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.
Biographies of Panel members
Tim Waddell (Chair)
Tim is Vice Chairman, Global Corporate and Investment Banking for EMEA at BofA Securities. He is responsible for relationships with key UK clients across the corporate broking and advisory business. Tim has spent over 30 years in investment banking. He joined BofA Securities (previously Bank of America Merrill Lynch) from UBS, having started his career at SG Warburg. At UBS, he held a number of senior positions in the UK Investment Banking business, latterly Chairman of UK Coverage and Advisory. He has experience of providing market advice across a comprehensive range of transactions and is a member of the Takeover Panel. Tim graduated in law from Edinburgh University.
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.
Mark is a partner in the Capital Markets Practice at Freshfields. 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, as well as of the Company Law Committee of the City of London Law Society.
As Managing Director and Portfolio Manager at BlackRock, Luke is head of the UK Equity team within the firm's Fundamental Equity Division of the Active Equity Group.
Luke's service with the firm dates back to 1998, including his years with Merrill Lynch Investment Managers (MLIM), which merged with BlackRock in 2006. At MLIM, Luke was an Equity Portfolio Manager, responsible for managing UK specialist equity portfolios. Prior to joining MLIM, he worked at another investment management house in a range of research and fund management roles, with particular emphasis on specialist accounts and mid-cap stocks. He earned an MA degree, with honours, in classics from Christ Church, Oxford University in 1990.
Mandy has been CFO of Ascential plc, a specialist global information company, since 2013 and was a key member of the team that lead 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 sits as a non-executive director of SDL plc where she chairs 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.
Ian has 25 years experience of working in investment banking, at S.G. Warburg, Citigroup, Morgan Stanley and UBS. He has focused on UK mergers and acquisitions across a number of sectors, with a particular focus on clients in consumer and retail, financial services, real estate and natural resources. He has also worked on a number of UK initial public offerings in these sectors, along with equity raising and other listing related matters in connection with his mergers and acquisitions transactions. Ian has a degree in PPE from Oxford University and is a Chartered Accountant.
James joined Rothschild & Co in January 2019 and is a Managing Director in its investor advisory business. 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 is Group Treasurer at Barclays plc. She has worked for Barclays over 17 years. On joining, she initially worked in the Financial Institutions Group of the Investment Bank, covering UK, Irish and Australian clients. She joined Investor Relations in 2012 to manage Barclays’ relationships with its shareholders and sell-side analysts. She became Head of Investor Relations in May 2015 and Group Treasurer in January 2018.
Prior to joining Barclays, Kathryn worked at Merrill Lynch and Salomon Brothers in Debt Capital Markets, and has an undergraduate degree in PPE from Oxford University, and an MBA from the University of New South Wales.
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.
Andrew is Head of UK Investment Banking at Investec and is a member of the Executive Committee of Investec’s UK Corporate and Institutional Bank. He advises companies across the full range of equity capital markets and M&A transactions, with a particular focus on the TMT sector. Andrew qualified as a Chartered Accountant with PricewaterhouseCoopers and holds a Law degree from Exeter University. Before joining Investec in 2002, Andrew was at Soundview Technology Group and Dresdner Kleinwort Benson.
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 fellow of the Chartered Institute of Bankers in Scotland and a member of the European Corporate Governance Council and the GC100.
Amanda has been a partner at Allen & Overy LLP since 2007 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.