The ICMA Board | Governance

The board’s function is to determine ICMA’s strategy and major policy matters of the Association and to supervise the Chief Executive, the executive committee and the functions of ICMA generally.

The following board committees assist it in performing its supervisory role:

the audit, compliance and governance committee oversees compliance by the Association with all laws, rules and regulations applicable to it in order to enable the board to conduct appropriate supervision of the Association's regulatory affairs and for overseeing, controlling and reporting on the budgetary process and financial control of ICMA;
the oversight committee supervises the executive committee and any committee established by the executive committee; and
the compensation committee reviews and recommends the compensation of the Association’s senior executives to the board.

The board comprises 22 members, 21 of which are normally elected by the general meeting and one of which, the Chief Executive, is appointed by the board. The term of office of each of the 21 elected board members is three years. At each ordinary general meeting one-third of the 21 elected board members (i.e. seven) must retire. Retiring board members may be re-elected for one additional consecutive term of office of three years. When a board member leaves the board prior to the expiry of his/her term of office the nomination committee appoints a successor to the board who completes the predecessor’s term of office. The Chief Executive is an “ex-officio” board member during the tenure as Chief Executive. The statutes stipulate that when considering the nomination of candidates for the board elections at the general meeting, the nomination committee’s selection of the candidates must reflect a balanced representation in the board of:

the geographic composition of the Association and the current importance in the international capital markets of particular regions or areas; and
the various functions in the markets.

A candidate for board membership is typically expected

to be involved in the capital markets’ business;
to exercise a function at a senior level (managing director or equivalent) within his/her member firm;
to be able to commit resources of his/her member firm in capital markets for ICMA activities; and
to be able to participate in ICMA committees and working groups as chairman or otherwise and to represent ICMA at conferences and other public events from time to time.

The current board members are:

Mandy DeFilippo (Chair)
Morgan Stanley
London
term: until the AGM 2023
Mandy DeFilippo - biography

Jean-Marc Mercier (Deputy chair)
HSBC Bank plc
London
term: until the AGM 2024

Gareth Allen
UBS AG
London
term: until the AGM 2023

Amine Bel Hadj Soulami
BNP Paribas
Bahrain
term: until the AGM 2024

Jonathan Brown
Barclays Capital Securities Limited
London
term: until the AGM 2023

Alessandro Brusadelli
UniCredit S.p.A.
Milan
term: until the AGM 2022

Joanna Cound
BlackRock Investment Management (UK) Limited
London
term: until the AGM 2022

Dr. Frank Engels
DWS Investment GmbH
Frankfurt am Main
term: until the AGM 2022

Reiko Hayashi
Bank of America Merrill Lynch
Tokyo
term: until the AGM 2023

Kun Hu
Bank of China Limited, London Branch
London
term: until the AGM 2022

Eila Kreivi
European Investment Bank
Luxembourg
term: until the AGM 2023

Virginia Laird
Citigroup Global Markets Limited
London
term: until the AGM 2024

Jean-Luc Lamarque
Crédit Agricole Corporate and Investment Bank
London
term: until the AGM 2022

Marc Lewell
J.P. Morgan Securities plc
London
term: until the AGM 2024

Ingo Ralf Mainert
Allianz Global Investors GmbH
Frankfurt am Main
term: until the AGM 2023

Chris Muyldermans
KBC Bank N.V.
Brussels
term: until the AGM 2024

Per-Åke Nyberg
Swedbank AB (publ)
Stockholm
term: until the AGM 2024

Bryan Pascoe (ex-officio as ICMA’s Chief Executive)
ICMA
London
term: n/a

Heleen van Rooijen
Nederlandse Waterschapsbank N.V.
The Hague
term: until the AGM 2023

Roman Schmidt
Commerzbank AG
Frankfurt am Main
term: until the AGM 2022

Janet Wilkinson
RBC Europe Limited
London
term: until the AGM 2022

Observers:
Martin Scheck, President of ICMA
Christophe Roupie, MarketAxess, Chair of ICMA's Market Infrastructure Advisory Group