ISLA names O鈥橠onnell as COO
11 June 2026 UK
Image: LinkedIn
The International Securities Lending Association (ISLA) has appointed Stephen O鈥橠onnell as chief operating officer.
O鈥橠onnell brings more than 20 years鈥� experience at Tier 1 global financial institutions spanning securities finance, derivatives, collateral, and clearing.
He joins ISLA from BNY, where he spent four years as EMEA head of sales and relationship management for Global Collateral and Global Clearing, responsible for the EMEA client franchise.
Prior to BNY, O鈥橠onnell spent 16 years at Morgan Stanley across multiple roles, including EMEA chief operating officer for securities lending and EMEA head of sales strategy for securities finance.
Throughout his career, he has worked extensively with institutional clients and market participants across EMEA and globally.
His experience includes commercial leadership and financial resource management, alongside regulatory and market initiatives in securities finance and collateral markets.
Stephen holds a bachelor of accounting and finance (Hons) from the University of Glasgow, and graduated from the Securities Industry Institute Executive Leadership Programme at The Wharton School in 2026.
Ina Budh-Raja, ISLA CEO, states: 鈥淏ringing a wealth of experience and skills, his appointment strengthens ISLA鈥檚 leadership team at an important time, as we continue to sharpen execution, advance the association鈥檚 strategy, and deliver increased member value鈥�.
O鈥橠onnell brings more than 20 years鈥� experience at Tier 1 global financial institutions spanning securities finance, derivatives, collateral, and clearing.
He joins ISLA from BNY, where he spent four years as EMEA head of sales and relationship management for Global Collateral and Global Clearing, responsible for the EMEA client franchise.
Prior to BNY, O鈥橠onnell spent 16 years at Morgan Stanley across multiple roles, including EMEA chief operating officer for securities lending and EMEA head of sales strategy for securities finance.
Throughout his career, he has worked extensively with institutional clients and market participants across EMEA and globally.
His experience includes commercial leadership and financial resource management, alongside regulatory and market initiatives in securities finance and collateral markets.
Stephen holds a bachelor of accounting and finance (Hons) from the University of Glasgow, and graduated from the Securities Industry Institute Executive Leadership Programme at The Wharton School in 2026.
Ina Budh-Raja, ISLA CEO, states: 鈥淏ringing a wealth of experience and skills, his appointment strengthens ISLA鈥檚 leadership team at an important time, as we continue to sharpen execution, advance the association鈥檚 strategy, and deliver increased member value鈥�.
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