ICMA appoints new head of corporate communications

Zurich, Switzerland - London, UK - 12 September 2006

The International Capital Market Association (ICMA) is pleased to announce the appointment of Allan Malvar as Head of Corporate Communications for the Association. Mr. Malvar joins ICMA from MTS, the European Exchange for government bonds.

In his new role, Mr. Malvar will assume responsibility for the Association’s global public relations strategy as well as the development and expansion of its worldwide membership. Promotion of the Association’s capital market technology products (including TRAX) and the support of ICMA professional education programmes will be also amongst his responsibilities.

Commenting on the appointment, René Karsenti, Executive President of ICMA stated: “We are pleased to have secured someone of Allan’s considerable market experience for this important position at ICMA. He is well fitted to communicate the objectives of the Association to our global marketplace and to make a significant contribution to the part ICMA has to play in unifying and strengthening the representation of capital market constituencies internationally’.

Allan Malvar was Global Head of Communications at MTS for six years, overseeing the communications strategy for a group of regulated and organised fixed-income markets across Europe. He will take up his position at ICMA on October 16, 2006 and will be based in London.

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