Who We Are: FMSB Limited Board of Directors

Jonathan joined Financial Market Standards Board (“FMSB”) in June 2023 as Chair and Director of FMSB Limited and Chair of the FMSB Advisory Council.

Having worked in the UK, US and Asia during his 25+ year executive career, Jonathan spent the majority of his career at Bank of America where he became head of Bank of America’s international businesses and European President of Bank of America Merrill Lynch, and the CEO of Merrill Lynch International following the merger of the two companies. Jonathan subsequently served as Chief Operating Officer of Barclays, where he oversaw technology, risk and cost transformation initiatives to help improve the bank’s operational efficiency.

Jonathan has taken on a number of non-executive roles including as a member of the board of Citigroup Inc, Chair of Citi’s international broker-dealer, Citigroup Global Markets Limited and Senior Independent Director and Chair of the Risk Committee at IG Group, the listed global leveraged trading platform.

During his executive career, Jonathan served on key industry associations, including the International Swaps and Derivatives Association (ISDA) as Chair, the Association for Financial Markets in Europe (AFME) as director, the Global Financial Markets Association (GFMA) as director and as a member of the Capital Markets Senior Practitioners of the UK Financial Services Authority. He was the founding co-chair of OTCDerivNet, which promotes the development of a secure post-trade environment for the OTC derivative industry.

Jonathan has a long-standing commitment to music education, both from his experience as a player and benefactor. Among his many charitable interests, Jonathan is Chair of the Advisory and Development Boards of the London Symphony Orchestra (LSO).

In 2015, he received a CBE in the New Year’s Honours List for his philanthropic work for various charities including the LSO. He holds a first-class honours degree in mathematics from the University of Cambridge.

A long-term advocate for raising standards of conduct and ethics in financial markets, Myles McGuinness joined FMSB as CEO in June 2021. His career in investment banking spans 30 years across sales and structuring, deal origination, strategy development and the management of regulatory relationships. He has worked in the UK, the US and prior to joining FMSB, in the Netherlands, responsible for a pan European Capital Markets business.

Myles has chaired Reputational Risk Committees and held several Conduct and Risk committee roles, which included overseeing a Federal Reserve Board remediation programme.

He studied Economics and Geography at the National University of Ireland, Galway and received a MSc in Investment and Treasury from Dublin City University.

Peter has been a Director of Financial Markets Standards Board Limited since August 2025. Peter has had a distinguished career in financial services spanning 40 years. He was a Director of Macquarie Group Limited and Macquarie Bank Limited for fifteen years until 2022, including six years as Chair. Over the course of his extensive career, he served on the boards and committees of a number of ASX-listed, private companies and Government bodies, including ASX Limited and TCorp. Prior to this he had a long executive career at Bankers Trust Australia Limited, where he headed the Financial Markets Group.

He is currently a Non-Executive Director at UniSuper Limited as well as chairing and sitting on the Boards of a number of other APAC-based organisations. He also serves as a member of the Consultative Panel of the Australian Securities & Investments Commission (ASIC).

Niki Beattie has been a Director of Financial Markets Standards Board Limited since June 2020. Niki has extensive corporate governance experience on the boards of both listed and private companies in financial markets, as well as serving on two European regulatory committees.

Niki is Chair of ClearToken, a start-up that will introduce a clearing house to the digital asset marketplace. She was a non-executive director of IRESS, a listed Australian financial technology company until May 2025, the Chair of Aquis Exchange PLC, a pan-European MTF, until December 2021 and the Chair of XTX Markets Limited, a quantitative-driven electronic market-maker, until September 2022.

Niki is also the CEO and Founder of Market Structure Partners, an independent consulting firm providing strategic advice on financial market structure issues to global exchanges, clearing houses, technology firms, market participants and government bodies. She is a member of ESMA’s Secondary Markets Advisory Committee, and was also a member of the FCA’s Regulatory Decisions Committee for 6 years. Prior to setting up Market Structure Partners, Niki spent 14 years at Merrill Lynch across a number of roles, including EMEA Head of Market Structure.

Michael has been a Director of Financial Markets Standards Board Limited since March 2019.

Michael is a Director of J.P. Morgan Securities PLC and the Chair of the Chartered Institute for Securities and Investment (CISI). CISI is the largest professional body for the securities and investment profession in the UK. He was the Chair of the Association for Financial Markets in Europe (AFME) from September 2015 until June 2021.
  
Michael was previously EMEA Chair of BNY Mellon, responsible for governance, culture and strategy development across the region.
  
Before taking up the EMEA Chair of BNY Mellon, he spent 25 years in various roles at both BNY Mellon and Bank of New York in London, Hong Kong and New York.

Charles has been a Director of Financial Markets Standards Board Limited since January 2017 and was the Senior Independent Director until 31 December 2021.

Charles spent 31 years at Unilever where he held various financial and general management roles, including the senior management positions of Group Treasurer, Group Controller and Executive Vice President respectively, and is a former member of the Board of Trustees of the Unilever UK Pension Fund and Former Chair of its Investment and Funding Committee. Charles is also a Director of Jaguar Land Rover Automotive PLC and Chair of its Audit Committee.

Edward became a Director of Financial Markets Standard Board Limited in March 2019.

Edward is a Non-Executive Director and Chair of the Board Risk Committee at J.P. Morgan Securities plc. He is also an Independent Member of the ICE Swap Rate & Term Reference Rate Oversight Committee and an Affiliate of Rutter Associates LLC.

From 2018 to 2022 he was an Advisory Director at Quantile Technologies Limited and from 2014 to 2018 he was a Senior Advisor at the Bank of England. Previously at Morgan Stanley for 24 years where he held a number of senior roles and most recently was Head of Fixed Income Risk Management for EMEA and a Director of Morgan Stanley’s UK bank.

Edward received his MBA degree from Stanford University in 1983 and his AB degree in Economics from Princeton University in 1979.

Stephen has been a Director of Financial Markets Standards Board Limited since December 2018.

Stephen is the Chair and founder of Quantile Technologies Limited, which provides portfolio risk management services for derivative markets. He was the Chair of HSBC Bank plc until 30 April 2025 and a Non-Executive Director of London Stock Exchange Group plc until August 2021.

He was a Non-Executive Director of GE Capital International Holdings Ltd between 2015 and 2017 and of the International Swaps and Derivatives Association (ISDA) between 2009 and 2014 including three years as Chair. He was also the Chair of OTC Deriv Ltd between 2001 and 2011. Stephen was at Morgan Stanley for 25 years where he was a Managing Director and Member of the Fixed Income Division Management Committee. Stephen is a qualified Chartered Accountant.