MUFG Securities EMEA board appoints new chair

MUFG Securities Europe, Middle East and Africa (EMEA) has appointed Marshall Bailey as chair to its board, effective from September.

Bailey will replace William Fall, who will step down as chair in September after almost six years in the role.

Currently, Bailey is a director with the board of National Commercial Bank, where he represents the shareholding of the KSA's public investment fund.

Bailey has also served on the boards of LCH Group as chair, as a non-executive director at the London Stock Exchange Group, and as chair of the Financial Services Compensation Scheme.

Over his 30-year career, Bailey has held a number of senior positions in the financial services sector including 18 years at RBC Capital Markets, culminating in his position as managing director and head of financial institutions EMEA and Asia.

In 2011, Bailey moved to State Street in 2011 where he held several roles including CEO of State Street global markets international.

After State Street, Bailey was appointed president and global head of ACI International – Financial Markets Association in 2014.

Commenting on the new appointment, John Winter, CEO of MUFG Securities EMEA, said: "Marshall Bailey's impressive experience in the financial services sector will be a tremendous asset to MUFG from both a commercial and regulatory standpoint, particularly as we look to expand our financial institutions business globally.”

Winter continued: "His leadership will ensure that the board continues to provide clear guidance and strong support as we navigate some unchartered territory following on from the recent pandemic."

Bailey added: "It's a delight to be joining MUFG at this important time. I truly believe that the bank is well-positioned in these markets, and will continue to be integral to our clients' success. I look forward to joining the board, and working with John Winter and his team."

Elsewhere, Bailey will also be taking up a post on the board of governors of the CFA Institute, a standard-setting and educational body with international reach.