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Ex-UBS UK CEO to head FICC standards board

MarkYallop, a former U.K. CEO for UBSGroup AG and ex-COO of ICAP Plc, will head the FICC Markets Standards Board,established in July 2015 after the Bank of England's Fair and Effective Markets Review.

Yallop, whohas served since 2014 as an external board member of the U.K. PrudentialRegulation Authority, will take up the new post in July. Interim ChairElizabeth Corley, who is also vice chair of Allianz Global Investors, willremain on the board.

The FICCMarkets Standards Board has 36 members, including sell-side investment banks,buy-side asset managers, exchanges, custodians and market users. Its aim is todevelop standards across a range of issues in wholesale markets.