The FMSB limited, a UK based government regulatory body which works to prevent poor market practices in fixed income, currencies and commodities market has revealed a slew of appointments made to its board of directors. As per statement released by the firm, it has onboarded Mrs. Philippa Foster Back and Mrs. Niki Beattie to its management board. Mr. Martin Pluves will take on the role of Chief Executive Officer and Executive Director while Mrs. Foster and Mrs. Beattie join in the role of non-executive directors. While the two new non-executive directors are new addition to the team, Mr. Pluves has been a part of the firm for quite a while now and his appointment as head of the unit comes in great part due to his successful term of last six months during which led the regulatory body during tough times of covid-19 impacted market and economy.
Given the tough times predicted ahead as UK and global market recovery from impact of covid-19, the firm believes that Mr. Pluves will lead the regulatory unit on successful spree by leveraging on his extensive knowledge and experience in FICC market and their infrastructure. Mrs. Foster Back who joins the board most recently served in the role of Director at Institute of Business Ethics IBE having held the role for nearly two decades now. Foster took on the role at IBE in 2001 prior to which she served as Group Treasurer at EMI Group and as Group Finance Director at DC Gardner Group. She is also serving as Group Member at BEIS/FRC Wates Coalition and a member of CISI Board and its Integrity Forum.
Mrs. Beattie is an expert with years of corporate governance in financial markets and is serving as Chair of XTX Markets Ltd & Pan-European MTF Aquis Exchange Plc aside from her current role at FMSB Limited. Aside from her role as Board of Director, she is also serving as CEO of Market Structure Partners, an independent consulting firm she established in August of 2008. Over the course of last 12 years, the firm has grown exponentially and is currently catering to global exchanges, clearing houses, technology firms, market participants and government bodies. Earlier in her career, she spent nearly 14 years serving as Managing Director at Merrill Lynch.
Commenting on the addition made to firm’s board, Mark Yallop – Chairman of FMSB said “I’m delighted to welcome Martin, Niki and Philippa as new directors 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”.