Steve White New ESF Chairman

The board of directors of the European Securitisation Forum (ESF), an affiliate of the Securities Industry and Financial Markets Association, has elected Steve White as its chairman for 2008. White is co-head of European Securitisation for Morgan Stanley in London.

Rick Watson, managing director of the ESF, said, “We are very pleased that Steve will lead the association at such a crucial time in the structured credit market. The association’s work plan and focus is on restoring normal liquid market conditions. Steve’s demonstrated experience in the European capital markets as well as his extensive network of investor relationships will be key to spearheading the initiatives that the industry is currently undertaking to improve transparency and restore investor confidence.”

“As difficult market conditions persist, I look forward to working with the ESF as we pro-actively engage with the European authorities, national regulators and central banks and with market participants to try to bring normality back to the markets,” confirmed White.