Michael succeeds Sir Alan Yarrow, Chartered FCSI(Hon) who has not sought re-election, having completed nine years. The term of office is initially for three years.
After a 35-year career in financial services at BNY Mellon, Michael has several other roles which will continue alongside his role at the CISI. He is chairman of the Association of Financial Markets in Europe; founding director and advisory council member of the Financial Markets Standards Board; trustee of the Charlie Waller Memorial Trust (mental health charity) and founding chairman of global programme the 30% Club. Michael is also a patron of Women in Banking and Finance.
He said: “I am extremely pleased to be officially working with the institute now as its chairman. I am particularly delighted to support the CISI’s commitment to raising standards, conduct and professional behaviour, both in the UK finance sector and globally and I look forward to helping to encourage the next generation’s enthusiasm for a career in finance.”
CISI CEO Simon Culhane, Chartered FCSI said: “I very much look forward to working with Michael strategically so that we can remain adaptable and responsive as we grow our membership and professional qualifications both here in the UK and in global markets.”
Two directors were elected to the CISI Board at the AGM: Martin Ruskin CFPTM Chartered MCSI and Chris Allen MCSI. Martin is head of business development at Paradigm Norton Financial Planning and chairman of the CISI’s Financial Planning Professional Forum. Chris was appointed HSBC’s regional head, global private banking EMEA in April 2018, having previously served as CEO of HSBC Private Bank in the UK, with oversight of HSBC Private Bank’s businesses in the Channel Islands, France and Germany.