Abrdn Joins FMSB
Posted by Colin Lambert. Last updated: January 16, 2023
UK investment manager Abrdn has joined the Financial Markets Standards Board (FMSB), which seeks to promote market-led best practices in financial markets.
FMSB is a UK-based body that was formed out of the UK Government’s Fair and Effective Market Review in 2015. It seeks to bring together members from buy and sell side, global corporates, as well as infrastructure provider organisations to develop standards, spotlight reviews and statements of good practice 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.
“We are looking forward to joining FMSB and to contributing to its important work shaping standards which support transparent, fair and effective wholesale financial markets to operate in the best interests of our clients and market participants,” says Gareth Murphy, chief risk officer, Abrdn.
“We are pleased to welcome Abrdn as a member,” adds Myles McGuinness, CEO, FMSB. “Having asset managers set standards with their counterparts from the wholesale financial markets is critical to making the markets fairer and more effective.
“We have a busy agenda for 2023 and look forward to Abrdn’s contribution to FMSB’s pursuit of fairer and more effective global financial markets, strengthening trust in wholesale financial markets,” he adds.