The Financial Conduct Authority (FCA), the
United Kingdom’s financial industry watchdog, has selected six directors to help bolster its three-year strategic plan.
The appointed directors are Roma Pearson, a Head
of Department in the Risk and Compliance Oversight Division of FCA; Camille
Blackburn, the Global Chief Compliance Officer of Legal & General
Investment Management; and Matthew Long, a director within the National
Economic Crime Command of the National Crime Agency.
The three other chosen directors are Anthony
Monaghan, the Head of Retail and Regulatory Investigations at FCA’s Enforcement
and Market Oversight Division; Karen Baxter, a former National
Coordinator for Economic Crime at the City of London Police; and Simon Walls,
the FCA’s interim Director.
Positions and Roles
Pearson, who will take up his appointment in
July, is to serve as the regulator’s Director of Consumer Finance.
In the role, the long-time FCA staff member will
help to lead the watchdog’s supervision and policy development in the consumer
lending and mortgages sectors.
Blackburn will resume office in October as the
Director of Wholesale Buy-Side, a newly created role.
She is to oversee FCA’s effective supervision
and policy development in asset management, custody banks, investment research
and alternative investments.
Long will become the Director of Payments and
Digital Assets, also a newly-created role.
He is to resume in October to spearhead the
regulator’s activities in electronic money, payment and crypto-asset
markets.
Monaghan, who has been acting as the Director of
Retail and Regulatory Investigations since April 2021, has been cleared to act on a permanent basis.
Anthony’s new appointment is a promotion to further take charge of FCA’s
regulatory investigations into the banking, insurance, financial advice and
personal pensions industries, among others.
Baxter is set to become the Director of
Strategy, Policy and International Intelligence in September, to support the
watchdog’s enforcement and market oversight activities.
Walls, who has been acting in an interim capacity,
will now act as the Director of Wholesale (Sell-Side) on a permanent basis.
Meanwhile, Richard Lloyd in June took over the
reins of FCA from Charles
Randell as the FCA Interim Chair.
FCA also recently expanded its
senior leadership team with important appointments, including selecting Walls as an
Interim Director.
‘Ambitious Strategy’
Nikhil Rathi, the Chief Executive Officer of
FCA, noted that the appointments are important to help the regulatory body
achieve its three-year
plan.
The plan, which extends from 2022 to 2025, is to
reduce and prevent serious harms to consumers; set higher standards
for products; and promote competition and positive change with greater
regulatory open-mindedness.
“As our remit grows and to deliver on our
ambitious strategy, we’re continuing to develop and bring in the skills and
talent we need,” said Rathi.
“My Executive Committee colleagues and I are
delighted to announce the latest additions to our leadership team, who will
each bring deep expertise and broad experience to the FCA,” the CEO added
The Financial Conduct Authority (FCA), the
United Kingdom’s financial industry watchdog, has selected six directors to help bolster its three-year strategic plan.
The appointed directors are Roma Pearson, a Head
of Department in the Risk and Compliance Oversight Division of FCA; Camille
Blackburn, the Global Chief Compliance Officer of Legal & General
Investment Management; and Matthew Long, a director within the National
Economic Crime Command of the National Crime Agency.
The three other chosen directors are Anthony
Monaghan, the Head of Retail and Regulatory Investigations at FCA’s Enforcement
and Market Oversight Division; Karen Baxter, a former National
Coordinator for Economic Crime at the City of London Police; and Simon Walls,
the FCA’s interim Director.
Positions and Roles
Pearson, who will take up his appointment in
July, is to serve as the regulator’s Director of Consumer Finance.
In the role, the long-time FCA staff member will
help to lead the watchdog’s supervision and policy development in the consumer
lending and mortgages sectors.
Blackburn will resume office in October as the
Director of Wholesale Buy-Side, a newly created role.
She is to oversee FCA’s effective supervision
and policy development in asset management, custody banks, investment research
and alternative investments.
Long will become the Director of Payments and
Digital Assets, also a newly-created role.
He is to resume in October to spearhead the
regulator’s activities in electronic money, payment and crypto-asset
markets.
Monaghan, who has been acting as the Director of
Retail and Regulatory Investigations since April 2021, has been cleared to act on a permanent basis.
Anthony’s new appointment is a promotion to further take charge of FCA’s
regulatory investigations into the banking, insurance, financial advice and
personal pensions industries, among others.
Baxter is set to become the Director of
Strategy, Policy and International Intelligence in September, to support the
watchdog’s enforcement and market oversight activities.
Walls, who has been acting in an interim capacity,
will now act as the Director of Wholesale (Sell-Side) on a permanent basis.
Meanwhile, Richard Lloyd in June took over the
reins of FCA from Charles
Randell as the FCA Interim Chair.
FCA also recently expanded its
senior leadership team with important appointments, including selecting Walls as an
Interim Director.
‘Ambitious Strategy’
Nikhil Rathi, the Chief Executive Officer of
FCA, noted that the appointments are important to help the regulatory body
achieve its three-year
plan.
The plan, which extends from 2022 to 2025, is to
reduce and prevent serious harms to consumers; set higher standards
for products; and promote competition and positive change with greater
regulatory open-mindedness.
“As our remit grows and to deliver on our
ambitious strategy, we’re continuing to develop and bring in the skills and
talent we need,” said Rathi.
“My Executive Committee colleagues and I are
delighted to announce the latest additions to our leadership team, who will
each bring deep expertise and broad experience to the FCA,” the CEO added
