Charles Nichols stepped down from the Board of Financial Markets Standards Board (FMSB) Limited on 31 March 2026 following a long-standing period of service to the organisation.
Charles sat on the Market Practitioner Panel which fed into the work of the Fair and Effective Markets Review in 2014/15 and led to the inception of FMSB. He became a Director of Financial Markets Standards Board Limited in January 2017 and was Senior Independent Director for three years. He also chaired FMSB’s Audit & Risk Committee from March 2021 to December 2025. During his tenure Charles played an important role in overseeing FMSB’s development and growth into a globally recognised body for standards and good practice in wholesale financial markets.
Jonathan Moulds, Chair of Financial Markets Standards Board Limited said:
“On behalf of the Board, I would like to extend our sincere thanks to Charles for his long-standing commitment and significant contribution to FMSB. During this time, he was instrumental in shaping the organisation and supporting its growth into a respected forum for developing globally recognised Standards and good practice in wholesale markets. We are also grateful for his perspective and oversight as a Senior Independent Director and Chair of the Audit & Risk Committee.”
Over the course of his executive career, Charles spent 31 years at Unilever, where he held a range of senior financial and general management roles, including Group Treasurer, Group Controller and Executive Vice President. He 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 currently serves as a Director of Jaguar Land Rover Automotive PLC and Chair of its Audit Committee.
Notes to editors
About FMSB:
- Financial Markets Standards Board (FMSB) is an industry-led, member-funded global standards body for the wholesale financial markets.
- Created out of the Fair and Effective Markets Review (FEMR) in 2015, FMSB brings together its Members from banks, investment institutions, infrastructure and information providers, corporates, pension funds and non-bank liquidity providers, to develop Standards, Statements of Good Practice and Spotlight Reviews that raise standards of behaviour, competence and awareness – to promote the fairness and effectiveness of global wholesale financial markets.
- As well as standard setting, subject matter experts from member firms debate issues in working groups and are able to benchmark their approaches against industry peers, thus helping to lift standards of conduct.
- Access FMSB’s 2026 workplan
- See FMSB’s full membership