Who we are

Chair & Director

Mark joined FMSB in May 2016 and is the Chair and a Director of Financial Markets Standards Board Limited, and the Chair of both the FMSB Advisory Council and Standards Board. He was an External Member on the Bank of England’s Prudential Regulation Committee, and Financial Market Infrastructure Board until November 2020. Mark is a Partner at Illuminate Financial Management (a fintech venture capital business).

From 1984 to 2004, Mark was at Morgan Grenfell and then Deutsche Bank where he built and ran a number of trading and sales businesses as Global Head, and served as Global Markets and Corporate and Investment Banking Chief Operating Officer. In 2002 he became Deutsche Bank AG Group Chief Operating Officer. 

Between 2005 and 2011 Mark was Group COO and main board director at ICAP plc. From 2009 to 2011 he also led a number of initiatives to develop industry and regulatory responses to the 2008 financial crisis. 

From March 2013 to September 2014, Mark was UK Group CEO for UBS, overseeing Investment Banking, Wealth Management and Asset Management activities in the UK.

Senior Independent Director

Philippa Foster Back CBE has been the Senior Independent Director of Financial Markets Standards Board Limited since 1 January 2022 and has been a Director since June 2020.

Until April 2020 she was a Director of the Institute of Business Ethics (IBE), a role she has held since 2001. The IBE’s work is focused on promoting high standards of business behaviour based on ethical values.

Philippa was previously Group Treasurer at EMI Group, Group Finance Director at DC Gardner Group and Group Treasurer at Bowater. Philippa has also held a number of trustee, major review committee and non-executive roles throughout her career. She is a past President of the Association of Corporate Treasurers (ACT) and is currently a BEIS/FRC Wates Coalition Group member, a member of the ACT and Finance Leasing Association (FLA) Advisory Panels,  and was a non-executive director of the CISI Board as well as a member of its Integrity Forum until July 2020.

Director & Chair of the Audit and Risk Committee

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. He is currently a member of the Board of Trustees of the Unilever UK Pension Fund and chairs the Investment and Funding Committee of this Pension Fund. Charles is also a Director of Jaguar Land Rover Automotive PLC and Chair of its Audit Committee.

Director & Chair of the Nomination and Remuneration Committee

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 a non-executive director of IRESS, a listed Australian financial technology company, and Kepler Cheuvreux International, the French brokerage company. She was the Chair of Aquis Exchange PLC, a pan-European MTF, until 31 December 2021 and the Chair of XTX Markets Limited, a quantitative-driven electronic market-maker, until 30th 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.

Director

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

Michael is a Director of JP 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.

Chief Executive Officer & Director

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.

Director

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.

Director

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 is the Chair of HSBC Bank plc and was 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.

Chief of Staff

Alison joined FMSB in November 2018. As Chief of Staff, she manages the day-to-day operations of the Secretariat and the business of Financial Markets Standards Board Limited, and provides support to the various FMSB governance fora. Alison read Law at Edinburgh University and then qualified as a Chartered Accountant while at Coopers and Lybrand, before moving to Credit Suisse First Boston (CSFB) where she became the Global Head of Compensation and Executive Compensation. After leaving CSFB, she undertook various freelance compensation consultancy roles, ran various private property businesses and was a partner in her family farming business.

Business Assistant

Carol joined FMSB in March 2020 and supports the Chair and Chief Executive Officer. She also assists the Chief of Staff and Secretariat with event planning and management, and special projects.

Carol has an extensive background in board and senior-level support and event management, most recently at Morgan Stanley.

She read Italian at the University of Reading.

General Counsel and Head of Standards

Chris is FMSB’s General Counsel and Head of Standards and has overall responsibility for all FMSB Working Groups and their publications. Since joining FMSB in April 2020 following a secondment from Linklaters, Chris has played a key role in delivering Standards, Statements of Good Practice and Spotlight Reviews on a broad range of topics including the execution of large trades, data sharing in a new issuance context, use of Term SONIA reference rates, LIBOR conduct risks and the development of risk management frameworks for hybrid working. He is also overseeing FMSB’s nascent and ongoing work on ESG, electronic trading and post-trade processes.

Prior to joining FMSB, Chris spent nine years at Linklaters in the Financial Regulation Group advising a wide range of investment banks, market infrastructure providers and buy-side institutions on numerous areas of UK and European financial regulation. In the fixed income, currencies and commodities space, he has worked on investigations into misconduct in FX businesses and subsequent remediation exercises. During his time at Linklaters, Chris undertook secondments at RBS, Deutsche Bank and BNP Paribas and has recently completed an Executive LLM in international financial law and regulation at the London School of Economics.

Senior Technical Specialist

Mimi Yan joined FMSB in March 2022. Mimi has over a decade of experience in regulatory policy change across Capital Markets structuring, Risk, and Treasury functions.

Following her BA (Hons) in Law from Trinity College, Cambridge, Mimi began her career at Bank of America Merrill Lynch first in M&A financing, and then as a hybrid bond structurer in Debt Capital Markets, predominantly covering financial institution clients.

At Credit Suisse, Mimi served as acting head of EMEA Treasury Capital, before transferring to the Zurich office. There, she was global lead for Recovery Planning at Credit Suisse, working closely with Risk, global desk heads, chief operating officers and regulators, including FINMA, PRA, HKMA.

Mimi holds an LLM (Distinction) in Law and New Technologies from Birkbeck, University of London, with a focus on Regulation, Data Privacy and Intellectual Property.

Mimi works closely with Chris Rich, FMSB’s General Counsel, on the development of the various FMSB publications, including supporting outputs from the Spreads, Rates, ESG and Post-Trade workstreams as well as the Legal Working Group.

Secretariat Support

Sam joined FMSB in January 2020. Reporting to the Chief of Staff,  Sam provides operational support to the FMSB Secretariat, including membership and logistics.

Sam has experience supporting at board level, as Business Assistant & Company Secretarial Assistant. Prior to joining FMSB, Sam worked in the latent defects insurance sector for CRL Management Limited.

Senior Technical Specialist

Ted MacDonald joined FMSB in February 2022. He is a financial services practitioner having held senior roles in business origination, risk management, board-level governance, and more recently, regulation. He has helped transform banking teams and whole organisations and led major change initiatives for the UK Financial Conduct Authority. With a solid reputation for thought leadership and strategic thinking, he has also found time for mentoring staff at junior and middle management levels.

Following 35 years of intense industry responsibility, he joined the FCA in 2014 as an Advisor and stayed on as a Technical Specialist in Conduct & Culture. He published five thematic reviews and led their flagship ‘5 Conduct Questions’ program. This included the CEO Roundtable sessions on Leader Character, Corporate Purpose, Diversity & Inclusion and Psychological Safety. Most of his activity in conduct and culture has included elements of behavioural psychology.

Ted is a fully accredited Mediator and maintains strong links with academia including his favourite role as an unofficial ambassador for the Ivey Business School and the Leader Character Program. He relocated to London from Toronto in 1990.

Ted works closely with Chris Rich, FMSB’s General Counsel, supporting the development of qualifications and thought leadership workstreams.

Head of Communications

A Reuters-trained journalist, Vic joined FMSB in February 2022 having worked across the media and financial sectors for more than 15 years, including at Deloitte, ITV, Thomson Reuters, Refinitiv and London Stock Exchange Group.

A former director in Thomson Reuters’ Innovation group, Vic moved to support Refinitiv’s CEO and leadership team ahead of its acquisition by the London Stock Exchange Group in February 2021.

She has a master’s degree in criminology from Wolfson College, Cambridge University, is an advisor to the charity Urban Synergy and a Board member of the International Association of Business Communicators, UKI.

Nadeem joined FMSB in October 2022 on secondment from Ernst & Young (EY) where he is currently a Graduate Business Consultant in the Wealth and Asset Management team. Nadeem will assist Chris Rich and the Secretariat in the production of publications and research, and support Member meetings – with a particular focus on precious metals markets.

Nadeem completed his BSc in Politics and Economics in 2021 at the London School of Economics.