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
- 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
- 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
- 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:
 |
Jean-Luc Lamarque (Chair) Chairman Primary Credit Crédit Agricole Corporate and Investment Bank, London term: until the AGM 2028 |
 |
Gareth Allen Global Head of Treasury Assets, Group Treasury UBS AG, London term: until the AGM 2026 |
 |
Abena Amoah CEO, Managing Director Ghana Stock Exchange, Accra term: until the AGM 2028 |
 |
Adam Bothamley Managing Director, Global Head of Debt Capital Markets HSBC Bank PLC, London term: until the AGM 2027 |
 |
Fabianna Del Canto Managing Director, Co-Head of EMEA Capital Markets MUFG Securities EMEA plc, London term: until the AGM 2027 |
 |
Isabelle Delorme Global Head of Product Strategy & Innovation Euroclear S.A./N.V., Brussels term: until the AGM 2027 |
 |
Carey Evans Managing Director, Co-Head of EMEA Government Affairs & Public Policy BlackRock (Netherlands) B.V., Brussels Branch, Brussels term: until the AGM 2027 |
 |
Stephen Fisher Head of Government and Public Affairs Deutsche Bank AG, London term: until the AGM 2028 |
 |
Jérôme Jean Haegeli Head SRI & Group Chief Economist Swiss Re Management Ltd, Zurich term: until the AGM 2027 |
 |
Reiko Hayashi Director and Deputy President Bank of America Merrill Lynch, Tokyo term: until the AGM 2026 |
 |
Christoph Hock Head of Tokenisation and Digital Assets (PM) Union Investment Privatfonds GmbH, Frankfurt term: until the AGM 2028 |
 |
Marc Lewell Managing Director, APAC & EMEA Syndicate J.P. Morgan Securities plc, London term: until the AGM 2027 |
 |
Cristiano Maffi Head of Global Markets Securities – IMI Corporate & Investment Intesa Sanpaolo S.p.A., Milan term: until the AGM 2026 |
 |
Bryan Pascoe (ex-officio as ICMA’s Chief Executive) ICMA, London term: n/a |
 |
Henrik Raber Global Head, Global Banking Standard Chartered Bank, Dubai term: until the AGM 2028 |
 |
Cyril Rousseau Director General of the Finance Directorate European Investment Bank, Luxembourg term: until the AGM 2026 |
 |
Heleen van Rooijen Head of Finance & Control Nederlandse Waterschapsbank N.V., The Hague term: until the AGM 2026 |
 |
Claudio Vittorio Volpi Head of ALM and Funding UniCredit Bank GmbH, Munich term: until the AGM 2028 |
 |
William Weaver Vice Chairman, International Debt Capital Markets Citigroup Global Markets Limited, London term: until the AGM 2026 |
 |
Min Zhu Chief Market Officer Bank of China Limited, London Branch, London term: until the AGM 2028 |
