He will lead the team developing ICMA Ltd's existing market services, including TRAX2, the transaction management and reporting system and its market data offering. Building on ICMA Ltd's long established reputation as a market leader in the supply of high quality financial market data, the new product management team will develop the strategic vision to deliver the company's next generation of market focused services for the international investment industry.

Commenting on the appointment, Kevin Milne, Managing Director of ICMA Ltd., said: "We are delighted to welcome Graeme on board to drive forward ICMA Ltd's product offering. The wealth of his knowledge and experience in the market gained over the past 19 years will prove invaluable in achieving our objectives to expand our products and services, responding to both our clients' needs and the evolving competitive landscape."

Mr Austin joins the company today, September 3, 2007. Previously he was Managing Director at STP Information Services Limited, the market leader in benchmarking, publishing and events business in the capital markets technology arena. In this capacity, he led the various areas of the business including business sales, account and product management, development of new business areas, product management implementation as well as consultancy/professional services. He has been responsible for a number of product launches including benchmarking analytics services, new publications and international events.