Chairs of the Committees
Mr. Jean-Paul Servais, Chair of the IOSCO Board and Chair of the European Regional Committee (ERC)
Jean-Paul Servais is the Chairman of the IOSCO Board. He is also Chairman of the IOSCO European Regional Committee, Chair of the IFRS Foundation Monitoring Board, and co-Chair of the Monitoring Group in charge of the public governance of the audit standard setting at international level.
Mr Servais is the Chairman of the Belgian Financial Services and Markets Authority (FSMA) and a board member of several international supervisory bodies for the financial sector such as ESMA and the ESRB. He sits on a number of supervisory colleges that coordinate the (cross-border) supervision of several financial institutions and infrastructures.
He teaches at the Université Libre de Bruxelles (ULB, University of Brussels), where he is part-time professor in International Business Law and in the specialized Master in Tax Law.
Mr. Shigeru Ariizumi, Board Vice Chair and Chair of the Asia-Pacific Regional Committee
Mr. Rostin Behnam, Board Vice Chair
Dr. Mohamed Farid Saleh, Vice Chair of the IOSCO Board and Chair of the Growth and Emerging Markets Committee (GEMC)
Dr. Mohamed Farid Saleh was appointed as Chairman of the Financial Regulatory Authority (FRA) in August 2022 as per the Presidential Decree No. 353/2022. He is a Board Member at the Central Bank of Egypt (CBE) and a Member of the CBE’s Monetary Policy Committee (MPC). Dr. Faid is currently the Vice Chair of the Advisory Board for the GFANZ Africa Network where global and regional leaders across public and private sectors in Africa provide strategic guidance and expertise-driven feedback in order to help broaden, deepen and raise climate ambition and accelerate climate action in the financial sector in Africa. He is also a member of the High-level Expert Group for the United Nations Economic Commission for Africa (UNECA) on Scaling up investment and finance to deliver on climate ambition and development goals supported by the COP26 Presidency and incoming COP27 Presidency.
Farid became the Executive Chairman of the Egyptian Exchange (EGX) in August 2017 as per the Prime Ministerial Decree No. 1759/2017, and his term was renewed in August 2021. During this period, Farid held many significant international positions; the Chairman of the Federation of Euro-Asian Stock Exchanges (FEAS) from 2017 to2019 and from 2021 till August 2022; the Chairman of the Arab Federation of Capital Markets (AFCM) from 2019 till 2021; the Chairman of the Emerging Markets Working Group at the World Federation of Exchanges (WFE) from 2017 till 2021; a Board Member of the African Securities Exchanges Association (ASEA) throughout his Chairmanship of the EGX. He also served as a board member in Misr for Central Clearing, Depository and Registry (MCDR) and the Egyptian Investor Protection Fund (IPF). Prior to his appointment as EGX Executive Chairman, Farid served as the Chairman and the CEO of Dcode EFC - a leading economic advisory firm in Egypt.
Furthermore, between 2013 and 2016, Farid was an External Consultant on Venture Capital (VC) and Financial Leasing for the World Bank Group in Egypt and was a Member of the Capital Market Advisory Committee established by the Financial Regulatory Authority (FRA). Additionally, he served as the Vice Chairman of the EGX in 2010-2011.
He also served as a part-time lecturer in Financial Markets, International Finance, and Financial Derivatives at the American University in Cairo (AUC) and at the Arab Academy for Science, Technology & Maritime Transport (AASTMT).
Farid holds a PhD in Financial Economics from Cardiff Metropolitan University - UK, an MSc in Quantitative Finance from Bayes Business School - City, University of London, an MSc in Economics, (Project Analysis, Finance & Investment) from York University - UK, and an MBA from the Arab Academy for Science, Technology & Maritime Transport (ASST) - Egypt. He also holds a certificate in Venture Capital from UC Berkley - the United States of America, a certificate in Time-Series Analysis from Timberlakes, Cambridge University - UK, and a BSc in Foreign Trade and Economics from Helwan University - Egypt.
Mr. Yusuf Kaya, Vice Chair of the Growth and Emerging Markets Committee (GEMC)
Mr. Yusuf Kaya is a Board Member of the Capital Markets Board (CMB) of Turkey. His main focus areas are market surveillance and oversight, enforcement, and accounting standards. Mr. Kaya has contributed to the work of IOSCO and other international organizations, particularly the FSB and FATF, and has represented the CMB in international fora. Before being appointed to the Board of the CMB in October 2020, he served as CMB’s Executive Vice Chair since 2016.
In addition to his tasks at the CMB, Mr. Kaya is currently the Chairman of the Capital Markets Licensing Registry and Training Agency, which carries out the licensing, registration and training of capital market professionals working at financial institutions and listed companies in Turkey. During his career, Mr. Kaya has also served as the Head of the CMB Enforcement Division.
Mr. Kaya has a PhD degree in Economics (Istanbul University) and a Master’s degree in business administration (Duke University’s Fuqua School of Business).
Mr. Khaled Alhomoud, Vice Chair of the Growth and Emerging Markets Committee (GEMC)
Ms. Nezha Hayat, Chair of the Africa / Middle-East Regional Committee (AMERC)
Nezha Hayat is the President of AMMC – Morocco’s Capital Market Authority, following her appointment in February 2016 by His Majesty the King Mohammed VI.
An ESSEC Business School Paris graduate, she started her career in Spain by working in several banks both in investment banking and private banking. From 1995 to her nomination, she worked at Société Générale Marocaine de Banques where she became in 2007, the first woman on a management board of a bank in the country.
In 1999, she was elected President of the Association of stockbrokers in Morocco for two terms. She co-founded in 2012 the Moroccan chapter of Women Corporate Directors – CFA Maroc, to promote women in corporate boards.
Nezha received an award for her “outstanding contribution to financial and professional services”, by the G8 in June 2013 in London.
As the Chairperson and CEO of the AMMC, Ms. Hayat is a member of the Board of The Supervisory Authority of Insurance and Social Welfare (ACAPS) and a member of the Coordination and Systemic Risk Monitoring Committee (CCRS).
She was decorated by His Majesty the King Mohammed VI, Officer of Wissam Al Arch (Order of the Throne) in 2013 and in 2019, she was awarded by Spain Commander of the Order of Civil Merit.
Ms. Lucía Buenrostro Sánchez, Chair of the Inter-American Regional Committee (IARC)
Lucía Buenrostro holds a bachelor’s degree on Actuary from the Universidad Nacional Autónoma de México (UNAM).
She has a master's degree in Economics from El Colegio de México and a master's degree in Mathematics and Finance from the Imperial College of the United Kingdom. Lucía also holds a master's degree and a Ph.D. in Economics from the University of Warwick.
She has a broad and solid background in the international financial system, where she has worked for almost 15 years. She has been responsible for the risk management areas covering different investment portfolios (equity, credit, interest rates, exchange rates, and commodities) and various types of risks (market, credit, and operational). In regulatory matters, she has coordinated projects to implement the Basel Accords, particularly the quantitative impact analysis of Basel III and its subsequent reforms.
She has been a lecturer and researcher at UNAM, the University of Warwick, and the University of Oxford. She has published in internationally renowned academic journals, and she is currently a writer in a Mexican newspaper. She was distinguished with academic scholarships from CONACYT (Mexico) and the Royal Economic Society (United Kingdom).
She was appointed Vice President for Regulatory Policy at the National Banking and Securities Commission (CNBV) of Mexico, starting on November 2021.
Ms. Karen K. Wuertz, Chair of the Affiliate Members Consultative Committee (AMCC)
As NFA's Senior Vice President of External Affairs and Communications, 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.
