CISI Board of Directors

The CISI's Board of Directors is comprised of non-executive directors who are typically employed in senior positions in firms operating in the securities industry. They meet six times a year to discuss all issues facing the Institute.

The Directors, who are also the Trustees of the CISI, are either elected for a term of three years by ballot of the membership at the AGM, or by the Board.

Alan Yarrow, Chartered FCSI(Hon), Chairman, CISI - Alderman of the City of London

alan yarrowAlan Yarrow was appointed Chairman of CISI in September 2009, having previously served on its Board between 2001 and 2005. He left Dresdner Kleinwort in December 2009, after 37 years with the group, latterly as Group Vice Chairman and Chairman of the UK Bank. Alan currently holds three other non-executive posts as Chairman of Kleinwort Benson Group and a Director of Turquoise Global Holdings Ltd and of Fixnetix Ltd.

Alan was appointed Sheriff of the City of London 2011-12. He is Alderman for the Ward of Bridge & Bridge Without, a Magistrate and a Member of the Council of Almoner’s for Christ’s Hospital.

Alan was previously Deputy Chairman of the FSA Practitioner Panel, Chairman of the London Investment Banking Association (LIBA), director of Complinet, a member of the Takeover Panel, the Council of the British Bankers Association, and of the Chancellor of the Exchequer’s High Level Stakeholder Group.

Alan Ramsay FCSI(Hon), Deputy Chairman, CISI &Senior Advisor, PricewaterhouseCoopers

Alan Ramsay is a Senior Advisor to PwC within their Banking & Capital Markets Practice. He was latterly Global Head of Compliance for HSBC Bank Plc and previously occupied a similar role at Bankers Trust International. Alan has indeed spent the greater part of his career in financial services regulation: he was formerly Executive Director of Surveillance at the Securities and Futures Authority and also occupied senior positions at both The London Stock Exchange and The Securities Association.

A Chartered Accountant by training, Alan is an Honorary Fellow of the Institute and a member of its Integrity & Ethics Committee. He has served on the Board of the Futures & Options Association and is Visiting Professor in the Practice of Financial Regulation and Compliance at BPP Law School.

Philippa Foster Back CBE, Director, Institute of Business Ethics

Philippa began her career at Citibank NA before joining Bowater in their Corporate Treasury Department in 1979, leaving in 1988 as Group Treasurer. She was Group Finance Director at DG Gardner Group, a training organisation, prior to joining Thorn EMI in 1993 as Group Treasurer until 2000. In 2001 she was appointed Director of the Institute of Business Ethics. Philippa served on the Woolf Committee 2007/8 looking at ethical business practice in BAE Systems plc; and has been appointed to the Advisory Board of the Centre for Corporate Reputation at the Saïd Business School at Oxford University and consequently as a Visiting Fellow of the University. Philippa is also on the Board of the Institute of Directors and of RAND Europe. In 2006 she was awarded the OBE for services to the Ministry of Defence where she was formerly a NED and Chair of the Defence Audit Committee. She is past President of the Association of Corporate Treasurers (1999-2000). In the 2014 New Years Honours she was awarded a CBE for services to Antarctic Heritage.

Dr Robert Barnes, Chartered FCSI, Founder & Managing Director, Anopolis Limited

Robert BarnesFounded Anopolis Limited in early 2013. Appointed Chairman of TheCityUK Turkey Advisory Group in 2012. Recognized in FTSE Global Markets 20-20 most influential market leaders of 2011. Chairman at the World Exchange Congress in 2011, 2012 and 2013. Joined the trading team at Swiss Bank Corporation in 1994, gained experience 'downstairs' on the Liffe derivatives floor as a yellow jacket and 'upstairs' trading special situations via brokers. Was Managing Director, Equities responsible for Market Structures at UBS Investment Bank and Chief Executive of UBS MTF until early 2013 Chairman 2004-2009 of the Securities Trading Committee of the London Investment Banking Association, a member of user advisory groups for a number of Stock Exchanges and pro-competitive initiatives world wide, the FSA's Capital Markets Senior Practitioner Committee, Euroclear's UK MAC, European Commission's Clearing and Settlement Advisory and Monitoring Expert Group, FTSE's Country Classification Committee and Policy Group, and a Chartered Fellow and Board Member of the Chartered Institute for Securities & Investment. BA Harvard, PhD Cambridge.

Charlotte Black MCSI - Director of Corporate Affairs, Brewin Dolphin

charlotte blackCharlotte Black is Director of Corporate Affairs at Brewin Dolphin and has been Marketing Director since 1992, having joined the Group in 1987; she is also a member of the company`s Executive Committee. Charlotte is a Member of the Chartered Institute for Securities & Investment and was formerly a Director of CRESTCo Limited and of Euroclear plc. She is also a member of several Advisory Committees in the City and was a Westminster Parliamentary Candidate in 1997.



Fionnuala Carvill, Chartered FCSI, Commission Secretary, Guernsey Financial Services Commission

Fionnuala CarvillFionnuala Carvill, Chartered FCSI FCIB FCIS is Head of Private Wealth Management at Kleinwort Benson, an appointment taken up in 2014. Previous to this role Fionnuala spent four years as Commission Secretary and Head of Innovation at the Guernsey Financial Services Commission. Prior to joining the Commission Fionnuala was a Director of Rothschild Bank (CI) Ltd before deciding to spend five months as a volunteer with VSO in China in 2009 where she was an Organisational Development Adviser. During her time at Rothschild she was responsible for the management and development of the Private Banking business in addition to marketing and business development.

Fionnuala was previously a director at Bank Sarasin (CI) Limited (formerly Rabobank Guernsey Limited) where she was one of five founder staff members of Rabobank who established and developed the bank in Guernsey.

Fionnuala is a Board Member of The Chartered Institute for Securities & Investment; a Past President, and committee member of The Chartered Institute for Securities & Investment, Guernsey Branch; a Chartered Fellow of The Chartered Institute for Securities & Investment; a Fellow of the Chartered Institute of Bankers (Institute of Financial Services); a Fellow of the Institute of Secretaries and Administrators; an Ambassador for the Chartered Management Institute; a Council Member of the Guernsey Chamber of Commerce; a director of The Guernsey Community Foundation; a member of the Institute of Directors; Past President of Women in Professions; a Liveryman of the Worshipful Company of International Bankers and was granted Freedom of the City of London in 2007.

Richard Charnock, Chartered FCSI, MD Adviser and Investments, Standard Life

Richard CharnockRichard Charnock is Chief Executive Officer of Standard Life Wealth, a Discretionary Fund Management business for high net worth private clients and a wholly owned subsidiary of the Standard Life Group. He is also Chief Executive of Standard Life Savings which provides propositions and platforms to intermediaries in the retail savings sector. He was previously Chief Executive of ING subsidiary Williams de Broë, an institutional trading and private client business, and prior to that Chief Executive of Lloyds TSB Private Banking and Lloyds TSB Stockbrokers. He is a fellow of the Chartered Institute for Securities & Investment and a member of the CISI Ethics and Integrity Committee. Richard is also a member of the Worshipful Company of International Bankers and the Cornhill Club and is past Chairman of the Old Salopian Club and a trustee of the Shrewsbury School Foundation.

Chris Harris-Deans, Chartered FCSI, Director, Charles Stanley & Co Ltd

Chris Harris-DeansMr Harris-Deans joined Greig Middleton/Gerrard in 1996 and became Regional Centre Head of Exeter in 2004. On the office's acquisition in 2007 by Charles Stanley, Mr Harris-Deans was appointed Senior Branch Director and in July 2012 he was appointed a Director of Charles Stanley & Co Ltd. Mr Harris-Deans is a Chartered Fellow of the Institute and has been a member of its West Country Regional Branch since 1997, and was President of the Branch Committee from 1999 to 2002. He has been a member of the Institute's Membership Committee since 2002, and was appointed its Chairman in 2007.

Paul Hedges, Chartered FCSI - Regional Head of Asia Pacific Network Management and Market Intelligence, Hongkong & Shanghai Banking Corporation

Paul HedgesCurrently based in Singapore, Paul is the Regional Head of Asia Pacific Network Management and Market Intelligence for The Hongkong & Shanghai Banking Corporation.

Prior to joining HSBC, Paul was an industry specialist and product advisor with JP Morgan Chase Worldwide Securities Services, and Global Head, Securities Services with Standard Chartered Bank.

Paul is President of its National Advisory Committee in Singapore and sits on the Membership Committee in London. Paul was a Director of the Hong Kong Securities Institute in 2003/2004.

David Kane, Managing Director, Global Head of Fiduciary & Compliance Services, J.P. Morgan

David KaneDavid joined J.P. Morgan in 1987 and has been COO of a wide range of Securities Services activities, becoming CEO of Fiduciary & Compliance Services in June 2012. J.P. Morgan's Fiduciary franchise is the largest depositary in Europe, providing Trustee and Depositary services to more than 2,000 Collective Investment Schemes of total value of $1.4 trillion, with clients supported by specialist staff across 12 locations including London, Luxembourg, Dublin, the Channel Islands, Zurich, Frankfurt and the Nordics. Prior to joining JP Morgan, David worked between 1980-1987 with Esso at their Oil Refinery near Southampton and also at their European Corporate Headquarters in London where he held a range of Operations and Finance roles.

David is a Chartered Management Accountant and has a BA in Accountancy.

Frank Moxon CF, Chartered FCSI – Managing Director, Hoyt Moxon Ltd

Frank MoxonFrank Moxon is managing director of Hoyt Moxon Ltd, a corporate finance adviser to mining and oil & gas companies and their professional advisers, and chairman of Imperial Minerals plc. He is also a member of the CISI's Audit and Membership committees, chairman of the CISI Corporate Finance Qualifications Assessment Board and of the ICAEW/CISI Diploma in Corporate Finance Examination Panel, Junior Warden of the Worshipful Company of International Bankers and vice chairman of the RNLI City of London Committee. He has formerly been head of corporate finance at Williams de Broë plc, senior independent non-executive director of Cove Energy plc and chairman of the CISI Corporate Finance Forum, which he founded.

David Nicol, Chartered FCSI, Chief Executive, Brewin Dolphin plc

David NicolDavid Nicol worked for Morgan Stanley in London from 1984 to 2010 in a number of Operations and Finance roles. He trained and qualified in 1980 as a Chartered Accountant with Ernst & Young in Glasgow, and spent two years working for KPMG in Hong Kong before joining Morgan Stanley. He was appointed Chief Executive of Brewin Dolphin plc in March 2013. David is a member of the council of ICAS and a Chartered FCSI.



Nick Parkes, Chartered FCSI - Managing Director, Novitas Partners LLP

Nick ParkNick has been a partner at Novitas Partners LLP since 2005. Prior to this he was Managing Director, Head of European Fund Services, Bank of New York and has also held positions at Arthur Andersen, where he was a Partner, Lazards and Bank of America. He is a Fellow of the Institute of Chartered Accounts of England and Wales and a Fellow of the Chartered Institute for Securities & Investment.




Clive Shelton, Chartered FCSI, Risk & Compliance Director, International Financial Data Services

Clive Shelton is a director of International Financial Data Services (UK) Limited. Clive is Deputy Chairman and a non-executive director of the Tax Incentivised Savings Association (TISA). He has served on a number of industry bodies, working groups and committees. Clive is a member of the CISI Examination Board and co-author of various books published by the Institute. He is also a non-executive Director of Unicorn Training Group a provider of learning management systems and content and a member of the Investment Management Association’s Education & Training Committee.

After 14 years at the Bank of England he joined the M&G Group in 1987, becoming Chief Registrar in 1992, and following the acquisition of M&G by the Prudential PLC, an associate director in 2000 and Director of Compliance responsible for retail operations and third party administration in 2001. He joined IFDS in February 2003 where he is responsible for overseeing Compliance, Risk Management, Business Continuity Planning and Financial Crime Prevention across their European and Asian operations.

Richard Stockdale, Chartered FCSI - Chief Executive, QCo Holdings (also President of CISI UAE Regional Committee)

Richard StockdaleRichard spent his entire banking career with LloydsTSB Bank, formerly as Middle Eastern Regional Head and latterly as CEO of Global Services and as India Country Head. He has spoken on the subjects of anti money laundering, combating terrorist financing and corruption at the request of the UN, IMF/World Bank, Arab Monetary Fund, Swiss Government and UAE Central Bank, et al. He has been an expert trial witness for the US Dept of Justice and sits on a NYC committee advising the UN Security Council Monitoring Committee on Terrorist Financing Sanctions. Since leaving LloydsTSB Richard has established and is a shareholder and the CEO of QCo Holdings Limited, a Washington DC company offering consultancy and educational services in the above specialist subject areas. Richard is a Fellow of the CISI and of the Chartered Institute of Bankers, and President of the CISI`s UAE Committee.

Nick Swales, Chartered FCSI - Regional Director, Rathbones

Nick SwalesAfter attaining a degree in Politics and Economics from The University of Newcastle upon Tyne, Nick started his professional career as a private client stockbroker with Wise Speke and in 1990 and after gaining the CISI Diploma, became a member of the London Stock Exchange. Nick developed his career by working for two international banks, Merrill Lynch and UBS before becoming Regional Director of Rathbones heading up its Newcastle upon Tyne office.

As well as his role on the CISI Board, Nick Chairs both the CISI Education Committee and the Investment Sub Committee.

Nick is Chairman of the Board at the Percy Hedley Foundation a Charity for Disabled people based in the North East and is Trustee of both the Newcastle University Retirement Benefits Fund and the University’s Development Trust.

Richard Wastcoat - Non-Executive Director, First State Investments and Duncan Lawrie Private Bank

Richard WastcoatRichard Wastcoat received a BS in Business Administration from Lehigh University, Bethlehem, Pennsylvania in 1983. He joined Fidelity Investments in Dallas, Texas and relocated to London with Fidelity International in 1989. He worked on the development of Fidelity`s business in a number of markets in South East Asia while based in Hong Kong from 1989 to 1996. He returned to the UK in 1996 and in 1999 became Chief Executive of Fidelity Investment Services with responsibility for the UK mutual fund business and subsequently Funds Network, Fidelity`s Platform business. In addition to his role in the UK he held other roles concurrently, including Fidelity`s businesses in Spain and the Nordic Region (2001-04), the Middle East and Africa (2005-06) and since 2003 Fidelity`s Asset Management Business in India. He retired from Fidelity in September 2008.

Mr Wastcoat was a member of the Board of the Investment Management Association and currently serves on the Board of the following organisations. First State Investments, Duncan Lawrie Holdings and in 2013 he resigned from the Board of the Financial Skills Partnership, formerly the Financial Services Skills Council.

Martin Watkins, Chartered FCSI – Director, Financial Services, Ernst & Young LLP

AlisonwardenAn experienced market infrastructure professional, Martin is a Director at Ernst & Young LLP and has worked closely with Exchanges, CCPs and CSDs across EMEIA. He held senior management and operations positions at Euroclear UK & Ireland before transferring to work in Brussels for Euroclear SA/NV. Prior to this, he was a member of Executive Management and Division Head for Clearing at AtosEuronext in Paris, running all continental European technology for LCH.Clearnet SA.

Martin is a member of the CISI Membership Committee, founding Chairman of the European Regulation Interest Group and Deputy Chairman of the Financial Technology Forum. He is a Chartered Fellow of the Chartered Institute for Securities and Investment, Fellow of the Institute of Directors and Fellow of BCS, the Chartered Institute for IT. He is also a Liveryman at the Worshipful Company of Information Technologists.