Fran Garritt Email & Phone Number

United States

The International Securities Lending Association Americas (ISLA Americas) is a non-profit industry association dedicated to representing the common interests of securities lending and financing market participants across the Americas. Our members span the entire value chain, including beneficial owners, direct lenders, agent lenders, borrowers, triparty agents, CCPs, fintechs, consultants, and law firms. This diverse representation ensures a comprehensive and inclusive approach, distinguishing us from previous models like the RMA Council.ISLA Americas works closely with the industry, regulators, and policymakers to advocate for the importance of securities lending in the broader financial services sector. Through member working groups, industry guidance, consultations, and market-leading events, we aim to create and promote market best practices, legal frameworks, and securities lending guides.Drawing on the established role of ISLA EMEA, ISLA Americas is strategically positioned to mirror its level of membership benefits over time. From Day 1, we will focus on key initiatives such as T+1 settlement, SEC rule 10c-1, and the development of new markets in Latin America.Our mission is to represent our members' interests, adapt our advocacy to the evolving regulatory framework, and establish regular dialogue with key regulators and policymakers. We aim to improve transparency and education within the financial community, facilitate market structure evolution, and promote standards that support scalability, transparency, and market resilience.ISLA Americas is committed to enhancing the securities lending and financing industry, ensuring it operates efficiently and in alignment with the highest standards of professionalism.

Philadelphia, Pennsylvania, United States

• Association Leadership: Steered the association through substantial growth and transformation, particularly during COVID. Profound understanding of member dynamics and industry issues.• Advocacy and Stakeholder Relations: Cultivated strategic relationships with stakeholders, government bodies, and industry influencers, effectively representing the association's interests. Notably, collaborated with the Federal Reserve, OCC, FDIC, and SEC on initiatives such as Basel 3, reporting, collateral expansion, and fire sale risk.• Team Leadership and Development: Led and mentored cross-functional teams, fostering a culture of excellence, collaboration, and continuous improvement to elevate member engagement and satisfaction.• Innovative Product Development: Pioneered the development and successful launch of numerous member-centric products and services, consistently surpassing expectations and driving revenue growth.• Strategic Planning and Execution: Formulated and executed innovative strategic plans, aligning organizational goals with member and industry requirements to achieve success.• Member Engagement and Value Creation: Established robust member engagement strategies, resulting in improved retention rates and increased satisfaction levels.

Philadelphia, Pennsylvania, United States

• Led the initiation and implementation of benchmarking surveys across critical domains such as market risk, trading activities, counterparty credit risk, credit approval, and model validation. Delivered outstanding results with a remarkable 100%+ increase in survey participation, showcasing sustained engagement and perceived value.• Orchestrated a strategic expansion of market risk products and offerings in the aftermath of the financial crisis. This encompassed rigorous oversight of budgeting, expense/revenue monitoring, and the facilitation of professional development initiatives and peer-sharing events. The introduction of new professional development opportunities and peer-sharing events resulted in an impressive 25%+ increase in revenue, signaling the effectiveness of the strategic initiatives.

Philadelphia, Pennsylvania, United States

• As the Product Manager for Annual Statement Studies, orchestrated the compilation of over 200,000 financial statements spanning 700+ industries. Streamlined operations encompassing production, operations, and marketing/sales, resulting in an outstanding 40%+ increase in product revenue. Simultaneously, implemented optimizations in production technology and cost-efficiency, significantly enhancing the overall value proposition for membership.• Conducted advanced research leveraging Annual Statement Studies data for correlation and beta calculations. Published insightful research in distinguished journals, including The RMA Journal and The Journal of International Finance and Banking. Explored diverse topics such as credit derivatives, interest rate swaps, middle-market securitizations, and industry classification, contributing to the industry's knowledge base.• Spearheaded the analysis of risk management tools and techniques for high-impact projects involving major global financial institutions. Assumed responsibility for all production aspects, from survey design to data interpretation, analysis, and presentation, ensuring the successful execution of projects.

Doylestown, Pennsylvania, United States

• Successfully compiled and managed 64 distinct budgets totaling $45 million annually, covering salary and benefits for a workforce of 630 employees. Ensured meticulous compliance with local regulations and organizational guidelines, demonstrating a commitment to financial precision and compliance.• Developed sophisticated financial models that showcased alternative revenue and expenditure scenarios. This strategic approach aimed to optimize program effectiveness, minimize financial inaccuracies, and reduce labor costs. The implementation of these models underscored a proactive approach to financial management, enhancing overall efficiency and resource allocation.

Mba, International Business And Finance

Bs, Economics

Executive Education, Advanced Risk Management