FMSB Names Three to Board

The FICC Markets Standards Board (FMSB) has made three new appointments to the board of FMSB Limited.

Martin Pluves, CEO of FMSB, has been appointed to the board as executive director, reflecting what the body says is “the highly successful completion of his first six months as CEO of FMSB and his exemplary leadership during the past few months of pandemic lockdown”.

The board has also appointed Niki Beattie and Philippa Foster Back CBE as new non-executive directors. Beattie has extensive corporate governance experience in financial markets and is currently chair of both XTX Markets and MTF Aquis Exchange, as well as a non-executive director of IRESS, a listed Australian financial technology company, and Kepler Cheuvreux International, the French brokerage company.

She is 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. Prior to setting up Market Structure Partners, she spent 14 years at Merrill Lynch across a number of roles, including EMEA head of market structure.

Foster Back has recently stepped down as 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. Foster Back was previously group treasurer at EMI Group, group finance director at DC Gardner Group and group treasurer at Bowater. She has also held a number of trustee, major review committee and non-executive roles throughout her career and is currently a BEIS/FRC Wates Coalition Group member, a member of the ACT Advisory Panel and a member of the CISI Board and its Integrity Forum.

“I’m delighted to welcome Martin, Niki and Philippa as new directors of FMSB,” says Mark Yallop, chairman of FMSB. “Martin’s dedication to FMSB’s mission and personal passion for our work is evident to all who have worked with him the last months. Niki and Philippa bring significant knowledge and experience of wholesale markets and of promoting high standards in business practices. Martin, Niki and Philippa will all play an important role in the governance and direction of FMSB as we continue to work with our members to enhance standards of behaviour in the wholesale FICC markets.”

The new new members Yallop,and existing non-executive directors Michael Cole-Fontayn, Charles Nichols, Edward Ocampo and Stephen O’Connor.

Colin Lambert

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