The Financial Markets Standards Board (FMSB) appointed Gareth Murphy, Group Chief Risk Officer at abrdn, and Alison Higgins, Markets Head for UK, Europe and the Americas and Global Head of Control for Markets at Standard Chartered Bank, as joint chairs of its Conduct and Ethics Committee. They succeed Tracey McDermott, who chaired the committee for four and a half years. Murphy has been on FMSB’s Advisory Council since 2023 and has participated in the Conduct and Ethics Committee’s working groups over the past two years. Higgins joined the committee last year and chairs its newly established working group examining unauthorised trading, which is developing good practice guidance; the release also highlights prior committee outputs under McDermott, including work on applying the 3 Lines Model, using conduct and culture data, and front office supervision of wholesale trading.
Financial Markets Standards Board 2025-02-11
Financial Markets Standards Board appoints Gareth Murphy and Alison Higgins as joint chairs of its Conduct and Ethics Committee
The Financial Markets Standards Board appointed Gareth Murphy and Alison Higgins as joint chairs of its Conduct and Ethics Committee, succeeding Tracey McDermott. Murphy and Higgins bring experience from their roles at abrdn and Standard Chartered Bank, respectively, with Higgins also leading a working group on unauthorised trading.