This non-statutory panel advises the FCA on policy issues that affect issuers of securities, and on policy and regulation proposals from the FCA listings function.
Mark Austin (Chair)
Mark is a corporate partner at Freshfields who has a particular specialism in capital markets. His areas of practice include public and private securities offerings of all types, along with mergers, acquisitions and general corporate work across a number of sectors. He regularly advises a range of corporate and investment bank clients. He is also a member of the LSE's Primary Markets Group, an advisory group to the LSE on capital markets matters and the Company Law Committee of the City of London Law Society.
Gary is Head of the Liquidity and Capital Markets team at BP p.l.c. He has worked for BP within the Treasury team for the past 22 years. On joining BP, he initially worked in the Risk Management team managing BP’s foreign exchange exposures before moving to the Capital Markets team, which is responsible for all aspects of its equity and debt activities as well short-term cash forecasting.
Prior to joining BP, he worked within the banking sector concentrating on the new issue and derivatives markets where he had several trading and risk management roles.
Ed is Global Head of Liquid Capital Markets at BlackRock (which works with all investment teams to source and access the primary new issuance markets across equity and debt markets), Global head of Corporate Solutions group (which co-ordinates all interactions between companies and the investment teams), and a member of the Fixed Income illiquid investment and the Active Equities private investment committees at Blackrock. In addition, he is also a member of ICMA's Investment Grade Primary Markets Group, the advisory board of Forward Partners (a seed stage venture capital fund), and the board of CorpAxe (a corporate access and research technology company). Prior to joining BlackRock in 2012, he was head of equity syndication at UBS, and worked in equity-linked origination at BNP Paribas. Ed graduated from the LSE with a BSc in Geography with Economics.
Mandy Gradden (Deputy Chair)
Mandy has been CFO of Ascential plc, a specialist global information, data and analytics company, since 2013 and was a key member of the team that led the company’s IPO in 2016. Before joining Ascential, Mandy was CFO at Torex, and helped manage the successful turnaround and sale of that business. Prior to that, she was CFO at Detica Group plc, a technology consultancy; Director of Corporate Development at Telewest; and Group Financial Controller at Dalgety. She began her career at Price Waterhouse, where she qualified as a Chartered Accountant. She also sat as a non-executive director of SDL plc where she chaired the audit committee.
Darko is Head of Multi-Asset Primary Markets and Investment Funds at the London Stock Exchange and has extensive experience in equity and fixed income transactions on public markets. Darko joined the Exchange in 2007 as Debt Product Manager looking after the primary fixed income business.
Prior to joining London Stock Exchange, Darko was an independent consultant specialising in financial regulation and regulatory economics. His previous engagements included projects on assessing the effectiveness of EU regulation and its impact on the economic development and sector research covering telecommunications, manufacturing and tourism.
Darko holds a doctorate in economics from the University of London and is a member of the Royal Economic Society.
Virginia is Head of UK & Ireland Equity Advisory at BNP Paribas. Prior to this, Virginia was Head of UK Sponsor Services, responsible for FCA liaison and all sponsor matters for JP Morgan Cazenove having joined the UK IPO and ECM execution team in 2007 working across UK equity capital markets, M&A, Corporate Broking, Debt and debt capital markets. Virginia started her career in KPMG Corporate Finance focusing on public company and TMT advisory in her eight years there and she spent a year on secondment at the UKLA department in the former FSA.
James joined Rothschild & Co in January 2019 and is a Senior Adviser. Prior to this, he was Deputy Head UK and European Equities at Aberdeen Asset Management and Head of Corporate Governance UK & Europe, which he had joined in 2000. He graduated with a BSc (Hons) in Agriculture from Newcastle University and an MSc in Investment Analysis from the University of Stirling. He is also a member of the CFA Society UK and Fellow of Chartered Institute For Securities & Investment
Kathryn McLeland (Deputy Chair)
Kathryn McLeland is CFO at M&G Plc. Kathryn joined M&G from Barclays PLC, where she served for over 20 years, most recently as Group Treasurer and before that as Head of Investor Relations. Prior to that she worked in investment banking at Barclays, Merrill Lynch and Salomon Brothers, focused on Financial Institutions. In addition to her responsibilities overseeing M&G plc’s financial operations and strategy, Kathryn champions the company’s focus on sustainability and diversity and inclusion.
Ursula is a partner in the PwC Capital Markets Group and brings 15 years of specialised capital markets experience to the Listing Authority Advisory Panel. She has extensive experience of working with companies operating in London capital markets including a significant number of major listings and class 1 transactions. Ursula has also worked with companies seeking overseas listings, including the USA, Hong Kong and Singapore, which also gives her an understanding of the differences in regulation across other markets.
Aileen is a qualified lawyer who is currently the Group Company Secretary and Chief Governance Officer of HSBC Holdings plc, a position she was appointed to in November 2019. Before HSBC, Aileen spent 19 years at the Royal Bank of Scotland Group, where she held various roles in legal, risk and compliance. She was appointed Group Secretary at RBS in 2010 and held the role of Chief Governance Officer and Board Counsel until her departure from RBS in 2019.
Aileen is also a member of the European Corporate Governance Council and the GC100.
James is Co-Head of Investment Banking at Numis as well as heading their IPO business. He has 20 years of UK ECM, Broking, Corporate Finance and FCA Sponsor experience, having worked for HSBC Investment bank between 2000 and 2007, before spending 9 years at JP Morgan Cazenove as Head of their UK IPO and ECM Execution Team.
He joined Numis in September 2016 and was appointed Co-Head of Investment Banking in March 2019. Through his banking career, James has gained a broad experience of equity fundraisings, M&A and FCA Sponsor transactions, in addition to leading numerous UK IPOs with recent deals including AJ Bell, Funding Circle, Sabre Insurance and Alfa Financial Software whilst at Numis and Just Eat, Sophos, Autotrader, Ibstock, Wizz Air, Spire, Saga, Brit Insurance and Esure at JP Morgan Cazenove.
Prior to joining HSBC in 2000, James qualified as a chartered accountant with E&Y.
Amanda has been a partner at Allen & Overy LLP since 2007. She is the Head of the London International Capital Markets group and heads up the International Capital Markets Know-How & Training team, in which role she is responsible for the development and management of internal and external knowledge resources and training programmes.
She is actively involved in many industry working groups on debt capital markets related issues, including the impact of the EEA Prospectus and Market Abuse regimes, the Transparency Directive, the PRIIPs Regulation, MiFID, IBOR discontinuation and Brexit on the markets.
Amanda is a regular speaker on Allen & Overy's internal and external training programmes and at external conferences. Prior to taking on a knowledge role, Amanda worked as an associate at Allen & Overy gaining experience of a wide range of international capital markets transactions, including vanilla debt issues, ECP, Global CP and EMTN Programmes, structured and equity linked issues and covered warrant issues.
05/08/2020: Information added Panel details updated