Paul Richards is stepping down as head of market practice and regulatory policy (MPRP) at the International Capital Market Association (ICMA).
Following 50 years in the international capital markets, Richards will leave his role at the end of June 2024.
He will then assume the position of senior advisor to ICMA until the end of the year.
During his 18-year tenure at ICMA, 16 of which he spent as head of MPRP, Richards worked with members on the implications of the global financial crisis and Brexit.
He also contributed to the London Interbank Offered Rate (LIBOR) transition in the bond market, where he chairs the RFR Bond Market Sub-Group.
ICMA will now begin a comprehensive search for Richards' successor.
Bryan Pascoe, chief executive of ICMA, comments: “I would like to thank Paul for his extraordinary dedication and commitment, and for the unique contribution he has made to ICMA and the international capital markets more broadly.
“I look forward to continuing to work with Paul in his current and future roles through this year.”
