Written on: 8 March 2023

In a message to FMSB Members and supporters, Chair Mark Yallop today announced a pilot mentoring programme to give members of the financial community direct boardroom experience.

Mark Yallop said: “This is a new initiative for 2023 where successful candidates will spend a year gaining practical boardroom experience to assist them with attaining a non-executive board role in the future.”

FMSB identified LSEG’s Sabina Liu and J.P. Morgan’s Emma Mangan as the first participants in our Board mentoring programme, after a successful interview process carried out by Teneo People Advisory.

“Sabina and Emma will see the work of the Board first-hand during a 12-month period and gain practical insight into the workings and decision-making processes of the FMSB Limited Board and its committees. They will be mentored by FMSB’s Non-Executive Directors and, importantly, they will enrich our own Board discussion with their expertise and perspectives.”

Sabina is Head of Equities Trading Sales, APAC, and also responsible for key UK account coverage, at London Stock Exchange Group. With a background in international journalism and an MBA from Oxford Said Business School, Sabina has spent 12 years with LSEG, leading strategy and business development across APAC and for several global banks based in the UK with expertise in equity secondary markets and post trade. She is also Global Co-Chair of LSEG’s women’s network WIN, influencing and shaping diversity and inclusion in the workplace and the financial services industry. Sabina started the mentoring programme in January 2023.

Emma is the newly appointed Merchant & Card European Head of Technology within J.P. Morgan’s Corporate Investment Bank. Her experience spans wholesale markets and securities services, management consultancy, civil and environmental engineering. She has completed her Chartered Financial Analyst (CFA) in ESG investing and has been an active participant in a number of FMSB workstreams in recent years. Emma starts the mentoring programme in July 2023.

Non-Executive Director (NED), Niki Beattie, said: “Diversity and inclusion starts from the top of the organisation. By creating this programme, FMSB hopes to bring diverse perspectives to our own Board and to grow diverse talent that will bring positive changes to other businesses at the Board level.

“This programme will help candidates gain corporate governance experience, enabling them to take their first step to become NEDs.”

FMSB Chief Executive Office, Myles McGuinness, adds: “This programme is highly pragmatic in its approach to improving diversity of thought in the boardroom. I know we will gain as much from the insights of our participants in this programme as they gain from us and look forward to working with our Board and Sabina and Emma.”

It is hoped that the FMSB Board mentoring programme will operate on an annual basis, and the opportunity to participate in the programme in 2024 will be made available to interested parties in early 2024.


Notes to editors


  • FMSB Non-Executive Director Niki Beattie is CEO and Founder of Market Structure Partners, an independent consulting firm and is a member of the European Securities and Markets Authority (ESMA) Secondary Markets Advisory Committee. Niki was also a member of the FCA’s Regulatory Decisions Committee for six years. Prior to setting up Market Structure Partners, Niki spent 14 years at Merrill Lynch in roles including EMEA Head of Market Structure. Details of the full FMSB Board are here.
  • The Financial Markets Standards Board (FMSB) is a standards setting body for the wholesale financial markets.
  • FMSB currently has 47 Members and our full membership list is here.
  • Created out of the Fair and Effective Markets Review (FEMR) in 2015, FMSB brings together its members from buy-side, sell-side, global corporate and infrastructure provider organisations 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 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.
  • Teneo People Advisory is a part of the global CEO advisory firm Teneo. 


Vic Silverman
Head of Comms

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