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
Alan Ramsay FCSI(Hon), Deputy
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
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, Head of Global
Private Banking EMEA, HSBC Bank
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
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, Aberdeen Standard Capital
Richard is CEO of Aberdeen Standard Capital. He joined Standard Life in February 2007 with a brief to create and
launch Standard Life Wealth to the market. Richard has overseen the growth of the business, which is recognised as a
major provider of discretionary fund management in the UK Wealth management sector. Richard is also a non-executive
director of HDFC International Life and RE Company, a Dubai based JV.
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.
Richard is a board director and Fellow of the Chartered Institute for Securities & Investments and chairs the
CISI Ethics and Integrity Committee. He is also a member of the Worshipful Company of International Bankers and the
Cornhill Club. He served with the British army in the mid 1980s and holds an honours degree in Geography from the
University of Durham.
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
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.
Tracey Davidson, Chartered MCSI, Chief Executive, Heartwood Wealth Management Ltd
Tracey is Chief Executive of Heartwood Wealth Management Ltd, a wholly owned subsidiary of Handelsbanken Plc. Heartwood operates under the names Handelsbanken Wealth Management and Heartwood Investment Management. Tracey started her career at Barclays where she worked across the UK latterly in a variety of senior positions within the corporate and wealth management divisions. Tracey joined Handelsbanken in 2003 quickly becoming Senior Vice President and Head of Northern UK. Tracey was entrusted to lead an acquisition team to identify and acquire an investment and wealth management business. After the successful acquisition of Heartwood, Tracey was appointed CEO in 2014. Tracey is a member of the Board of the PIMFA, a Chartered Member of CISI, where she is also a member of the Integrity and Ethics Committee. Tracey was named one of PAM’s Top 50 Most Influential in 2019. She also received the ‘Initiatives in Diversity’ award at The City of London Wealth Management Awards 2019.
Petros Florides, Chartered FCSI, Senior Regional Governance Advisor, World Vision International (Cyprus)
Petros Florides has over 25 years’ financial services experience. He is currently employed as a Senior Regional Governance Advisor for World Vision International and is responsible for the region extending from Ireland to New Zealand. Petros has also published articles on governance in the public sector and wrote a Code for Public Sector Governance which, after five years of public consultation, was recently approved by the Cyprus Council of Ministers for implementation. He is also a Non-Executive Director of Windsor Brokers, Cyprowealth Advisory Services and Pearlscope Limited - all Cyprus registered companies. Petros is Co-Founder and current President of CISI’s Cyprus National Advisory Council and is a Board member of the Institute of Directors (Cyprus Branch). He is also a trainer for professional and executive courses (including CISI qualifications) in the areas of governance, risk, ethics and compliance through CISI Accredited Training Providers, and speaks at public events on the same subjects.
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.
Clair Mills, Chief Operating Officer, Prudential Regulation Authority
Clair Mills is the Chief Operating Officer for the Prudential Regulation Authority (PRA), within the Bank of England, and is responsible for PRA operations, which includes delivery of the PRA’s Operating Strategy, Budget, Internal Communications and the Investment and Change Portfolio. Other areas of responsibility include managing Data Innovation, RegTech and the PRA’s preparation for Brexit across the organisation. Clair has over 20 years’ extensive financial services experience operating at board level and leading successful strategic and transformational change in a number of complex organisations, having started her career in the Building Society and Retail Banking sector, before moving into Operational and Technological Change Management and Consultancy. Clair joined the Financial Services Authority in 2011 to lead the Internal Twin Peaks programme to transition to the PRA and FCA regulatory model, moving across to the Bank of England with the PRA. In her current role, as well as providing the leadership, management and vision necessary to support the business and to ensure that the proper operational controls, administrative and reporting procedures, and people systems are in place, Clair is also responsible for driving a demand led data approach for the PRA, this includes giving key note speeches both in the UK and internationally on topics such as Regulatory Technology (RegTech) and how regulators can take advantage of the advances in technology in the work we do.
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
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
Puranam Ravikumar FCSI(Hon),
Director, Vastu Housing Finance Corporation Ltd.
Puranam Hayagreeva Ravikumar (P.H. Ravikumar) is the Chairperson of CISI’s India Advisory Committee. He is a banker
by profession, a commerce graduate and an associate of Indian Institute of Bankers, Mumbai and of Chartered
Institute of Bankers, London. He is an Honorary Fellow of the CISI.
He is currently the Director and co-founder of Vastu Housing Finance Corporation Ltd, an affordable mortgage lending
entity in India. He was Chairman of Board of Directors of Bharat Financial Inclusion Ltd, the largest listed
microfinance entity in India, which merged with Indusind Bank in July 2019. 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
Martin Ruskin CFPTM
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,
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 both the Investment Committee and the Membership Committee and is
the Board appointee on of the CISI Educational Trust. Nick is Chairman of the Board at the Theatre Royal, Newcastle
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
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.
Jon Walker, Chartered FCSI, Investment Director, Investec Wealth & Investment
After graduating in 2004, Jon joined Bank of New York before joining Investec Wealth & Investment in Liverpool as Investment Director. During his time in this role, Jon has helped to develop the firm's model portfolio systems and manages multi-asset portfolios on behalf of private clients, trusts, Self-Invested Pension Plans, offshore bonds, pension funds and charities. He also sits on the group’s Stock Selection Committee and group Investment Committee. Jon is a Chartered Fellow of the CISI and has an accounting and finance degree.