Bailey plans to exit ACI in October

South African chapter president Brigid Taylor expected to be interim president and will be in the running for a permanent role

Marshall Bailey: will continue to represent the ACI in its work with the BIS

Marshall Bailey, global president of the ACI, the international association of wholesale financial market participants, plans to resign, effective on October 31, sources have told FX Week.

"I'm very pleased with the position the ACI is in, with the work on the Global Code of Conduct continuing, as well as the ongoing professionalisation," says Bailey.

"I think in a lot of ways, Marshall was the perfect president, because he really had experience that crossed the industry, from trading to sales

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