McGuinness New FMSB CEO
Posted by Colin Lambert. Last updated: June 7, 2021
The FICC Markets Standards Board (FMSB) has named Myles McGuinness as its new chief executive officer – he replaces Martin Pluves, who recently stepped down, as reported in exclusive content in The Full FXweekly newsletter on May 4.
McGunniess joins FMSB from NatWest Markets where he has spent the last 20 years across a number of senior roles, most recently as head of capital markets NV, where he was responsible for establishing the bank’s new capital markets business in Europe.
FMSB says McGuinness has extensive experience of working with regulators in the UK, Continental Europe and the US and has been a chair of NatWest Markets Reputational Risk Committee. Prior to NatWest, he spent 10 years at ABN Amro in its FICC markets businesses.
“Myles has spent his whole career working in wholesale markets and therefore brings a vast amount of experience and knowledge of the issues that FMSB is seeking to address,” says Mark Yallop, chair of FMSB. “He also has significant leadership experience and strong relationships with a variety of FMSB’s key stakeholders in the UK, Europe and the US. I look forward to working with him and continuing to deliver FMSB’s ambitious strategic agenda.”
McGuinness adds, “FMSB is an organisation whose activities and membership encompasses a wide spectrum of wholesale markets activity. It has recently produced high-quality work on a range of topics including Libor transition, machine learning and the use of data as part of the overall remit of enhancing the fairness and effectiveness of wholesale markets. I am very excited about joining and leading this important organisation and building on the success it has enjoyed to date.”