Need and Idea
The idea of an association of securities services providers from all over the world was conceived in 1975 by the heads of Securities Services Citibank, New York, and then Union Bank of Switzerland, Zurich. The perceived need was to create an organisation able to disseminate information on the developments in the rapidly changing securities markets and to offer securities operations professionals a forum to exchange ideas and issues of interest.
In 1979, Citibank, Deutsche Bank and then Union Bank of Switzerland, by jointly organising a first meeting of senior securities services executives in Switzerland, laid the foundation of ISSA.
ISSA has grown over the years and new sponsors and members have joined the Association. Today ISSA is sponsored by 15 institutions, has more than 110 members and is well positioned as an opinion leader in the global securities services industry.