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 sector. 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.
Michael Cole-Fontayn, Chairman
Michael previously spent 35 years with BNY Mellon, the last 7 years serving as Chairman of BNY Mellon Europe, Middle East and Africa. In that role Michael was responsible for BNY Mellon’s governance culture in Europe, Middle East and Africa (EMEA) and led regional strategy development, execution and the delivery of enterprise initiatives in the region. Michael joined BNY Mellon over 35 years ago, starting initially as a credit and risk analyst. Michael was then appointed as a corporate finance banker to special industry clients, including Securities, Oil and Gas and Telecoms between 1986 and 1993. Michael then joined the Depositary Receipts (DR) division where he continued to work on many DR equity capital raising transactions, including numerous privatisations and equity offerings around the world. Michael ran BNY Mellon's Issuer Services Group in Hong Kong for seven years from 1993-2000, before serving as CEO of the company’s global Depositary Receipts business. He was BNY Mellon’s EMEA Chairman since 2011.
External to AFME, Michael sits on numerous financial service industry associations, a member and co-chair of the Wholesale Banking Group of the European Financial Services Chairman’s Advisory Council (EFSCAC), as well as a member of the advisory council for TheCityUK, and FICC Markets Standards Board Advisory Council. The British American Business International Advisory Board (recent past Advisory Board member), the Official Monetary and Financial Institutions Forum (OMFIF) Advisory Board. He is also a Board and Executive Committee Member of the Global Financial Markets Association (GFMA). He is Trustee of a mental health charity CWMT Org and director of Ranmore Strategic Advisory.
Alan Ramsay FCSI(Hon), Deputy Chairman, CISI
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.
Chris Allen MCSI
Chris Allen was appointed HSBC’s Regional Head, Global Private Banking EMEA in April 2018, having previously served as Chief Executive Officer of HSBC Private Bank in the UK with oversight of HSBC Private Banking’s businesses in the Channel Islands, France and Germany. Chris is a member of the Global Private Banking Executive Committee and the HSBC Bank plc Executive Committee, which is responsible for the UK and Continental Europe. Prior to becoming CEO of the UK Private Bank in July 2012, Chris was Chief Executive of HSBC Alternative Investments Limited, and he has over 20 years’ experience in Financial Services and Investment Management. Chris holds a first class honours degree in Land Economics from the University of Sheffield and an Investment Diploma from Cambridge University and City University Business School.
Fionnuala Carvill, Chartered FCSI FCIB FCIS, Non-Executive Director, Investec Bank (Channel Islands)
Fionnuala Carvill, Chartered FCSI FCIB FCIS is a Non-Executive Director of Investec Bank (Channel Islands) Limited and Princess Private Equity Holding Limited, an investment holding company listed on the Main Market of the London Stock Exchange. Previous positions held include Head of Private Wealth Management at Kleinwort Benson Guernsey, Commission Secretary and Head of Innovation at the Guernsey Financial Services Commission and Director of Rothschild Bank (CI). In 2009 Fionnuala spent five months in China as a volunteer with VSO where she was an Organisational Development Adviser.
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 London Institute of Banking & Finance (Chartered Institute of Bankers); a Fellow of ICSA: The Governance Institute and a Chartered Governance Professional; 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 Charnock, Chartered FCSI, CEO, Standard Life Wealth
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.
Debbie Clarke, Chartered MCSI, Managing Director, New Clarke Ventures
Debbie Clarke is Managing Director of New Clarke Ventures, providing corporate finance advice to private companies and their shareholders. She is a former Head of M&A at Moore Stephens and has over 20 years’ experience in both the public and private markets. Debbie started working with the CISI in 2005 helping the development of the Corporate Finance professional interest forum (PIF), which she then went on to chair from 2012-2016. She is still involved with this PIF today and is also a member of the joint ICAEW/CISI Diploma in Corporate Finance Examination Panel.
Danny Corrigan MCSI, Head of International Development ED&F Man Capital Markets Ltd
Danny was appointed Head of International Development at ED&F Man Capital Markets in September 2018. He was formerly, Advisor to the CEO of the Astana International Financial Centre Authority, working on the development of the Astana International Exchange, and CEO of CME European Trade Repository and a Managing Director at ICAP in London where he ran an OTC Derivatives desk, focused on the Russian financial markets.
He was Chair of TCUK Eurasia Group from 2010-2018, he has worked twice in Moscow at Renaissance Capital and latterly ING Eurasia and Chairs CISI’s International Committee. He is a former member of the Bank of England’s Money Market Liaison Group, was the 'front man' for LCH's RepoClear and established Bond and RepoClear in Sydney.
Danny has an MBA in Finance from Cass Business School, an Honours Degree in Economics from the University of Liverpool and has written five books the most recent of which is on Collateral.
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.
Claire Perryman CAIA Chartered MCSI, Managing Director, State Street Global Advisors
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 Place, Executive Director, Human Resources, Bank of England
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.
Puranam Ravikumar FCSI(Hon), Chairman, Bharat Financial Inclusion Ltd
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.
Martin Ruskin CFPTM Chartered MCSI
Martin is currently Head of Business Development at Paradigm Norton Financial Planning. Martin began his career in customer services at financial advisers RJ Temple, moving in 1994 to Medical Money Management before joining David Jones Financial Planning as a financial planner in 2000 and later becoming a director. In 2012 Paradigm Norton acquired David Jones, when Martin became Head of Business Development. Martin was a member of the Board of the Institute of Financial Planning when its assets were acquired by CISI in 2015. He is chairman of CISI’s Financial Planning Professional Forum a Certified Financial Planner and Chartered Member of CISI.
Clive Shelton, Chartered FCSI, Chairman, TISA
Clive Shelton is Chairman of the Tax Incentivised Savings Association (TISA). He has served on a number of industry bodies, working groups and committees. Clive is Chairman 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 International Financial Data Services (UK) Limited in February 2003 where he was responsible for overseeing Compliance, Risk Management, Business Continuity Planning and Financial Crime Prevention across their European and Asian operations until 2017.
Nick Swales, Chartered FCSI, Regional Director, Rathbones
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.
Rebecca Taylor CFPTM Chartered FCSI, Managing Director, Aurea Financial Planning
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 LLB(Hons) MSc, MCSI, Director, Charles Stanley Group PLC
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.
Andrew Westenberger MCSI
Andrew Westenberger was Finance Director of Brewin Dolphin Holdings PLC from January 2013 until April 2018. 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.