A former head of fixed income at BNP Paribas has joined the International Capital Markets Association (ICMA) as its new chairman.
Martin Egan was elected to the position this week and is replacing Spencer Lake, formerly at HSBC, in the role.
Egan has since been promoted at BNP Paribas and is currently global co-head of primary and credit markets, having been with the bank since 2001.
Prior to that, Egan worked at Credit Suisse First Boston as a director and syndicate manager for eight years and has also spent time with UBS and JP Morgan in roles linked to debt issuance.
Several firms have also been elected to the ICMA board, including Allianz global Investor, Morgan Stanley, Barclays Capital Securities and UBS.
ICMA currently has over 500 member firms from almost 60 countries and provides recommendations for the issuance, trading and settlement in fixed income markets.