Ashley Alder Appointed Chair Of The New IOSCO Board

The International Organization of Securities Commissions (IOSCO) is pleased to announce the appointment today of Mr. Ashley Alder as Chair of the new IOSCO Board. 

Mr. Alder, the Chief Executive Officer of the Securities and Futures Commission (SFC) of Hong Kong and Vice Chair of the IOSCO Board, was appointed Chair during the Board’s inaugural meeting at IOSCO’s Annual Conference in Lima.

Mr. Alder will replace Greg Medcraft as Chairman of the Board and will be succeeded as Vice President by Mr. Jean-Paul Servais, Chairman of the Financial Services and Markets Authority of Belgium. Mr. Ranjit Ajit Singh, Chair of the IOSCO Growth and Emerging Markets Committee,   continues ex oficio as the other IOSCO Board Vice Chair. Mr. Singh is the Chair of the Securities Commission Malaysia.

The new Board acknowledged Mr. Medcraft’s significant contribution to IOSCO. During his three-year tenure, IOSCO reinforced its position as the key global reference point for securities markets regulation. The organization increased its work on risk identification and mitigation, and assisting members in building capacity and cooperating among themselves to develop, supervise and enforce laws in their jurisdictions. Under Mr. Medcraft’s leadership, IOSCO was also an active advocate for the collective interests of IOSCO members in international fora, such as the Financial Stability Board.

Mr. Medcraft was also responsible for the 2016 - 2020 Strategic Direction aimed at ensuring that IOSCO meets its objective of enabling securities markets to fund the real economy and support economic growth. Mr. Medcraft is Chair of the Australian Securities and Investments Commission. Mr Medcraft decided not to seek a third term at IOSCO being a strong believer in two term limits and the need for periodic renewal.

Mr. Alder started his career as a lawyer in London in 1984. He moved to Hong Kong in 1989 with the international law firm Herbert Smith, and practiced corporate and business law. He was Executive Director of Corporate Finance at the SFC from 2001 to 2004, before returning to Herbert Smith, where he became head of the firm’s Asia Region. He rejoined the SFC in 2011.

Mr. Alder has long been active in IOSCO’s policy and other committee work. He was Chair of the IOSCO Asia-Pacific regional Committee (APRC) from 2013 until May 2016. During his mandate, he was instrumental in ensuring APRC’s voice was heard outside Asia, particularly regarding the impact of post-crisis regulation on Asia Pacific markets. Mr. Alder also chaired the IOSCO Task Force on Cross-Border Regulation, and he is currently chair of the Task Force on Market Conduct. 

The new Board constituted in Lima has 34 members who represent the geographical diversity of IOSCO’s membership.

Composition of the IOSCO Board 2016 - 2018

Argentina                    Comisión Nacional de Valores                                              

Australia                      Australian Securities and Investment Commission   

Belgium                       Financial Services and Markets Authority                                         

Brazil                           Comissão de Valores Mobiliários                              

China                           China Securities Regulatory Commission                              

Egypt                          Egyptian Financial Supervisory Authority                

France                         Autorité des marchés financiers

Germany                     Bundesanstalt für Finanzdienstleistungsaufsicht      

Hong Kong                 Securities and Futures Commission   

India                            Securities and Exchange Board of India

Indonesia                    Financial Services Authority                          

Ireland                         Central Bank of Ireland                     

Italy                             Commissione Nazionale per le Società e la Borsa

Jamaica                        Financial Services Commission

Japan                           Financial Services Agency                             

Kenya                          Capital Markets Authority                             

Malaysia                      Securites Commission                                    

Mexico                        Comisión Nacional Bancaria y de Valores                            

Nigeria                        Securities and Exchange Commission                                   

Ontario                        Ontario Securities Commission          

Pakistan                       Securities and Exchange Commission

Peru                             Superintendencia del Mercado de Valores                            

Quebec                        Québec Autorité des marchés financiers       

Saudi Arabia               Capital Market Authority                              

Singapore                    Monetary Authority of Singapore                             

South Korea                Financial Services Commission/Financial Supervisory Service

Spain                           Comisión Nacional del Mercado de Valores 

Sweden                       Finansinspektionen                                        

Switzerland                 Swiss Financial Market Supervisory Authority         

The Netherlands          The Netherlands Authority for the Financial Markets                       

Turkey                         Capital Markets Authority                 

United Kingdom         Financial Conduct Authority            

United States              Commodity Futures Trading Commission     

Unites States               Securities and Exchange Commission