Fran Garritt

About Fran Garritt

Results-oriented professional with over two decades of dynamic association management experience, adept at consistently fostering innovation, growth, and value across diverse member communities. Proven track record of leading cross-functional teams and driving strategic initiatives, resulting in the delivery of cutting-edge products and services aligned with the evolving needs of members. History of transforming associations into thriving, member-centric organizations through visionary leadership and a keen understanding of industry trends. Recognized for cultivating robust relationships with stakeholders, promoting collaboration, and achieving sustainable, long-term success. Eager to contribute to the objectives of a forward-thinking association, leveraging expertise in building programs from scratch and staying at the forefront of emerging technologies to drive effectiveness and long-lasting impact.• 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.

Experience

1. President and CEO

   Isla Americas

   Jun 2024 — Present · US

   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.

Education

• Philadelphia University

  MBA

• Penn State University

  BS

• University of Pennsylvania - The Wharton School

  Executive Education

Skills

• Credit Risk
• Securities Lending
• Securities
• Fx Options
• Liquidity Risk
• Financial Risk
• Alm
• Market Risk
• Trading
• Portfolio Management
• Funding
• Loans
• Derivatives
• Fixed Income
• Equities
• Interest Rate Risk Management
• Capital Markets
• Credit Analysis
• Counterparty Risk
• Credit
• Financial Services
• Operational Risk
• Operational Risk Management
• Financial Markets
• Asset Management
• Bloomberg
• Structured Products
• Structured Finance