CISI Board of Directors

Our 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 Alan Yarrow left Dresdner Kleinwort in December 2009, after 37 years with the group, latterly as Group Vice Chairman and Chairman of the UK Bank and was appointed Chairman of CISI earlier that same year.

In addition to being Chairman and Chartered Honorary Fellow of the CISI, Alan is a Director of Turquoise Global Holdings Ltd, Institutional Protection Services Ltd, Garden Bridge Trading Ltd and Arbuthnot Banking Group. He is also a Trustee of the Lord Mayor’s Appeal Ltd, Vice President of the Royal Mencap Society, Almoner of Christ’s Hospital and Senior Advisor to Kleinwort Benson Group.

Alan is an Alderman, Magistrate and HM Lieutenant of the City of London and a Liveryman of the Fishmongers, and a number of other Livery Companies. He is a member of the Takeover Appeal Board, the Advisory Board of the Commonwealth Investment & Advisory Council, a Doctor of Science Honoris Causa of City University London, an Honorary Fellow of the Institute of Chartered Secretaries & Administrators, a Knight of Justice in the Order of St. John and in July 2015 was awarded the Order of the Aztec Eagle, Mexico. In January 2016, Alan received a Knighthood for services to international business, inclusion and the City of London.

Alan was formerly Lord Mayor of the City of London for the year 2014-15, Sheriff in 2011-12, Trustee of the Police Foundation, Deputy Chairman of the FSA Practitioner Panel, Chairman of LIBA (now AFME), Chairman of Complinet Ltd, a Director of Fixnetix Ltd, Chairman of Kleinwort Benson Group, Member of the Takeover Panel, the Council of the British Bankers Association and the Chancellor of the Exchequer’s High Level Stakeholder Group.
Alan Ramsay has spent the greater part of his career in financial services regulation. He was latterly a Senior Advisor to PricewaterhouseCoopers advising clients on a wide range of compliance and regulatory issues within their Banking & Capital Markets Practice. He was previously Global Head of Compliance for HSBC Bank Plc whom he joined from Bankers Trust International where he occupied a similar role. At an earlier stage in his career, Alan was 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, a member of its Integrity & Ethics Committee.and Chairman of the Audit 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.

Fionnuala Carvill, Chartered FCSI FCIB FCIS is previous Head of Private Wealth Management at Kleinwort Benson. Prior to this role Fionnuala spent four years as Commission Secretary and Head of Innovation at the Guernsey Financial Services Commission. Before 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 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 past 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 is an executive director of Standard Life Investments and CEO of Standard Life Wealth. He joined Standard Life in February 2007 with a brief to create and launch Standard Life Wealth. Richard oversaw the acquisition of Newton Private Clients in 2013, which positioned Standard Life Wealth as a major provider of discretionary fund management in the UK wealth management sector. Alongside heading up Standard life Wealth, Richard was a member of Standard Life UK Executive Board from 2010 to 2014 and subsequently became Managing Director of the Adviser and Investment business of Standard Life UK. He held responsibility for all Standard Life retail channel activity in the UK and Ireland and was also CEO of Standard Life Savings with responsibility for the Wrap platform and Fundzone businesses.

Immediately before joining Standard Life, Richard was CEO of Williams de Broe and prior to that, he was CEO of Lloyds TSB Private Banking, Lloyds TSB IFA and Lloyds TSB Stockbrokers. He is a Board Director and Chartered Fellow of the CISI and chairs its Integrity & Ethics Committee. He is also a member of the Worshipful Company of International Bankers, the Cornhill Club and a Trustee of the Shrewsbury School Foundation.
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.
David 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 is Managing Director of Hoyt Moxon Ltd, a corporate finance adviser to growth companies and their professional advisers, and is a former Head of Corporate Finance at Williams de Broë plc. Frank joined the CISI Board in 2008 and is a member of its Audit, Remuneration, Nomination and Membership Committees, founder and a past Chairman of the CISI Corporate Finance Forum and Chairman of the CISI’s Corporate Finance Qualifications Assessment Board and of the ICAEW/CISI Diploma in Corporate Finance Examination Panel.

Claire is a Managing Director and the UK Head of Exchange Traded Funds at State Street Global Advisors. She is responsible for the distribution of index products to institutional investors, wealth managers, family offices and retail platforms.

Prior to joining State Street, she was a Managing Director at BlackRock where she was UK Head of iShares Wealth Management and Retail Sales. She also served as Co-Head of BlackRock’s Women’s Network for EMEA. She joined iShares in 2008.

She spent the first nine years of her career at UBS – in Emerging Markets institutional sales, and in business development within Wealth Management.

Claire is a graduate in Money, Banking & Finance from the University of Birmingham, holds the Chartered Alternative Investment Analyst designation, and is a Chartered Member of the Chartered Institute for Securities & Investment.

She is also non-executive director of the Chartered Institute for Securities & Investment, also serving on their Investment Committee and the Editorial Panel of their quarterly journal
Joanna was appointed HR Director of the Bank of England in January 2014, having spent most of her career at the Bank. After an Economics degree at Cambridge, Joanna studied for a PGCE and spent two years as a Maths teacher in Kent.

Previous roles at the Bank include Director of Regulatory Operations, Prudential Regulation Authority; Head of Customer Banking Division (which involved managing the Government accounts held at the Bank and the role of gold custodian); and Head of Monetary and Financial Statistics Division. Joanna also had a secondment to the Border Agency (2004-2007).

Joanna is a Fellow of the CIPD and is also a Trustee of Blind in Business, and a School Governor.
Mr Puranam Hayagreeva Ravikumar (P.H.Ravikumar) is the Chairperson of the CISI’s India Advisory Committee. He is a banker by profession, a commerce graduate and an associate of Indian Institute of Bankers, Mumbai and also of Chartered Institute of Bankers, London. He is an Honorary Fellow of the CISI. He is currently the Chairman of Vastu Housing Finance Corporation Ltd., an affordable mortgage lending entity in India and also of Bharat Financial Inclusion Ltd, the largest listed microfinance entity in India. He is also a member of the Board of Directors of several listed and unlisted entities spanning financial sector segments such as mutual funds and pensions.

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 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.

After 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 then 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 the Investment Sub Committee and is a Trustee of the CISI Educational Trust. 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.
Becky is Managing Director of Aurea Financial Planning Ltd based in Peterborough working with both individuals and companies creating long term Financial Plans. As a CFP licensee and Fellow of the Institute of Financial Planning, Becky is a strong believer in the six stage Financial Planning process and the need for cashflow planning. She has a strong drive to help provide Financial Planning to all clients, not just those of Aurea and was instrumental in the project to launch the Accredited Financial Planning firm in the UK and is also a regular speaker on Financial Planning subjects.

Becky is the current President of the Institute of Financial Planning. She has been the UK member of the International Council of the Financial Planning Standards Board since 2012 and was part of the Governance review of the organisation in 2014. She also chaired the launch of the Member Advisory Group which was formed as a result of the governance review.
Gary Teper holds a Bachelor of Law LLB (Hons) and an MSc in Financial Regulation.

Gary initially qualified as a solicitor in a London law firm before joining Charles Stanley in November 1998. In 2000, he was promoted to the position of Group Company Secretary and assumed a place on the Charles Stanley & Co Ltd operational Board of Directors in April 2005. Since 2012 Gary has been a Director of the parent company Charles Stanley Group PLC and today leads their Private Client Investment Management Division. He also has Board Responsibility for Legal, Human Resources and Training & Development functions. Gary has been a member of CISI since 1993.

Richard Wastcoat is currently a Non-Executive Director of First State Investments and Duncan Lawrie Private Bank. He previously worked for Fidelity Investments from 1983-2008.

Richard Wastcoat 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 South East Asia while based in Hong Kong from 1989 to 1996. He returned to the UK and served as 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, the Middle East and Africa and launched Fidelity`s Asset Management Business in India. He retired from Fidelity in September 2008. Since that time he has done consulting work in Asia as well as his board roles.

Mr. Wastcoat was a member of the Board of the Investment Management Association and is a Trustee of Kensington Preparatory School part of the GDST. He is a graduate of Lehigh University in Bethlehem Pennsylvania.
An 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.
Andrew Westenberger has been Finance Director of Brewin Dolphin Holdings PLC since January 2013. Previously he was Group Finance Director of Evolution Group PLC from 2009 until August 2011 and a Director of its principal subsidiary Williams de Broe Limited.

Andrew qualified as a chartered accountant with Coopers & Lybrand, and from 2000 to 2008 held various senior finance roles in London and New York with Barclays Capital.