Steering Group — his thought leadership paper on Tokenisation which was published in April 2023, and working with legal services to push for the expansion of the Global Master Securities Lending Agreement (GMSLA) to cover digital assets.
Shone became a full-time director of market infrastructure and technology at ISLA in January 2021, where he was responsible for the ongoing development and implementation of the CDM, as well as the production of a clause library and taxonomy for the GMSLA.
He first joined ISLA in June 2020 to support the Association’s digital working group — which had been launched two months prior in April — as a contract consultant, at the time operating through his consultancy firm DASHMAX Ltd. (now defunct).
Prior to this, Shone served for six years at State Street where he led the development of its Securities Financing Transactions Regulation (SFTR) solution.
Shone previously worked within equity derivatives for seven years between UBS and Barclays.
