Mark Yallop

From MarketsWiki
Jump to navigation Jump to search


HKEX 728x90 v6.gif


Mark Yallop
MarkYallop.jpg
Occupation U.K. Group Country Chief Executive
Employer UBS AG
Location London

Mark Yallop is U.K. group country chief executive officer at UBS AG, responsible for all of the firm’s operations in Britain. He was named to that newly created position in February 2013, reporting to COO Ulrich Koerner. [1] He was appointed to the newly created role shortly after UBS was fined almost £1bn by regulators for rigging the LIBOR interest rate benchmark. His principal responsibilities have been to rebuild UBS's relationships with City of London regulators in the wake of the Libor penalty as well as the episode in which a "rogue trader", Kweku Adoboli, was jailed for making unauthorised trades that cost the bank $2.3bn.

On August 1, 2014 Sky News reported that Yallop would leave his position at UBS at the end of September.[2]

He was previously the chief operating officer with the British interdealer broker ICAP Plc. He was also chairman of ICAP's group risk committee, a board director and a member of its finance and treasury committees, and has also served as ICAP's interim financial director.

Background[edit]

Before joining ICAP in 2005, Yallop served for two years as chief operating officer for the Deutsche Bank Group after career spent in financial trading in the derivatives, cash and forex markets.[3] He was also a director of the International Swaps and Derivatives Association (ISDA) from 1996 to 1998.

Yallop served as a non-executive director at BBA Libor Ltd., the company that manages the London interbank offered rate for the British Bankers’ Association, from May 2010 to Sept. 2011, according to filings at the U.K.’s Companies House.

References[edit]

John Lothian News logo1.png

@JohnLothian Twitter Feed

@JohnLothian: Mark Shore Named Executive Director of the Arditti Center for Risk Management
Mark Shore Named Executive Director of the Arditti Center for Risk Management https://t.co/3mtbMNKTZ0— John Lothian (@JohnLothian) May 19, 2022

View Page

@JohnLothian: China is helping some stronger developers tap the domestic bond market, the latest move to support the ailing property sector amid a broader economic slowdown
China is helping some stronger developers tap the domestic bond market, the latest move to support the ailing property sector amid a broader economic slowdown https://t.co/hTP6Hi75oN— John Loth...

View Page

@JohnLothian:
https://t.co/av9sNF7x4E— John Lothian (@JohnLothian) May 19, 2022

View Page

@JohnLothian: FTX US Launches FTX Stocks Offering Trading on US Listed Equities & ETFs
FTX US Launches FTX Stocks Offering Trading on US Listed Equities & ETFs https://t.co/oTnEZaH05T— John Lothian (@JohnLothian) May 19, 2022

View Page

@JohnLothian: ICE amends divestment plans of Euroclear stake; Change of direction sees ICE offload its Euroclear stake to two government-owned investment firms for the same price agreed with Silver...
ICE amends divestment plans of Euroclear stake; Change of direction sees ICE offload its Euroclear stake to two government-owned investment firms for the same price agreed with Silver Lake last yea...

View Page

@JohnLothian: FINBOURNE Technology appoints new CTO as part of North American and APAC expansion; New chief technology officer brings more than 20 years’ experience in financial services, having se...
FINBOURNE Technology appoints new CTO as part of North American and APAC expansion; New chief technology officer brings more than 20 years’ experience in financial services, having served at Barcla...

View Page

We visit more than 100 websites daily for financial news (Would YOU do that?). Read the John Lothian Newsletter.