The FICC Markets Standards Board (FMSB) has named Martin Pluves as its new CEO.
Pluves joins FMSB from LCH Group, where he was CEO of LCH. He has spent a decade at the firm in a variety of senior roles and was appointed CEO in 2015.
Pluves’ responsibilities at LCH included operations in London as well as in Australia, Japan and North America. Before joining the clearing house, Pluves spent 14 years at PA Consulting, where he was elected as a partner in the financial services practice and was a member of the management group.
Mark Yallop, chair of FMSB, says: “Martin has 20 years’ experience in the financial services sector covering exchange trading, OTC clearing and financial regulation. He has played a significant role during a period of extensive regulatory and industry change over the past decade and brings to FMSB a deep understanding of the forces transforming the FICC landscape. I am delighted that he has agreed to join us as our new CEO.”
Pluves comments: “FMSB plays a hugely important role in seeking to enhance standards of behaviour in FICC markets and in turn promoting the fairness and effectiveness of wholesale markets. It has made significant progress since it was established in 2015 and has also set out an exciting programme of work for the coming years, including looking at emerging vulnerabilities in FICC markets and the challenges of new technologies and artificial intelligence in markets. I look forward to working with Mark and his team and the wider FMSB membership in delivering FMSB’s ambitious strategic agenda.”
Pluves will join FMSB in October, at which point Yallop will revert from being executive chairman to non-executive chairman.