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Face to Face: A new adventure

04 November 2009

Kevin McNulty has returned to the market after a two year hiatus, taking over the reins at the International Securities Lending Association. He tells why he chose now to return.

Global Investor/isf: Why did you take the ISLA job?

Kevin McNulty, CEO ISLA: After I left Barclays Global Investors in February of 2008, I did not plan on returning to the city. I wanted to do something different. Then after a year I met up with an ex colleague who mentioned that David Rule was leaving his post as CEO of ISLA to join the Financial Services Authority (FSA), and wondered whether the ISLA job might be of interest.

My first reaction was no, but on further thought, the job did interest me because it gave me the opportunity to do flexible working hours and work for a small firm. This combined with the fact that this job would bring me back to the securities lending industry but in a different and new way.Global Investor/isf: Do you foresee yourself returning to a bank at a later date?KMN: I’d never rule...


 

Poll

What will UCITS IV mean to the market?

It will increase economies of scale and reduce costs for UCITS investors
34%
It will provide more choice, transparency and investor protection
17%
It will encourage the consolidation of funds
17%
It will result in a push by firms to domicile in a single location as opposed to multiple
17%
No real effect at all
14%