The FICC Markets Standards Board (“FMSB”) has appointed Gerry Harvey as its first Chief Executive Officer. Harvey has 30 years’ experience in the wholesale financial markets and extensive experience in the regulatory field.
Mark Yallop, Chair of the FICC Market Standards Board (FMSB), said: “I am delighted Gerry is joining the FMSB. He has a deep knowledge of business practices, market structures and regulation in the fixed income, foreign exchange and commodities markets. We couldn’t have found a better person to leadthe FMSB through the next stages of its journey raising standards across wholesale markets.”
Harvey said: “The FMSB has a critical role to play in ensuring markets are fair and effective and I am much looking forward to taking up the position of Chief Executive Officer.”
Harvey was formerly Group Head of Compliance at ICAP from 2010 to 2015. He has also worked as Chief Compliance Officer at Gartmore and before that spent five years as Head of Regulatory Risk for Debt Markets at the Royal Bank of Scotland. He is a qualified lawyer and his working career included spells at LIFFE and the London Stock Exchange.
The FMSB recently published its first two standards aimed at improving conduct in the wholesale markets. The standards, which have been issued in draft form for comment, cover binary options in the commodities markets and reference price transactions in the fixed income rates markets.