ICE Benchmark Administration (IBA) has appointed Dame DeAnne Julius, a founding member of the Monetary Policy Committee of the Bank of England, as a director.

The appointment is effective immediately.
 
Julius’ appointment has been approved by the Financial Conduct Authority (FCA) and she joins the following directors on the board of IBA: André Villeneuve, chairman, IBA; Mary John Miller, chairperson of the IBA Nominating Committee; Rod Paris, chief investment officer, Standard Life Investments; Michel Prada, chairperson of the IBA Audit and Risk Committee; David Goone, chief strategy officer, Intercontinental Exchange; and Finbarr Hutcheson, president, IBA.
 
“I am delighted to welcome DeAnne to the IBA Board. As a highly accomplished Economist, she brings a great deal of experience and knowledge to the IBA board to help us continue on our successful trajectory of improving confidence in global benchmarks,” says Villeneuve.
 
“I am greatly looking forward to joining my colleagues on the IBA board and contributing to their important work in developing and managing financial benchmarks that investors and borrowers can trust,” says Julius.
 
IBA is an independent subsidiary of ICE. It operates an oversight and governance framework including an independent board, with a majority of independent non-executive directors.
 
In 2013, IBA was appointed as the administrator of LIBOR following a selection process sponsored by HM Treasury (UK) and chaired by Baroness Hogg (Hogg Tendering Advisory Committee for LIBOR). IBA began administrating LIBOR in February 2014 and the administration of ICE Swap Rate (formerly ISDAFIX) began in August 2014.
 
In 2015, IBA became the new administrator for the LBMA Gold Price (formerly the London Gold Fix).