ISLA Connects, L&G and S&P Educational Briefing: Understanding Exchange Traded Funds (ETFs)
- 02 June 2026
- London, UK
ISLA Connects, L&G and S&P Educational Briefing: Understanding Exchange Traded Funds (ETFs)
Tina Baker
Head of Legal Services, ISLA Connects Lead
ISLA
Tina is Head of Legal Services at ISLA, where she oversees all aspects of our legal documentation and opinions work for the benefit of ISLA members. This includes the management of our various legal working groups and streams to determine new and ongoing priorities and initiatives, as well as the relationships with external counsel and our netting opinions provider, aosphere.
Tina is also ISLA’s lead for ISLA Connects. ISLA Connects was launched by ISLA in 2024, with the aim of providing a forum for ISLA member firm representatives employed in the securities financing industry to connect, and enable ISLA to reach market participants who may not have the opportunity to interact with us via ISLA working groups or attend our annual conferences or other regional events.
Tina is a securities lending professional, having spent 11 years at Deutsche Bank in a senior Sales and Marketing role in the Equity financing team. Prior to joining Deutsche Bank, Tina worked in a sales and relationship management role supporting the securities lending trading desk at Morgan Stanley.
Tina Baker
Head of Legal Services, ISLA Connects Lead
ISLA
Read moreRebecca Bissett-Johnson
ETF and Benchmark Senior Product Specialist
S&P Global Market Intelligence
Rebecca brings 23 years of experience in the financial industry. My career began with seven years in CDS trading and broking at Bear Stearns, JPMorgan, and BGC. I then spent six years within fintech for SS&C Technologies, account managing buy-side clients, followed by the latest seven years in an account management capacity to now Senior Product Specialist at S&P Global, focusing on ETF and Benchmark data services.
In my current role, I support the G14 investment banks, ETF issuers, and asset managers in achieving their best execution by providing timely, high-quality data feeds for Global ETPs and Indices. Outside of work, I enjoy taking walking breaks in the Lake District, practicing Pilates, and attending social events. I am also passionate about industry diversity and serve as a London Co-Chapter Lead for Women in ETFs, proudly representing and volunteering within the ETF community.
Rebecca Bissett-Johnson
ETF and Benchmark Senior Product Specialist
S&P Global Market Intelligence
Read moreIna Budh-Raja
Chief Executive Officer
ISLA
Ina Budh-Raja joined ISLA in December 2025 as Chief Executive Officer responsible for the development of ISLA’s growth strategy and overseeing its core activities to help build a more transparent, efficient, resilient and reputationally robust foundation for the market.
Prior to ISLA, Ina spent 7 years at BNY, across a number of roles including Global Head of Securities Finance Regulatory Strategy, Public Policy & Industry Affairs, where she was responsible for leading the business’ efforts to identify new opportunities in a changing regulatory environment. Prior to BNY, Ina held both commercial and legal roles across the industry over 20 years, including as managing counsel for securities finance at State Street and Deutsche Bank, covering the agency lending, principal lending, equity finance and money markets desks. Ina is a qualified lawyer with an active practicing certificate (Law Society of England & Wales) and is also a member of the Bank of England Money Markets and Securities Lending Committees and is Co-Chair of the Bank of England UK Money Markets Code Sub-Committee.
Ina was a Director on the ISLA Board from 2019-2022 and was subsequently appointed as Chair of the Board of ISLA from 2022-2025, during which time the organisation grew significantly, with Ina playing a considerable role in the establishment of ISLA’s affiliate, ISLA Americas. She also championed the launch of ISLA’s future talent initiative, ISLA Connects. As well as being ISLA’s first female Chair and CEO, Ina is co-lead of the London chapter of Women in Securities Finance.
Ina Budh-Raja
Chief Executive Officer
ISLA
Read moreMatt Chessum
Executive director, Equity & Analytics Products
S&P Global Market Intelligence
Matt Chessum serves as the Executive Director of the Equity & Analytics team at S&P Global Market Intelligence. In this role, he leads the product specialist teams, the beneficial owner solutions services and the academic and consultancy business segments.
Prior to his current position, Matt was an Investment Director at Aberdeen Asset Management. There, he was primarily responsible for managing the securities lending and collateral management activities of the firm as well as the being a member of the investment team focusing on Money Market mandates.
Matt is a former member of the Bank of England’s securities lending committee and a former board member of the International Securities Lending Association (ISLA).
Matt Chessum
Executive director, Equity & Analytics Products
S&P Global Market Intelligence
Read moreAnupe Dhanday
ETF Portfolio Manager
L&G Asset Management
Anupe joined L&G in 2019 as a Portfolio Manager and is focused on investment management aspects of the ETF platform. Prior to joining, he worked at NatWest Markets and ABN AMRO. Anupe completed a MSc in Economics and Finance from the University of Warwick and is a CFA charterholder
Anupe Dhanday
ETF Portfolio Manager
L&G Asset Management
Read moreShaan Jivan
Senior Product Specialist
S&P Global Market Intelligence
An industry professional with 7+ years’ experience in the financial data space, I specialise in securities finance, supporting the full securities lending value chain from beneficial owners to the buyside. As a Senior Product Specialist, I help clients leverage data and analytics through benchmarking and optimisation, bringing deep product expertise and a strong focus on client engagement.
I have also presented at ISLA briefings in Frankfurt and Zurich, sharing data-driven insights on securities lending and wider market developments.
Alongside my core role, I actively support diversity in the industry as a member of the ISLA DEI Committee and previously served for three years as Vice Chair of S&P Global’s Empower employee resource group.
Shaan Jivan
Senior Product Specialist
S&P Global Market Intelligence
Read moreChirag Pandya
Head of ETF Capital Markets
L&G Asset Management
Chirag Pandya is Head of ETF Capital Markets within the Global Markets team at L&G Asset Management, based in London. He leads efforts to ensure efficient primary market access for L&G UCITS ETFs, oversees secondary market quality, and manages relationships with key ecosystem partners to support client execution. Chirag works closely with investment teams and distribution to assist new product launches, provide ETF market insights and enhance trading efficiency for clients.
He joined L&G in 2025 from Northern Trust Asset Management, where he was Head of ETF Capital Markets EMEA. Prior to that, Chirag spent a decade at Vanguard Asset Management as a member of the ETF Capital markets team helping expand its European ETF presence and developing liquidity provider initiatives. Earlier in his career, he held business development roles at BlackRock’s iShares in London and Singapore.
Chirag holds a BSc (Hons) in Business Economics from Brunel University.
Chirag Pandya
Head of ETF Capital Markets
L&G Asset Management
Read moreSharon Terry
Securities Lending Specialist
L&G Asset Management
Sharon Terry is a Securities Lending Specialist at L&G Asset Management, responsible for the oversight, development and governance of securities lending activity. She works closely with agent lenders, custodians and internal risk, legal and compliance teams to ensure robust programme design, control and transparency across equity and fixed income lending.
Previously, Sharon was a Securities Finance Trader at BNY Mellon and within Aviva’s in house securities lending programme, with hands on experience across equity and fixed income lending, as well as repo and reverse repo execution for money market and LDI funds. She brings a strong front to back understanding of securities finance markets, risk and operating models.
Sharon Terry
Securities Lending Specialist
L&G Asset Management
Read moreAlastair Trotman
Director, Equity Finance Trading
Bank of America
Alastair Trotman is a Director in Equity Finance Trading at Bank of America, with over 15 years’ experience in securities lending and equity finance. He specialises in ETF markets, with a focus on trading strategy, inventory optimisation, and client solutions for institutional investors.
He has held senior roles at Goldman Sachs and Bank of America Merrill Lynch, where he contributed to the development of ETF lending platforms and broader equity finance capabilities. Alastair brings a practical, market-driven perspective on the evolving role of ETFs in securities lending.
Alastair Trotman
Director, Equity Finance Trading
Bank of America
Read moreAlfie Tully
CFA, Securities Finance Sales
BNY
Alfie Tully is a Sales Executive within the Securities Finance team, covering clients across the EMEA region and delivering both agency and principal solutions. He brings over ten years of experience at BNY across the Securities Finance franchise, holding previous roles in Operations and Product before transitioning into Sales. Alfie holds the Investment Management Certificate (IMC) and is a CFA Charterholder.
Alfie Tully
CFA, Securities Finance Sales
BNY
Read more