Who We Are

Member Firms

Allianz Global Investors
ANZ
Bank of America Merrill Lynch
Bank of New York Mellon
Barclays
BHP
BlackRock
Bloomberg
BNP Paribas
BP
Citadel Securities
Citigroup Global Markets Limited
Crédit Agricole CIB
Credit Suisse
Deutsche Bank
Deutsche Börse Group
Goldman Sachs
HSBC
J.P. Morgan
Legal & General Investment Management
Linklaters (Legal Advisor)
Lloyds Banking Group
London Stock Exchange Group
M&G Investments

MarketAxess
Morgan Stanley
National Australia Bank
NEX
Nomura
RBS
Rio Tinto
Royal Bank of Canada
Royal Dutch Shell
Royal Mail Group
Société Générale
Standard Chartered
Standard Life Aberdeen
State Street
Thomson Reuters
TP ICAP
Tradeweb
UBS
Vodafone
XTX Markets

Association of Corporate Treasurers (Associate Member)
Banking Standards Board (Associate Member)
KPMG (Associate Member)
Oliver Wyman (Associate Member)
Standards Board for Alternative Investments (Associate Member)

Advisory Council

Name Company Name
Elizabeth Corley Allianz Global Investors
Alex Wilmot-Sitwell Bank of America Merrill Lynch
Venkat Venkatakrishnan Barclays
Vandita Pant BHP
Patrick Olson BlackRock
Rob Friend Bloomberg
Pascal Fischer BNP Paribas
Michael Cole-Fontayn BNY Mellon
Alan Haywood BP
Paul Hamill Citadel Securities
James Bardrick Citigroup Global Markets Limited
Thomas Spitz Crédit Agricole
Eraj Shirvani Credit Suisse
Ram Nayak Deutsche Bank
Carsten Kengeter Deutsche Boerse
Isabelle Ealet Goldman Sachs
Samir Assaf HSBC
Mary Miller Independent
Charles Nichols Independent
Stephen O’Connor Independent
Guy America JP Morgan
Daniel Pinto JP Morgan
Mark Zinkula Legal & General Investment Management
Robert Elliot Linklaters (Legal Advisor)
James Garvey Lloyds Banking Group
Raffaele Jerusalmi LSE Group
Simon Pilcher M&G Investments
Rick McVey MarketAxess
Robert Rooney Morgan Stanley
Drew Bradford National Australia Bank
Michael Spencer NEX
Jonathan Lewis Nomura
Kieran Higgins RBS
Jonathan Slade Rio Tinto
David Thomas Royal Bank of Canada
Russell O’Brien Royal Dutch Shell
Stuart Simpson Royal Mail Group
Bruno Benoit Société Générale
Neh Thaker Standard Chartered
Brad Crombie Standard Life Aberdeen
Keith Skeoch Standard Life Aberdeen
Kim Newell Chebator State Street
Neill Penney Thomson Reuters
David Casterton TP ICAP
Steve Hall TradeWeb
David Soanes UBS
Nick Read Vodafone
Zar Amrolia XTX Markets

Associate Members

Name Company Name
Caroline Stockmann Association of Corporate Treasurers
Colette Bowe Banking Standards Board
Bill Michael KPMG
Christian Edelmann Oliver Wyman
Amelia Fawcett Standards Board for Alternative Investments

Board

Name Company Name
Elizabeth Corley Allianz Global Investors
Graham HIll Bank of America Merrill Lynch
Nat Tyce Barclays
Vandita Pant BHP
Tarek Mahmoud BlackRock
Ludovic de Montille BNP Paribas
Dan Watkings BNY Mellon
Brian Oliver Citadel Securities
Andrew Morton Citigroup Global Markets Limited
David Wayne Deutsche Bank
James Kemp GFMA – Global Financial Markets Association
Jim Esposito Goldman Sachs
Thibaut de Roux HSBC
Marc Bailey Independent
Catherine Bradley Independent
Charles Nichols Independent
David Tait Independent
Guy America JP Morgan
Sally Dewar JP Morgan
Colin Reedie Legal & General Investment Management
Michael Kent Linklaters (Legal Advisor)
Fabrizio Testa LSE Group
Simon Pilcher M&G Investments
Christophe Roupie MarketAxess
Jakob Horder Morgan Stanley
Anthony Deagan National Australia Bank
Stuart Wexler NEX
Steven Ashley Nomura
Sian Hurrell Royal Bank of Canada
Russell O’Brien Royal Dutch Shell
Rod Paris Standard Life Aberdeen
Stephen Yeats State Street
Nick Collier Thomson Reuters
Enrico Bruni TradeWeb
Chris Purves UBS
Neil Garrod Vodafone
Zar Amrolia XTX Markets

Associate Members

Name Company Name
Alison Cottrell Banking Standards Board
Karim Haji KPMG
Serge Gwynne Oliver Wyman
Thomas Deinet Standards Board for Alternative Investments

Committees, Sub-Committees & Working Groups

Market Practices

Fixed Income, Rates Products
Nat Tyce, Chair

Fixed Income, Spread Products
Jonathan Brown, Chair

Currencies
James Kemp, Chair

Commodities
Marc Bailey, Chair

Conduct & Ethics

Sally Dewar, Chair

Codes & Standards Convergence

Nick Collier, Chair

Electronic Trading & Technology Committee

Co-Chairs – Zar Amrolia & Chris Purves

Conduct & Ethics Working Groups

First Line of Defence – Susan Revell, Chair
Supervision – Chris Dickens, Chair
Surveillance – Rosie Murphy Williams, Chair

Pro Bono Support

Many thanks to those who have provided invaluable pro bono support to FMSB and have been instrumental in the production of our Standards and documents.

Deloitte

David Strachan – Member of the Surveillance Working Group and contributed to the drafting of the Statement of Good Practice for Surveillance in Foreign Exchange Markets

KPMG

Roger Acton – FMSB Secretariat Secondee (current)
Andrew Davidson – Codes & Standards Convergence Sub-Committee member
Matthew Jarman – FMSB Secretariat Secondee (former)
Karim Haji – Consultant, Standing Guest to the FMSB Standards Board and member of the Conduct & Ethics Sub-Committee and Surveillance Working Group. Contributed to the drafting of the Statement of Good Practice for Surveillance in Foreign Exchange Markets

Linklaters

In addition to being the legal advisors to FMSB, Linklaters team members have provided significant and valuable contributions to the drafting of our Standards and statements of good practice. Michael Kent, who is also the legal advisor to our Board, leads the Linklaters team.

Oliver Wyman

Marine Warsmann, FMSB Secretariat Secondee (former)
Serge Gwynne, standing guest to the FMSB Standards Board and Commodities Sub-Committee member. Contributed to the drafting of the Binary Options standard for the Commodities Markets
Christian Edelmann, standing guest to the FMSB Advisory Council

PwC

Rukshan Permal – Member of the Surveillance Working Group and contributed to the drafting of the Statement of Good Practice for Surveillance in Foreign Exchange Markets

Our Team

The FMSB team is made up of dedicated personnel with years of experience in the financial world.

Mark Yallop (Chair)

Mark Yallop is the Chair of the FICC Markets Standards Board (FMSB) and as well as an external member of the Prudential Regulation Committee. Mark was UK Group CEO for UBS from 2013-14. Prior to this he was Group COO for ICAP plc from 2005-11 and spent 20 years at Deutsche Bank from 1984-2004 where he was instrumental in building their investment banking business and served as Group COO from 2002-04. He has been a member of numerous financial services industry bodies.

Gerry Harvey (CEO)

Gerry Harvey is the Chief Executive of the FICC Markets Standards Board (FMSB). He was Group Head of Compliance for the ICAP Group from 2010 to 2015. Prior to ICAP he worked at a number of organisations including the Global Banking and Markets Division of RBS, Nikko Europe, LIFFE and NatWest Markets. He is a qualified Solicitor and worked at Cadwalader, Wickersham and Taft and Milbank, Tweed, Hadley and McCloy in London.

David McClean (Senior Technical Advisor)

David McClean has worked in the wholesale financial markets for over thirty years in London, New York and Tokyo. He has held senior trading roles in fixed income and treasury at various investment banks, including Nomura from 1999 to 2005, and UBS from 2005 to 2008; from 2009 to 2014 he worked in investment management, including being a partner at Ruffer LLP. He is a CFA charterholder and has provided expert opinion and consultancy services in several commercial disputes in the financial sector.

Roger Acton (FMSB Secretariat Secondee)

Roger Acton is currently on secondment from KPMG where he is a Senior Manager in the Risk Consulting practice. Roger is a CFA Charterholder and since joining KPMG in 2007 has gained a wide range of experience, primarily with large banking institutions with international trading activity. At KPMG Roger was responsible for managing client engagements that included regulatory Skilled Person reviews, conduct remediation and other advisory projects. His experience includes work on high profile unauthorised trading incidents, reviews of front office conduct frameworks, risk governance, and various prudential risk matters including Liquidity Risk.

Roger is currently working with Gerry Harvey and the Secretariat to execute the FMSB strategy for 2017 including working with Member firms to produce FMSB Standards, Best Practice Guidelines and other material.

Craig Beevers (Senior Technical Advisor)

Craig Beevers has over 25 years of experience in the financial markets, on both the buyside and the wholesale sell side. He has experience trading a variety of interest rate products and structuring a range of interest rate derivatives and other structured products, both as a trader and on the buy side for several major private equity funds. In addition, Craig has spent over 10 years of his career in risk management, including as head of global risk for Nikko Europe (now part of Citigroup). Craig has provided a range of advisory and consultancy services to fund investors and expert testimony on several high profile commercial disputes in the financial markets.

Leslie Fasulo (Office Manager)

Leslie Fasulo joined FMSB in July 2016. Previously she worked at HSBC in business management for the Asset Management Technology group. Prior to HSBC, Leslie was with Triton Partners, a European Private Equity firm, where she held a variety of operations related roles during her tenure.

Hanna Mutawa (Administrative Support)

Hanna Mutawa joined FMSB in May 2017 from W4i Investment Advisory Limited. At W4i she supported the company directors and managed the office. Hanna has also held administrative and Human Resource positions at Hope Charity and at Shell Exploration and Production.