ARRC Designates New Chair

The Alternative Reference Rates Committee ("ARRC") designated Tom Wipf as its new chair. He is the Vice Chair of Institutional Securities at Morgan Stanley. Mr. Wipf is succeeding Sandra O'Connor following her retirement this month.

Mr. Wipf has been Morgan Stanley's representative on the ARRC since 2014 and his appointment as ARRC Chair is immediately effective for a one-year term.