Who We Are

Member Firms

Aberdeen Asset Management
Allianz Global Investors
Bank of America Merrill Lynch
Bank of New York Mellon
BNP Paribas
Crédit Agricole CIB
Credit Suisse
Deutsche Bank
Deutsche Börse Group
Goldman Sachs
J.P. Morgan
Legal & General Investment Management
Linklaters (Legal Advisor)
Lloyds Banking Group
London Stock Exchange Group
M&G Investments
Morgan Stanley

Rio Tinto
Royal Dutch Shell
Royal Mail Group
Société Générale
Standard Chartered
Standard Life Investments
State Street
Thomson Reuters
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)

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.


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


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


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


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)

Coming soon.

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.