NatWest capital markets head appointed CEO of FMSB

New chief executive officer at FMSB will replace Martin Pluves, who announced he would be stepping down in February.

The FICC Markets Standards Board (FMSB) has appointed the former head of capital markets at NatWest Markets, Myles McGuinness, as its new chief executive officer.

McGuinness replaces Martin Pluves, who stepped down from the role to focus on his charitable endeavours, such as his work for the Ellen MacArthur Cancer Trust, in February this year.

Pluves had been CEO of FMSB since 2019 after spending 10 years at UK-based clearing house LCH in several senior operational and regulatory roles, including five years as CEO.

McGuinness joins FMSB from NatWest Markets where he has held a variety of different senior roles over the last 20 years. Most recently, McGuinness acted as head of capital markets, where he was responsible for establishing the bank’s new capital markets business in Europe.

Prior to NatWest, he spent 10 years at Dutch bank ABN AMRO in the fixed income, currencies and commodities (FICC) markets business.

McGuinness also has considerable experience working with regulators in the UK, Europe and the US, having previously been chair of NatWest Markets Reputational Risk Committee.

“I am delighted Myles is joining FMSB as our new CEO. He 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,” said 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.”