Chairs of the Committees

Mr. Ashley Ian Alder

Mr. Ashley Ian Alder, Chair of the IOSCO Board

Ashley Alder is the Chief Executive Officer of the Hong Kong Securities and Futures Commission. Mr. Alder came to Hong Kong in 1989 with the international law firm Herbert Smith, practicing corporate and business law. He was Executive Director of Corporate Finance at the SFC from 2001 to 2004, before returning to Herbert Smith, later as head of the firm's Asia Region. He rejoined the SFC in 2011.

Mr. Alder attained his Bachelor of Laws degree from the University of London in 1982 and graduated from the University of Cambridge with a Master of Laws degree in 1983.

Mr. Ranjit Ajit Singh

Mr. Ranjit Ajit Singh, Vice Chair of the IOSCO Board, Chair of the Growth and Emerging Markets Committee (GEMC)

Ranjit Ajit Singh is the Executive Chairman of the Securities Commission Malaysia (SC). He was previously Managing Director of the SC and has over 20 years' experience in the field of finance and securities regulation. He has played a key role in international securities regulatory policy work through his positions at IOSCO.

Mr. Singh currently chairs the Securities Industry Development Corporation, the Malaysian Venture Capital Development Council and the Capital Market Development Fund. He is also the Vice Chairman of the Asian Institute of Finance and a member of the Board of the Labuan Financial Services Authority and the Financial Reporting Foundation. Mr. Singh is trained as a financial economist and accountant. He was conferred the degree of Doctor of Laws honoris causa by Monash University Melbourne. He is a fellow of CPA Australia. He has had prior working experience in Australia and Malaysia in academia, consulting and accounting.

Mr. Jean-Paul Servais

Mr. Jean-Paul Servais, Vice Chair of the Board, Chair of the European Regional Committee (ERC) and Chairman of the Finance and Audit Committee

Jean-Paul Servais is Chairman of Belgium's Financial Services and Markets Authority (FSMA), and a member of the Board of Supervisors of the European Securities and Markets Authority (ESMA). At ESMA, Mr. Servais also serves as Chair of the Financial Innovation Standing Committee (FISC), which is responsible for monitoring the trends in financial innovation and in FinTech. FISC advises on guidelines and recommendations, product intervention and other measures to prevent inappropriate financial innovation that may cause a disadvantage to consumers or pose a threat to financial stability.

Mr. Servais is a member of the European Systemic Risk Board (ESRB) and of the Euronext College of Regulators.

Dr. Obaid S. Al Zaabi

Dr. Obaid S. Al Zaabi, Vice Chair of the Growth and Emerging Markets Committee

HE Dr. Obaid Saif Hamad Al Zaabi is the Chief Executive Officer of Securities and Commodities Authority (SCA) and has over 28 years of work experience in financial legislation, accounting, banking, finance and investment, and Shari'ah-compliant finance from many leading financial institutions in the United Arab Emirates, such as the U.A.E. Central Bank, Dubai Islamic Bank, Amlak Finance, and the Securities and Commodities Authority (SCA). He has been working with SCA since year 2008 and has handled various roles and responsibilities and various challenging assignments.

Dr. Al Zaabi earned his PhD in Banking & Finance from Durham University, UK in 2006 and a distinction in his MBA from (AASTM-ALO) in 2000. He graduated from the UAE University in 1989 with a BSc. in Business & Accounting. Mr. Al Zaabi is also a full member of the Australian Institute of CMA, the Auditing & Accounting Organization for Islamic Financial Institutions (CIPA) and the UAE Auditors and Accountants Association. He represents the Gulf Regulatory Authorities in the International Federation of Accountants (IFAC) as member of the Consultative Advisory Groups of the International Auditing and Assurance Standards Board (IAASB) as well as the International Ethics Standards Board for Accountants (IESBA). Mr. Al Zaabi is a member of the board of directors of the GCC Accounting and Auditing Organization (GCAAO).

He has been accorded with various awards and recognition including "Middle East Financial Markets Excellence Award" by The Middle East Excellence Awards Institute, 2016 and "Distinguished Chief Financial Officers (CFOs) in the Financial Sector" award offered by the British Magazine "Finance Monthly", 2016. Dr. Al Zaabi has also delivered a series of keynote lectures and courses to both undergraduate and post-graduate students at Sharjah University and the British University in Dubai.

Dr. Ünal Eryilmaz

Dr. Ünal Eryilmaz, Vice Chair of the Growth and Emerging Markets Committee

Dr. Ünal Eryılmaz is the Board Member of Capital Markets Board of Turkey (CMB). His main focus areas are financial regulation and international affairs at the CMB.

During his career he served as the Director General at the Turkish Prime Ministry and was responsible for legislation development and publication, coordination of economic and financial legislations of different regulatory authorities and ministries as well as collaboration with the European Union Authorities in the implementation of EU directives in Turkish financial markets.

Dr. Eryilmaz has also worked in the OECD as an Economist during the years 2012-2013. He served as teaching assistant in the Department of Economics of Kansas University where he earned his master's and doctorate degrees.

During his education and work experience, he published various articles in relation to economic sciences and foreign trade and he also has various studies pertaining to the global economy and EU politics.

Mr. Paul Murithi Muthaura

Mr. Paul Murithi Muthaura, Chair of the Africa / Middle-East Regional Committee

Paul Murithi Muthaura has been leading the Capital Markets Authority (CMA) of Kenya since July 2012. In this period, the CMA has been recognized as the Most Innovative Capital Markets Regulator in Africa for three consecutive years, from 2015-17.

Mr. Muthaura is a member of the Board of the International Organization of Securities Commissions (IOSCO) and the Chair of the Africa/Middle-East Regional Committee (AMERC) of IOSCO. He is also a member of the Consultative Committee of the East African Securities Regulatory Authorities (EASRA). At the national level, he sits on the boards of the Insurance and Pensions regulator as well as the Vision 2030 Delivery Board.

Paul previously worked as an Emerging Markets Advisor with the General Secretariat of IOSCO and as a senior commercial associate with the law firm of Daly and Figgis Advocates. In his time with the CMA, he has held the positions of Head of Legal Framework, Head of Enforcement and Director, Regulatory Policy and Strategy.

Mr. Muthaura is an Advocate of the High Court of Kenya and an Honorary Fellow of the Institute of Certified Public Secretaries of Kenya. He is the holder of an LLb from the University of Warwick, LLM in Banking and Finance Law from the London School of Economics and Political Science and MPhil from the Maastricht School of Management.

Mr. Jun Mizuguchi

Mr. Jun Mizuguchi, Chair of the Asian-Pacific Regional Committee (APRC)

Jun Mizuguchi is Deputy Commissioner for International Affairs, Financial Services Agency of Japan (JFSA). Concurrently, he is responsible for the supervision of the securities sectors, including broker-dealers and asset managers and also leads agency-wide projects on conduct risk management and crypto-currency.

Prior to assuming the current responsibility, Mr. Mizuguchi was Director for Strategy and Policy Coordination at the Securities and Exchange Surveillance Commission (SESC) of Japan for surveillance and enforcement, and before that, he served as Assistant Commissioner for International Affairs at JFSA in charge of financial market infrastructure and derivatives market.

Mr. Mizuguchi served as Vice Chair, Regulatory Oversight Committee (ROC) of the Global Legal Entity Identifier (LEI) System from 2013 to 2016. He was a member of the Secretariat of the Financial Stability Forum (transformed to the Financial Stability Board in 2009) for four years in Basel, and also served as Executive Assistant to the President of the Asian Development Bank for three years.

Mr. Mizuguchi earned master degree in public policy at Harvard Kennedy School. He obtained his bachelor of law degree from the University of Tokyo.

Mr. Marcos Ayerra

Mr. Marcos Ayerra, Chair of the Inter-American Regional Committee (IARC)

Marcos Ayerra is the Chairman of the Comisión Nacional de Valores of Argentina (the Argentine Securities & Exchange Commission). He was appointed by President Mauricio Macri in December 2015 for a five-year term.

Mr. Ayerra has over 25 years of professional experience in the financial and corporate sectors, where he participated in mergers and acquisitions, project financing, debt placements and restructurings, capital markets, and corporate development.

During his career, Mr. Ayerra worked for leading domestic and international companies, including Chase Manhattan Bank, Chase Securities Inc., Infupa, Telecom Argentina, and Biosidus.

Mr. Ayerra earned a Business Administration degree from the Business School of the Argentine Catholic University and completed the PAD Program for executives at IAE Business School.

Ms. Karen K. Wuertz

Ms. Karen K. Wuertz, Chair of the Affiliate Members Consultative Committee (AMCC)

As NFA's Senior Vice President of Strategic Planning and Development, Ms. Wuertz is responsible for NFA's international activities, Member educational initiatives, investor education, corporate communications, media, and legislative issues. Ms. Wuertz joined NFA as it was being created. Throughout her NFA career, Ms. Wuertz has had extensive experience in the areas of rule-making, examinations, investigations, system development and enforcement.

Ms. Wuertz also had the opportunity to step aside from her derivatives regulatory career to lead the development and construction of a 33 story office tower in Chicago. This experience prepared Ms. Wuertz to tackle the unexpected, to negotiate and build consensus among many entities with various motives, build extensive networks, and manage budgets and spending of hundreds of millions. Ms. Wuertz also spent part of her career at the Chicago Stock Exchange overseeing its financial operations.

Ms. Wuertz is currently Chair of the Affiliate Members Consultative Committee of the International Organization of Securities Commissions (IOSCO). She co-chaired an IOSCO subcommittee to develop and publish a formal paper entitled "Model for Effective Self-Regulation".

She holds a CPA in Illinois, a Masters in Management from the Kellogg Graduate School of Management at Northwestern University and a Bachelor of Science degree in Accounting from the University of Illinois.