Jonathan Moulds, who has worked for investment banks including Bank of America, Barclays and Citi, will chair the not-for-profit established after the Libor rate-rigging scandal, Sky News learns.
A not-for-profit company set up nearly a decade ago in the wake of the Libor rate-rigging scandal will this week appoint a veteran City banker as its next chair.
Sky News understands Jonathan Moulds has been lined up to head the Financial Markets Standards Board , with an announcement expected to be made on Tuesday.Mr Moulds, who spent a long stint in senior roles at Bank of America, joined Barclays in 2015 under then CEO Antony Jenkins. He is now chair of Citi's international broker-dealer, CGML, is on the board of the London-listed financial spread-betting operator IG Group, and chairs Litigation Capital Management, the publicly traded litigation funding provider.
At the FMSB, Mr Moulds will replace Mark Yallop, a former UK CEO of UBS, the Swiss banking giant currently in the process ofThe organisation was created in the wake of the Fair and Effective Markets Review commissioned by the Treasury, Financial Conduct Authority and Prudential Regulation Authority in response to a string of financial markets scandals.
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