FIX Protocol Limited (FPL) has ceased its consulting agreement with EMEA regional director Stuart Adams, subsuming duties of the role into its regional committee.
The decision follows a review of the organisation’s spending which will also result in the reassignment of technical resources to focus on key areas and an extension to the remit of its program office to help develop new initiatives.
Speaking about the changes, Jim Kaye, co-chair of the FPL global steering committee, and director, product development, European execution services at Bank of America Merrill Lynch, said the outgoing Adams had advanced the organisation’s aims in the region.
“He has especially helped to build up FPL’s involvement in a wide range of regulatory and market structure areas. As a result, FPL now has a very strong platform on which to continue its work. I would like to thank Stuart for getting FPL to where it is today and wish him every success in the future,” Kaye said.
Meanwhile, London-based buy-side trade body ICI Global, the international arm of US entity the Investment Company Institute, has hired a former UK financial regulator to lead its global legal affairs department.
Elizabeth Todd will prise the role of director of global legal affairs for ICI Global, joining from UK markets watchdog the Financial Services Authority where she was tasked with developing policy around the Alternative Investment Funds Managers Directive.
Todd will report to Dan Waters, managing director, ICI Global, and is the second hire for the organisation with senior experience for a national regulator. Last month, Quimei Yang, who held senior positions at the China Securities Regulatory Commission, was appointed to run the first ever ICI Global Asia office, which will be based in Hong Kong.