Our History
ISITC, founded in 1991 by a group of industry leaders who believed in the benefit of straight-through processing (STP), created an advanced standard electronic message format for mortgage securities trading, reducing time and errors significantly. Within 10 months of their initial meeting the new format eliminated inefficient delivery methods: facsimile, Telex, and re-keying (a notable accomplishment at the time).
Before long, other companies followed suit, and the standard electronic message practice became standard industry-wide. The group’s innovation created a unique opportunity to apply the success in mortgages to all industry sectors. It would take a distinctive organization to make this happen—the group officially became ISITC.
Past ISITC Chairs
| 2022–2023 | Kristin Hochstein | LSEG |
| 2019–2021 | Lisa Iagatta | Securrency |
| 2017–2018 | Erica Borghi | Brown Brothers Harriman |
| 2014–2016 | Jeff Zoller | T. Rowe Price Associates, Inc. |
| 2012–2013 | Jan Snitzer | Loomis, Sayles, & Company, L.P. |
| 2010–2011 | Gary Probert | Citibank, N.A. |
| 2008–2009 | Genevy Dimitrion | State Street Corporation |
| 2006–2007 | Steve Goswell | Barclays Global Investor |
| 2005 | Stephen J. Lachaga | JP Morgan |
| 2003–2004 | Kevin Smith | Bank of New York |
| 2002 | Steve Kelly | Goldman Sachs & Company |
| 2000–2001 | Arthur Barton | Clay Finlay |
| 1999 | Mark Del Col | Bankers Trust |
| 1998 | Mark Del Col Arthur Barton | Bankers Trust Clay Finlay |
| 1997 | Larry Rinne | Northern Trust Company |
| 1996 | Larry Rinne Roz Kracov | Northern Trust Company State Street Corporation |
| 1995 | Roz Kracov | State Street Corporation |
| 1994 | Nancy Barlet | RCN |
| 1993 | Lynn Zeller | PIMCO |
ISITC was Co-founded in 1991 by the following individuals:
From the Investment Management side
| Nancy Barlet | RCN |
| Beatriz Inigo | Fischer, Francis, Trees & Watts (FFTW) |
| Anna Siefert | Capital Group |
| Lynn Zeller | PIMCO |
From the Custodian side
| Steve Conway | Northern Trust Company |
| Roz Kracov | State Street Corporation |
| Ed McGann | US Trust |
| Tom Musella | Citibank |
SWIFT was an integral part in assisting in formatting the first ISITC messages.