Honoring Stéphane Malrait: Thank You!
An important voice in financial markets.
ACI Financial Markets Association extends its deep appreciation to Stéphane Malrait, who has decided to step down as Chairman of ACI FMA, effective on Friday 17th October 2025, to join the Board of the UK Financial Conduct Authority (FCA), after more than four years of dedicated service in this role at our Association.
Stéphane has been a long-standing contributor to ACI FMA. Since 2010, he has chaired the ACI FMA FX Committee, driving industry-wide dialogue on market practices, innovation, and regulatory developments. He has also represented ACI FMA in high-profile working groups such as the ECB FX Contact Group and the Global FX Committee.
Bringing deep industry expertise from his career in global markets, Stéphane combined strategic vision with technical insight, strengthening ACI FMA’s position as a trusted voice in global market structure discussions.
During his mandate, Stéphane has championed modernization in financial market practices, promoted collaboration between industry participants and regulators, and reinforced the importance of ethics, conduct, and professional excellence in today’s rapidly evolving markets.
As we bid farewell, the ACI FMA community wishes to thank Stéphane for his professionalism, leadership, and tireless dedication. We invite members and colleagues to join us in celebrating his achievements.
We wish Stéphane continued success in his next endeavors and are confident that he will remain an influential contributor to the financial markets industry.
On behalf of the entire ACI FMA community: Thank you, Stéphane!
The ACI FMA Management Board