FICC board CEO Martin Pluves to step down 01 February 2021US Reporter: Drew Nicol
Image: Martin Pluves
Martin Pluves, CEO of the Fixed Income Currencies and Commodities’ (FICC) markets standards board (FMSB), will step down in Spring, once a successor is found.
Pluves joined FMSB in 2019 and has “played a pivotal role in all FMSB activities, including the establishment of new working groups, the finalisation of several standards and the production of a series of Spotlight Reviews looking at various areas of market practice,” according to the board.
Alongside his role as CEO, Pluves has significant charitable and other commitments, including to the Ellen MacArthur Cancer Trust where he is a trustee.
In a statement, Pluves confirmed he has “decided the time is right” for him to take a step back from his full-time leadership role in financial services to allow him to focus his efforts and time on these non-executive roles.
Pluves will stay in his post until the Spring, to allow the board time to find a successor.
Prior to joining FICC's board, Pluves was at clearinghouse LCH for a decade where he served in several senior roles starting with as COO of ForexClear and ending as LCH's CEO.
Mark Yallop, chair of FMSB, says: “On behalf of everyone at FMSB I want to thank Martin for his tremendous contribution as CEO.
“He has been an extremely effective leader and during his time FMSB has produced a range of important materials, all of which support its role of enhancing the fairness and effectiveness of wholesale markets.
“Martin’s charitable and other interests will be big winners from our loss and we wish him every success as he begins a new chapter in his career," Yallop says. "He has very generously agreed to remain at the helm and help us to locate his successor in an orderly transition; we have already started this process and believe it will attract a range of high calibre applicants.”
Pluves adds: “I am extremely grateful to all FMSB members for the support and effort they have shown, as well as to my colleagues in the FMSB Secretariat.
“FMSB plays a vital role in wholesale markets and I’m sure will continue to be successful as I step away from full-time leadership to dedicate more time to a range of different projects which are close to my heart.”
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Image: Martin Pluves 