Who We Are

Member Firms

Aberdeen Asset Management
Allianz Global Investors
Bank of America Merrill Lynch
Bank of New York Mellon
Barclays
BHP Billiton
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
Morgan Stanley
National Australia Bank

NEX
Nomura
PGGM
RBS
Rio Tinto
Royal Dutch Shell
Royal Mail Group
Scotiabank
Société Générale
Standard Chartered
Standard Life Investments
State Street
Thomson Reuters
TP ICAP
Tradeweb
UBS
Vodafone
XTX Markets

Association of Corporate Treasurers (Standing Guest)
Banking Standards Board (Standing Guest)
Global Financial Markets Association (Standing Guest)
Hedge Fund Standards Board (Standing Guest)
KPMG (Standing Guest)
Oliver Wyman (Standing Guest)

Advisory Council

Name Company Name Job Title
Brad Crombie Aberdeen Asset Management Global Head of Fixed Income
Elizabeth Corley Allianz Global Investors Vice Chair
Alex Wilmot-Sitwell Bank of America Merrill Lynch President, Europe, the Middle East and Africa
Venkat Venkatakrishnan Barclays Chief Risk Officer member of GEC
Vandita Pant BHP Billiton Group Treasurer and Head of Europe
Patrick Olson BlackRock COO EMEA
Rob Friend Bloomberg Global Product Manager for Companies Markets and Foundational Applications
Pascal Fischer BNP Paribas Head of EMEA Capital Markets
Alan Haywood BP Chief Executive BP Integrated Supply and Trading
Paul Hamill Citadel Securities Global Head of Fixed Income Currencies & Commodities
James Bardrick Citigroup Global Markets Limited Country Officer for UK CEO Citigroup Global Markets
Thomas Spitz Crédit Agricole MD Head of Global Markets Trading Division
Eraj Shirvani Credit Suisse Global Head of FI Emerging Markets Head of FI EMEA
David Wayne Deutsche Bank Head of Currency Trading
Carsten Kengeter Deutsche Boerse CEO
Isabelle Ealet Goldman Sachs Global Co-Head of Securities Division
Douglas Flint HSBC Chairman
Charles Nichols Independent
Mary Miller Independent
Guy America JP Morgan Head of Global Credit Markets
Daniel Pinto JP Morgan Chief Executive Officer Corporate & Investment Bank
Mark Zinkula Legal & General Investment Management CEO
Robert Elliot Linklaters (Legal Advisor) Senior Partner
James Garvey Lloyds Banking Group Head of CB Markets
Raffaele Jerusalmi LSE Group CEO Borsa Italia
Simon Pilcher M&G Investments Chief Executive Fixed Income
Robert Rooney Morgan Stanley CEO Morgan Stanley International and Head of EMEA
Drew Bradford National Australia Bank Executive General Manager – Fixed Income, Currencies and Commodities
Michael Spencer NEX Group CEO
Jonathan Lewis Nomura CEO EMEA
Patrick Fleur PGGM Head of Trading & Execution
Kieran Higgins RBS Head of Trading and Flow Sales
Jonathan Slade Rio Tinto Global Head of Corporate Finance and Operations Treasury
Russell O’Brien Royal Dutch Shell EVP Treasury and Corporate Finance
Matthew Lester Royal Mail Group CFO
Kevin Felix Scotiabank Global Head of Fixed Income Currencies & Commodities
Frank Drouet Société Générale Head of Global Markets
Neh Thaker Standard Chartered Global Co-Head, Foreign Exchange, Rates and Credit at Standard Chartered Bank
Keith Skeoch Standard Life Investments Chief Executive Officer
Kim Newell State Street Executive vice President Global Markets EMEA
Neill Penney Thomson Reuters Head of FX & Workflow Management
David Casterton TP ICAP CEO Global Broking
Enrico Bruni TradeWeb Head of Europe & Asia
David Soanes UBS Global Head of Financial Institutions IB UK Country Head
Nick Read Vodafone Chief Financial Officer
Zar Amrolia XTX Markets Co-CEO

Standing Guests

Name Company Name Job Title
Caroline Stockmann ACT – Association of Corporate Treasurers Chief Executive
Colette Bowe BSB – Banking Standards Board Chairman
Amelia Fawcett HFSB – Hedge Fund Standards Board Chairman
Bill Michael KPMG Chairman of KPMG UK
Christian Edelmann Oliver Wyman Partner and Global Head – Corporate & Institutional Banking and Wealth & Asset Management

Board

Name Company Name Job Title
Elizabeth Corley Allianz Global Investors Vice Chair
Graham HIll Bank of America Merrill Lynch Head of EMEA FICC Sales
Nat Tyce Barclays Co Head of Macro Products
Vandita Pant BHP Billiton Group Treasurer and Head of Europe
Tarek Mahmoud BlackRock Head of Trading and Liquidity Strategies- EMEA
Ludovic de Montille BNP Paribas UK Chairman
Michael Cole-Fontayn BNY Mellon Chairman EMEA
Brian Oliver Citadel Securities European Head of Institutional Sales & Relationship Management
Andrew Morton Citigroup Global Markets Limited Head of G10 Rates, Risk, Treasury & Finance
James Kemp GFMA – Global Financial Markets Association MD Head of Global FX Division
Jim Esposito Goldman Sachs Chief Strategy Officer Securities Division and Co-Head of Global FICC Sales
Thibaut de Roux HSBC Managing Director and Global Head of Markets
Catherine Bradley Independent Independent FCA Board Member
Charles Nichols Independent
Marc Bailey Independent Independent
Guy America JP Morgan Head of Global Credit Markets
Sally Dewar JP Morgan Regulatory Policy Development & Strategy
Anton Eser Legal & General Investment Management Chief Investment Officer
Michael Kent Linklaters (Legal Advisor) Global Head of Financial Regulation
Fabrizio Testa LSE Group CEO
Simon Pilcher M&G Investments Chief Executive Fixed Income
Jakob Horder Morgan Stanley Head European Fixed Income & Commodities
Anthony Deagan National Australia Bank General Manager, Fixed Income, Currencies and Commodities & Specialised Sales UK & US
Steven Ashley Nomura Joint Head of Wholesale Division and Global Markets Head
Patrick Fleur PFZW (PGGM) Head of Trading & Execution
Russell O’Brien Royal Dutch Shell EVP Treasury and Corporate Finance
John Kirwan Scotiabank Head of GBM Europe, Global Head of Infrastructure
Rod Paris Standard Life Investments Chief Investment Officer
Stephen Yeats State Street APAC and EMEA Head Fixed Income Beta Solutions
Nick Collier Thomson Reuters Global Head of Government and Regulatory
Enrico Bruni TradeWeb Head of Europe & Asia
Chris Purves UBS Co-Head FX Rates & Credit
Neil Garrod Vodafone Group Treasury Director
Zar Amrolia XTX Markets Co-CEO

Standing Guests

Name Company Name Job Title
Alison Cottrell BSB – Banking Standards Board Chief Executive Officer
Thomas Deinet HFSB – Hedge Fund Standards Board Executive Director
Serge Gwynne Oliver Wyman Partner

Standing Sub-Committees

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, special 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

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 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.

Leslie Fasulo (Office Manager)

Leslie 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 five-year tenure.

Hanna Mutawa (Administrative Support)

Coming soon.