The International Capital Market Services Association

The association represents the interests of its members, institutions providing Paying Agency and similar services, in the International Capital Markets.


The primary purpose of the ICMSA is to foster the highest standards in the practice and management of international capital market services.

The ICMSA considers regulatory, legal and fiscal market developments that impact the issuance and asset servicing of international securities. The ICMSA Sub-Committees strive to create and implement best practices through published recommendations that facilitate the efficient functioning of the capital markets.


  • Attend and vote at General Meetings, ICMSA Forum and AGM
  • Membership of sub-committees
  • Stand for membership of the Management Committee
  • Full access to the ICMSA website

Enquire about membership


Allen Overy Shearman Sterling LLP

Alston & Bird (City) LLP

Apex Corporate Trustees (UK) Limited

Arthur Cox

Ashurst LLP

Baker & McKenzie LLP

Banque et Caisse d'Epargne de l'Etat, Luxembourg

Banque Internationale à Luxembourg SA

BNP Paribas SA, London Branch

China Construction Bank (Asia)

Citibank, N.A.

Clearstream Banking S.A.

Clifford Chance LLP

CSC Trustees Limited

Dentons UK and Middle East LLP

Deutsche Bank AG London

Elavon Financial Services DAC, UK Branch (trading as U.S. Bank Global Corporate Trust Services)

Euroclear Bank SA/NV

Fieldfisher LLP

Freshfields Bruckhaus Deringer LLP

GLAS Trustees Limited

Herbert Smith Freehills LLP

Hogan Lovells International LLP

HSBC Bank plc

K&L Gates LLP

Kroll Trustee Services Limited

Linklaters LLP

M&G Trustee Company Limited

Madison Pacific Limited

Mayer Brown International LLP

Mizuho Trust & Banking (Luxembourg) S.A.

MUFG Bank, Ltd.

Norton Rose Fulbright LLP

Ocorian Services UK Limited

Reed Smith LLP

Sidley Austin LLP

Simmons & Simmons LLP

Slaughter and May

Société de la Bourse de Luxembourg SA

Stephenson Harwood LLP

The Bank of New York Mellon

The Law Debenture Trust Corporation plc

TMF Global Services (UK) Limited

Vistra (UK) Limited

White & Case LLP

Wilmington Trust (London) Limited


The members of the Management Committee are:


Here are a selection of publications. These publications will be regularly updated to provide the latest information relevant to the work of ICMSA in the International Capital Markets.