Ellen Hefferan is the Executive Vice President of Operations and Accounting of the LSTA.   She manages key operational strategies and initiatives, including establishing best practices and settlement standards, that facilitate a more efficient and liquid market.  She also reviews proposed regulatory rulemaking for operational challenges.   Ms. Hefferan supports the Liquidity Committee, and chairs the Operations Steering Group, the Settlement Committee, the Buy-side Operations Committee, the Custodian/Trustee/Fund Administrator Committee, the Private Credit Operations Committee, and co-chairs the Product and Technology Committee, assessing current operations while identifying opportunities for improvement, standardization, and system interoperability.   She also chairs the CUSIP and MEI/CEI Working Groups.   She is responsible for the SOFR Calculator and the Directory and Escalation Matrix.

Previously, Ms. Hefferan served as President of ClearPar from the founding of the settlement platform in 2000 until March of 2006, Vice President and Senior Counsel at Citigroup where she provided transactional and advisory support to the loan syndications, trading and sales desks and the corporate banking origination units,  Associate with Winston and Strawn and staff accountant in the Audit Division of Arthur Andersen & Co.

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