ICMA Board elects new Deputy Chair and Vice Chair
23 September 2025 UK
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The International Capital Market Association (ICMA) board of directors has elected Stephen Fisher as deputy chair.
Based in London, Fisher is currently head of government and public affairs at Deutsche Bank, and brings over 20 years of experience in finance.
He will take on the new role after five years at the association, and will keep the position for a term until the ICMA Annual General Meeting in 2028.
Earlier in his career, Fisher took on roles at BlackRock, Dutch Banking Association, and the Financial Conduct Authority.
The Board has also elected Gareth Allen as vice chair of ICMA for a term until the ICMA Annual General Meeting in 2026.
Allen is currently head of investment and execution at UBS and brings 21 years of experience at UBS to his new position.
During his time at UBS, Allen held a number of titles including as global head of repo trading, and global head of treasury assets.
The board鈥檚 function is to determine ICMA鈥檚 strategy and major policy matters of the association, and to supervise the chief executive, the executive committee, and the functions of ICMA generally.
The board comprises 22 members, 21 of which are normally elected by the general meeting and one of which, the chief executive, is appointed by the board.
Based in London, Fisher is currently head of government and public affairs at Deutsche Bank, and brings over 20 years of experience in finance.
He will take on the new role after five years at the association, and will keep the position for a term until the ICMA Annual General Meeting in 2028.
Earlier in his career, Fisher took on roles at BlackRock, Dutch Banking Association, and the Financial Conduct Authority.
The Board has also elected Gareth Allen as vice chair of ICMA for a term until the ICMA Annual General Meeting in 2026.
Allen is currently head of investment and execution at UBS and brings 21 years of experience at UBS to his new position.
During his time at UBS, Allen held a number of titles including as global head of repo trading, and global head of treasury assets.
The board鈥檚 function is to determine ICMA鈥檚 strategy and major policy matters of the association, and to supervise the chief executive, the executive committee, and the functions of ICMA generally.
The board comprises 22 members, 21 of which are normally elected by the general meeting and one of which, the chief executive, is appointed by the board.
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