GLEIF Opens Office in US, Appoints Steven Joachim as New Board Chair
GLEIF opened an office in New Jersey, US, to extend its global reach and appointed Steven A. Joachim as the new Chairperson. Mr. Joachim, who is based in the US, joins GLEIF from the Financial Industry Regulatory Authority (FINRA), where he was Executive Vice President of Transparency Services. An immediate priority for GLEIF will be to support the close collaboration with global banking community to achieve significant benefits of wider LEI usage in banking, beyond regulatory reporting, and the use of the LEI as a foundation for digitizing unique organizational identities under a regulatory umbrella.
The new Americas office of GLEIF is located in New Jersey, in close proximity to the US financial capital, and will support the GLEIF strategy to drive broad voluntary adoption of the LEI worldwide by banks and other financial institutions. The focus of the North America team is to
- Further the organization’s "on-the-ground" engagement and collaboration with U.S. financial institutions to educate on the value LEI delivers beyond regulated use in capital markets
- Champion and support pilot programs for financial institutions wishing to use the LEI more broadly across all financial services business lines, such as trade financing, corporate banking, and payments
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Keywords: International, Americas, US, Banking, Insurance, Securities, LEI, Steven A Joachim, GLEIF Americas, Chair, GLEIF
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