Former State Street Global Markets Int’l CEO Named President of ACI

ACI – The Financial Markets Association has appointed Marshall Bailey as president.

Bailey was previously head of the London Branch of the European bank State Street Bank, CEO and director of the securities trading unit State Street Global Markets International, and COO of the Global Markets businesses in EMEA.

He will be the first full-time president in the 60-year history of the organization, and will be responsible for leading the global membership at a crucial time for the industry, says ACI.

Bailey was also previously a member the Financial Markets Association of Canada (FMAC) and ACI in Canada, and has experience as an FX trader with UBS, a managing director in fixed income and currency sales at RBC Capital Markets.

“We are at a critical time for our membership, especially those involved in trading businesses, and Marshall’s experience, strong ethical stance and leadership will help us forge a path with sell and buy side individuals, and our regulators,” says Eddie Tan, chairman of ACI Managing Board. “We conducted a year-long search and determined that we needed someone who can guide us through the challenges facing the industry, and who can work closely with the many facets of our Association.”