Ellen Hefferan is the Executive Vice President of Operations and Accounting of the LSTA. She is charged with managing key operational strategies and initiatives, including establishing best practices and settlement standards, that facilitate a more efficient and liquid market. Ms. Hefferan supports the Liquidity Committee, chairs the Operations Steering Group and co-chairs the Product and Technology Committee, assessing current operations while identifying opportunities for improvement, standardization, and system interoperability. She chairs the CUSIP, MEI, CEI, Custodian/Trustee/Fund Administrator and Buy-side Working Groups. She oversees the operational aspects of transitioning from LIBOR to SOFR, the SOFR Calculator and the Directory and Escalation Matrix and reviews proposed regulatory rulemaking for operational challenges.
Previously, Ms. Hefferan served as President of ClearPar from the founding of the settlement platform in 2000 until March of 2006, as Vice President and Senior Counsel at Citigroup where she provided transactional and advisory support to the loan syndications, trading and sales desks and the corporate banking origination units, as an Associate with Winston and Strawn and as a staff accountant in the Audit Division of Arthur Andersen & Co.
She received both a BS in Public Accounting and Marketing and a JD from Fordham University. She is a member of the New York State Bar and is a Certified Public Accountant.