ICE's Libor agency appoints former CIA analyst

 DeAnne Julius, chairman of Chatham House speaks during an interview at Chatham House, St James Square, London, Wednesday, May 17, 2006

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Dame DeAnne Julius

Dame DeAnne Julius became a director of ICE Benchmark Administration on July 22, according to a Companies House filing.

IBA, which is owned by ICE and based in London, took over administration of Libor, or London Interbank Offered Rate, from the British Bankers’ Association in February 2014. It has also won mandates to take over administration of the Isdafix rate from the International Swaps and Derivatives Association, which it renamed the ICE Swap Rate, as well as the LBMA Gold Price.

An ICE spokeswoman declined to comment on the appointment.

Julius, an economist by training, worked as an analyst for the CIA after completing her first degree. She later worked as an economic adviser at the World Bank, and also as chief economist at Shell and at British Airways.

She was a founder member of the Bank of England’s MPC in 1997, and was awarded a CBE for services to monetary policy in the 2002 New Year Honours list. She was later made a Dame for services to international relations in the 2013 New Year Honours list.

Her non-executive career has included serving on a string of blue-chip boards including BP, Roche, Lloyds Banking Group, Deloitte and Jones Lang LaSalle.

IBA’s other non-executive directors include Michel Prada, the former chairman of French regulator Autorité des Marchés Financiers, André Villeneuve, previously chairman of the City of London’s International Regulatory Strategy Group, and Mary Miller, who was the Under Secretary for Domestic Finance at the US Treasury.

The Wall Street Journal reported in December 2015 that Joanna Perkins, a former IBA director and the chairwoman of the committee overseeing Libor, was forced out of her post after a disagreement about how the rate should be overhauled.

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