Written on: 11 February 2020

11 February 2020: The FICC Markets Standards Board (FMSB), a standard setting body for the global wholesale fixed income, currencies and commodities (FICC) markets, today announces the appointment of Chris Rich as General Counsel.

Chris will join FMSB on 1 April 2020 from Linklaters, where he is a Managing Associate in the Financial Regulation Group. He is currently on secondment with FMSB and will therefore transfer over full-time in April.

In this newly created role, Chris will be responsible for advising FMSB executive management on all legal matters, as well as supporting FMSB members in the development of new Standards and Statements of Good Practice. He will also be responsible for managing all the organisation’s legal and regulatory affairs.

Chris joined Linklaters in 2011 and has since worked with a wide range of financial services clients including secondments to RBS, Deutsche Bank and BNP Paribas.

FMSB is a practitioner-led, membership organisation with active participation from 50 corporate, buy-side, sell-side, markets services and infrastructure providers.

Martin Pluves, CEO of FMSB, said: “I am delighted that Chris Rich is joining FMSB as our first General Counsel. This is a very important role for both FMSB and its members as we continue to develop the organisation and work to raise standards in wholesale markets. He has significant experience of working with the financial services sector and in supporting FMSB. I look forward to him joining us in April and supporting our ambitions for 2020 and beyond.”

Chris Rich said: “FMSB has an impressive track record of partnering with its members and other market participants and has a critical part to play in global wholesale markets. I have been very impressed with the work FMSB is doing and am looking forward to working with Martin, the rest of the FMSB team and member firms to provide them with strong legal support and guidance.”


Media contacts


Andy Donald or Sam Turvey

T: +44 207 379 5151

E: adonald@maitland.co.uk



Notes to Editors

 1) The Fixed Income, Currencies and Commodities (‘FICC’) Markets Standards Board (‘FMSB’) is practitioner led, funded by members and operated by the major participants in wholesale markets to improve standards of conduct in wholesale FICC markets. It aims to bring transparency to grey areas in the wholesale FICC markets by identifying emerging vulnerabilities, clarifying and documenting practice and agreeing standards to improve conduct and market behaviour. Ensuring that wholesale FICC markets are transparent, fair and effective for all participants is at the heart of FMSB’s mission.

2) Setting up the FMSB was one of the main recommendations from the Fair and Effective Markets Review, which was conducted by HM Treasury, the Bank of England, and the Financial Conduct Authority.

3) FMSB has a Standards Board drawn from senior executives from across wholesale markets, from corporate clients, asset managers, sell-side participants and intermediaries and infrastructure providers such as exchanges and custodians. Reporting to the Standards Board are a number of committees, sub-committees and working groups. There is also an Advisory Council representing the interests of member firms.

4) FMSB members bring together sell side investment banks, buy-side asset managers, market infrastructure providers and exchanges, custodians and users of the market such as corporates. This constitution is unique. The member firms are:

  • AstraZeneca
  • Australia and New Zealand Banking Group
  • BAE Systems
  • 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
  • Euronext FX Inc.
  • Goldman Sachs
  • HSBC
  • Invesco
  • JP Morgan
  • Legal & General Investment Management
  • Linklaters (Legal Advisor)
  • Lloyds Banking Group
  • London Stock Exchange Group
  • M&G Investment Management Limited
  • MarketAxess
  • Morgan Stanley & Co. International plc
  • National Australia Bank
  • Nomura
  • RBS
  • Refinitiv
  • Rio Tinto
  • Royal Bank of Canada
  • Royal Dutch Shell
  • Royal Mail Group
  • Société Générale
  • Standard Chartered
  • Standard Life Aberdeen
  • Tradeweb
  • Tradition
  • UBS
  • Vodafone
  • XTX Markets


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