Ellen Hefferan Headshot

Ellen Hefferan

Executive Vice President of Operations & Accounting

ehefferan@lsta.org / (212) 880-3013

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 and the Operations Steering Group, assessing current operations while identifying opportunities for improvement and standardization.  She chairs the T+5 Taskforce, Delayed Compensation, CUSIP, MEI, Custodian and Buy-side Working Groups and co-chairs the ARRC Business Loan Operations Sub-Group which is tasked with operationalizing the transition from LIBOR to a new reference rate.

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.

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Membership in the LSTA offers numerous benefits and opportunities. Chief among them is the opportunity to participate in the decision making process that ultimately establishes loan market standards, develops market practices, and influences the market’s direction.

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Term SOFR: Loans, CLOs in Scope!

By Meredith Coffey. This morning, the ARRC released best practice recommendations for the use of a SOFR Term Rate.