ICMA announces new co-head structure for its Market Practice and Regulatory Policy team


14 May 2024 ICMA is pleased to announce that effective 1 July, Andy Hill and Natalie Westerbarkey will co-head ICMA’s Market Practice and Regulatory Policy (MPRP) team. Within this, Andy will lead our work on Market Practice and Natalie will lead on Public Policy and Advocacy.

Andy is currently Senior Director and Deputy Head of MPRP, with primary responsibility for the work on secondary markets and repo and collateral. Andy has authored numerous reports on bond and repo market structure and development, with a particular focus on regulatory, technological, and economic impacts on market liquidity and resilience. Prior to joining ICMA in 2014, Andy was a repo and money market trader for 18 years, 10 years of which he was an Executive Director at Goldman Sachs.

Natalie brings extensive buyside, sellside and cross-regional experience policy experience to ICMA with around 25 years of financial services industry experience. She was most recently with Fidelity where she headed EU Public Policy since 2017 and prior to that worked at the Abu Dhabi Investment Authority and Citigroup in broader policy roles. Natalie will officially start with ICMA on 3 June.

Andy and Natalie will work closely together to jointly lead and maximise the impact of the MPRP team given the close interrelationship between their areas of primary responsibility. Other structural elements of MPRP including the existing configuration of the committees and staff responsibilities will remain unchanged. Both Andy and Natalie will be members of ICMA's Executive Committee and report directly to the Chief Executive, Bryan Pascoe.

As the scope and complexity of ICMA’s work increase across both the regulatory agenda and the need to drive effective market standards, the new co-head structure will enable a more dedicated senior focus and take a more strategic forward-looking position to enhance the impact and effectiveness of ICMA's work in promoting capital markets’ efficiency and development across all areas of market operation and regions of activity, closely integrated with its sustainable finance and fintech & digitalisation focus.

Aligned with this and as previously announced, Paul Richards will move into the role of Senior Advisor to ICMA until the end of the year. Once again, we thank Paul for his huge contribution to ICMA over many years and look forward to working with him in this new capacity in the coming months.

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