Ulrich Karl

Head of Clearing Services at ISDA

Ulrich Karl is head of clearing services at the International Swaps and Derivatives Association (ISDA), with responsibility for leading ISDA’s global clearing strategy. This includes issues related to central counterparty (CCP) risk management (resilience, recovery and resolution), as well as clearing mandates (for products and counterparties), clearing access, capital charges for CCP exposures and related topics. 

Before ISDA, Ulrich worked for HSBC, where he most recently served as co-head of CCP risk in the global markets division. While at HSBC, Ulrich served as the industry chair for ISDA’s clearing, risk and capital working group.

Ulrich holds a MSc in Electrical Engineering from Technische Universität in Darmstadt.