The International Stock Exchange (TISE) has announced Mark Nicol as the new Managing Director of its regulatory arm, The International Stock Exchange Authority Limited (TISEA).

Mr Nicol joined TISEA on Monday [4 December] having previously worked at the UK’s Financial Conduct Authority (FCA) and the London Stock Exchange. 

Mark Tubby, Chairman of TISEA, said: “I am delighted to welcome Mark as the new Managing Director of TISEA. He brings significant experience of both the regulatory and exchange environments in the UK which will be hugely important as TISE continues to evolve in what is a rapidly changing landscape for financial services.”

Prior to his appointment as Managing Director of TISEA, Mr Nicol held a number of senior leadership positions at the FCA. Previously he spent 12 years working for several exchange businesses in London, including the London Stock Exchange, EDX London and OM London Exchange.

Mr Nicol said: “I am very pleased to have joined as Managing Director of TISEA. I am aware of the successful developments at the company in the last few years and the challenge of driving this on further in order to enhance the regulatory and operational environment for exchange services here at TISE. I look forward to working with our teams, our Members and all our stakeholders across Guernsey, Jersey, the Isle of Man and beyond.” 

Mr Nicol is qualified with the Chartered Institute of Management Accountants (CIMA) and holds a Bachelor of Commerce Degree from the University of Cape Town, South Africa.

Mr Nicol, who is now based in Guernsey, succeeds Advocate Diana Thompson as head of the regulatory arm of TISE.

Fiona Le Poidevin, CEO of TISEA’s parent company, The International Stock Exchange Group Limited (TISEG), said: “I would also like to welcome Mark to TISE and I am very much looking forward to working with him on developing the Exchange. We have had a very successful year but we want to continue to build on that momentum and so it is fantastic that he is able to join us now as we look to take further strides forward in 2018.”