The Board of Directors of the Chartered Institute for Securities & Investment (CISI) has announced that Michael Cole-Fontayn MCSI was elected chairman at the organisation’s Annual General Meeting (AGM) held on Wednesday 10 October.
The term of office is initially for three years, with Cole-Fontayn succeeding Sir Alan Yarrow Chartered FCSI (Hon), who has not sought re-election having completed nine years in post.
Following a 35-year career in financial services at BNY Mellon, Cole-Fontayn is chairman of the Association of Financial Markets in Europe. He’s also founding director and Advisory Council member of the Financial Markets Standards Board, Trustee of the Charlie Waller Memorial Trust (a Mental Health Charity) and a founding chairman of the 30% Club. Cole-Fontayn is a Patron of Women in Banking and Finance.
Speaking about his appointment, Cole-Fontayn said: “I am extremely pleased to be officially working with the Institute as its chairman. I’m particularly delighted to support CISI’s commitment to raising standards, conduct and professional behaviour, both in the UK’s finance sector and globally. I look forward to helping to encourage the next generation’s enthusiasm for a career in the finance world.”
Simon Culhane, Chartered FCSI and CISI CEO, added: “I’m delighted to welcome Michael as our chairman. I very much look forward to working with him strategically so that we can remain adaptable and responsive as we grow our membership and professional qualifications both here in the UK and in global markets.”
At the AGM, two directors were elected to the CISI Board: Martin Ruskin CFP Chartered MCSI and Chris Allen MCSI. Ruskin is head of business development at Paradigm Norton Financial Planning and chairman of CISI’s Financial Planning Professional Forum.
Allen was appointed HSBC’s regional head for global private banking (EMEA) in April, having previously served as CEO of HSBC Private Bank in the UK with oversight of HSBC Private Banking’s businesses in the Channel Islands, France and Germany.