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ICMA appoints chief executive and president

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The International Capital Market Association has appointed Martin Scheck as chief executive and René Karsenti as president, effective 1 August 2009.

Scheck will lead ICMA’s activities in promoting the development and efficient functioning of the international capital market. He has been a board member of ICMA since 2004 and is the chairman of its audit, compliance and governance committee. He joins the association from UBS in Zurich, where he has been managing director and head of Swiss fixed income since 2001.
 
Karsenti (pictured), who has held the post of executive president since May 2006, will become president of the association, with primary responsibilities to represent ICMA’s interests in its interaction with governments, regulatory bodies, other trade associations and international organisations together with Scheck.
 
Hans-Joerg Rudloff, ICMA’s chairman, says: ‘These appointments represent a considerable strengthening of ICMA’s executive management and enhance its services to its membership and the market. Martin Scheck has the skills and experience to deliver further improved operational efficiency. ICMA will also benefit further from René Karsenti’s knowledge, expertise and established relationships.’

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