ASIFMA Annual Conference 2025
17 February 2025, Hong Kong
Mark Yallop
External Member of the Prudential Regulation Committee and of the Financial Market Infrastructure Board
Bank of England
Mark is an External Member of the Prudential Regulation Committee and of the Financial Market Infrastructure Board at the Bank of England and Chair of the FICC Market Standards Board.
The Prudential Regulation Authority is responsible for ensuring the safety and soundness of the major UK based banks and insurance companies and the UK financial system, and the protection of depositors and policy holders. The FICC Market Standards Board is an industry body, established in 2015 by HMT, the Bank of England and the FCA to improve standards in
wholesale fixed income, currency and commodity markets.
Prior to this, Mark was from March 2013 to September 2014 UK Group CEO for UBS, responsible for overseeing all UBS’s Investment Banking, Wealth Management and Asset Management activities in this country.
From 2005 to 2011 Mark was Group COO and main board director at ICAP plc. During his time there he built the electronic markets and post trade businesses of the firm, managed the Group’s infrastructure and contributed significantly to the firm’s growth and diversification of its business strategy. From 2009-11 he also led a number of initiatives to develop industry and regulatory responses to the 2008 financial crisis.
From 1984 to 2004 Mark was at Morgan Grenfell and then Deutsche Bank, where he was one of the architects of its expansion in investment banking, built and ran as Global Head a number of trading and sales businesses, and served as Global Markets and Corporate and Investment Banking Chief Operating Officer. From 2002 to 2004 he was Deutsche Bank AG Group COO, responsible for managing the Group’s infrastructure and its business rationalisation programme.
Mark serves on the Board of OpenFin, the US technology firm and is a Partner in Illuminate Financial Management, a fintech venture capital business. Previously, Mark served on the board of the International Swaps and Derivatives Association (ISDA) as well as numerous other financial services industry bodies and working groups, and on the Board of the Centre for Social Justice, the Create the Change campaign board for the Francis Crick Institute and chaired the Development Board for University College, Oxford.
Mark read Chemistry at University College, Oxford from 1978‐1982.
