On 9 July, over 300 people gathered at the Holy Family Church, Welwyn Garden City to celebrate the life of our friend and colleague Paul Chappell. Family, friends, colleagues, neighbours and members of his congregation and wider community attended a funeral Mass before joining his family at his home. ACI will be organising a memorial service in the City (London) at a future date – more details will be circulated as they become available.
In memory and honour of Paul, his son Will has set up a JustGiving page supporting The Haven, Stevenage. Paul was a long-standing patron and supporter of The Haven which helps homeless youth in the Stevenage and North Herts. areas. Click here to donate to this cause close to Paul’s heart.
“ACI UK is devastated at the loss of their colleague, supporter and friend Paul Chappell. Paul was a stalwart of the foreign exchange market – both as a veteran market practitioner with a long and illustrious career and as a committed proponent of industry best practice. We will all miss him very much. We extend our most sincere condolences to his wife Anne and his family at this time.” Sue Attwood, President, ACI UK
Paul was the epitome of an ‘industry veteran’, having enjoyed a long, illustrious and varied career in financial markets. He was, particularly, at the forefront of the modern foreign exchange industry, initially on the ‘sell side’ with roles at Chemical Bank and for a long period, Bank of America, where in the late 80s and early 90s he was a major influence in the development, launch and take up of EBS (Electronic Broking Services). An active and vociferous member of the original EBS consortium (representing Bank of America’s stakeholder interests) Paul’s commitment and support for the (then) market-changing EBS proposition, and his determination to ‘change dealer behaviour’ to trade on EBS contributed greatly to its early market adoption (and huge success).
Paul went on to create C-View, an FCA-regulated Investment Manager named rather neatly after his lovely holiday home, Sea View, in the Isle of Wight, where he enjoyed many happy vacations with his young family (and which he occasionally ‘shared’ with friends). As Chief Investment Officer of C-View, Paul managed a number of successful currency funds, at the same time gaining first hand insight into the ‘buy side’ experience of trading relationships and more recently, the challenges of implementing mandates and directives like EMIR and MiFID. He channelled this experience into providing consultancy to other market participants and regulators.
A long-standing and active participant of ACI’s Foreign Exchange Committee, in the past few years Paul had stepped up his involvement in ACI activities considerably, first joining the ACI UK Executive Committee to support its local efforts and then, in 2017, becoming ACI’s first full time Director of Education. In this role, he worked tirelessly to promote ACI’s services in support of the new Global Code and to continue ACI’s influence in guiding industry best practice. He was especially engaged with ongoing industry debate around ‘last look’, chairing the ACI Working Group on the subject and bringing a voice of reason to this controversial topic. At a time in his life when he could have taken life much more easily – and with plans in place to enjoy his retirement with his wife Anne now his children were grown – he chose instead to embark on this new ‘career’, travelling extensively to spread the ACI word at industry conferences and events, meeting regulators and industry groups across the globe, and supporting ACI National Associations.
On a personal level, Paul was a committed Christian and devoted family man whose great pride in all of his family’s achievements were evident to everybody who met him. We will all miss him very much; this is a great loss to ACI, to our industry and to so many of us personally.
Tina Kane/25 June 2018