Ellen Hefferan is the Executive Vice President of Operations and Accounting at the LSTA. In this role, she leads the development and implementation of key operational strategies and best practices that promote a more efficient, standardized, and liquid loan market. She also evaluates proposed regulatory rulemakings for potential operational impacts.

Ms. Hefferan supports the LSTA’s Liquidity Committee. She chairs multiple key working groups and committees, including the Operations Steering Group, Settlement Committee, Buy-Side Operations Committee, Custodian/Trustee/Fund Administrator Committee, Private Credit Operations Committee, and Corporate Actions, CUSIP, and MEI/CEI Working Groups. She also co-chairs the Product and Technology Committee. Her work focuses on improving operational processes, promoting interoperability, and identifying areas for standardization across the market. Additionally, she oversees the LSTA’s SOFR Calculator and the Directory and Escalation Matrix.

Previously, Ms. Hefferan served as President of ClearPar from its founding in 2000 until March 2006. Prior to that, she was Vice President and Senior Counsel at Citigroup, where she advised the loan syndications, trading and sales desks, and corporate banking origination teams. Her earlier roles include Associate at Winston & Strawn and Staff Accountant in the Audit Division of Arthur Andersen & Co.

Ms. Hefferan holds both a BS in Public Accounting and Marketing and a JD from Fordham University. She is a Certified Public Accountant and a member of the New York State Bar.