The director responsible for the management of Libor rate setting at
the British Bankers' Association, has quit for a job at the data
provider that plays a key role in the process.
John Ewan, resigned, as Libor director at the BBA on Wednesday, according to filings with Companies House, reports the WSJ.
joined the BBA as a Libor manager in April 2005 and became director in
March 2007. His profile on the BBA website, which has now been deleted,
said that he was "responsible for the management of the BBA Libor
rate setting process and the annual review of the panels of banks
contributing to the rate setting process."A spokesman for the BBA has confirmed that John Ewan is no longer at the BBA. “He left to pursue a new opportunity to further his career."
Reuters admitted that Ewan has joined the company as head of business
development for its fixing and ben
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