Our history
The ICMSA was founded in 1994 as the International Paying Agents Association (IPAA). As the work of the IPAA expanded, covering an increasing number of roles in the administration of Capital Market Issues, the association sought to recognise the expansion of the association.
On February 26 2004, the IPAA (with nine members) made a decision to widen the remit of the association and admit associate members. The IPAA changed its name to the International Capital Market Services Association – ICMSA, creating a Trade Association to reflect the evolving capital markets and providing a formal platform for all service organisations.
In 2009, with 27 members (14 full and 13 associate) all contributing to the work of the association the need to distinguish between two levels of ICMSA membership was deemed no longer necessary and all members were granted equal status in the association.
Although the work of the IPAA already covered the increasing number of roles in the administration of Capital Market Issues, we believe that this has not been fully recognised by the Market as a whole. We also believe that it is necessary to create a Trade Association that reflects the evolving capital markets and provides a formal platform for all service organisations. We believe that ICMSA can serve these needs. Message from Ray Morison, Chairman ICMSA 2002-2005.
