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Macquarie Bank, ICMA…

Gormley Joins Macquarie

Macquarie Bank has confirmed the appointment of Thomas Gormley as a division director in the firm’s fixed income, currency and commodities division.

Gormley will start on 1 August and will be based in New York. His responsibilities will include selling all FX loan products for emerging markets and G7 countries.

Gormley joins from Standard Chartered where he was a director of FX sales for three years, a position he left in April this year. Before this he was a senior vice president at Lehman Brothers and a director at Merrill Lynch.

ICMA Names New Chairman

The International Capital Market Association (ICMA) has named Cyrus Ardalan as its new chairman with immediate effect. Ardalan succeeds Hans-Joerg Rudloff, who has served as ICMA’s chairman since June 2005.

During the six years of Rudloff’s tenure, ICMA divested its commercial operations and refocused entirely on its core mission to improve the efficiency of the cross-border securities markets, while continuing to set standards of best market practice against the backdrop of the most severe financial crisis that most people can remember.

Ardalan is vice chairman of Barclays Capital, responsible for the firm’s investment banking activities with sovereigns and government agencies in Europe, the Middle East and North Africa and supranational institutions globally. He joined Barclays Capital in November 2000 from BNP Paribas where he held a number of senior positions between 1990 and 2000. Previously he was a managing director at Chemical Bank and division chief of treasury operations at the World Bank in Washington.

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