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Thursday, 28 March 2013 12:01
Financial Conduct Authority includes Financial Planner in new board
![Financial Planner Amanda Davidson of Baigrie Davies](/images/joomlart/article/079d89900b01f43ae33a42bfce592281.jpg)
The Treasury today named the members of the Financial Conduct Authority board who will decide the strategy of the new regulator from Monday 1 April 2013 when the FCA begins operating.
Including FCA chairman John Griffith-Jones, the board will consist of 12 members. This includes four executive members: Martin Wheatley, chief executive of the FCA; Tracey McDermott, FCA director of enforcement and financial crime; Clive Adamson, FCA director of supervision; and Lesley Titcomb, FCA chief operating officer.
Financial Planner Amanda Davidson, of Baigrie Davies, will be a non-executive board member. She was also a member of the FSA board as are many of the new appointments.
Andrew Bailey, chief executive of the Prudential Regulation Authority, will be a non-executive director. Mick McAteer, Amanda Davidson and Sir Brian Pomeroy were all FSA Board members and will join the FCA Board as non-executive directors. Three non-executive directors are new appointments and these are Jane Platt, David Harker CBE and Amelia Fletcher.
The full FCA Board is follows:
· John Griffith-Jones (chair)
· Martin Wheatley
· Tracey McDermott
· Clive Adamson
· Lesley Titcomb
· Andrew Bailey
· Sir Brian Pomeroy
· Mick McAteer
· Amanda Davidson
· Jane Platt
· David Harker CBE
· Amelia Fletcher
John Griffith-Jones, chairman of the FCA, said: "The creation of a new financial regulator is a once in a generation event and the regulatory objectives set out for the FCA by Parliament demand a wide skill set. Therefore, I am especially pleased with the range and depth of experience of our new Board, as we embark on the FCA journey."
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Andrew Bailey will take up the role of Deputy Governor for Prudential Regulation and Chief Executive Officer of the Prudential Regulation Authority (PRA) on 1 April 2013. As Deputy Governor for Prudential Regulation and CEO of the PRA, Andrew will also be a member of the Bank of England's Court of Directors, the PRA Board, the Financial Policy Committee and the Board of the FCA.
FCA board member details:
· Jane Platt is currently the Chief Executive of National Savings and Investments, having previous extensive experience of the commercial financial world gained at Reuters, Barclays and Mercury Asset Management.
· David Harker CBE was the CEO of Citizens Advice from 1997 to 2010. Until March 2013 he sat on the FSA's Consumer Panel, and he is currently a member of the Advertising Standards Authority Council and sits on the Board of Ofgem where he has gained experience of competition issues in the utilities sector.
· Amelia Fletcher has been the Chief Economist at the Office Fair Trading since 2001. She recently stood down from the OFT to become a Professor of Competition Policy at the University of East Anglia.
· Amanda Davidson has been a Director of Baigrie Davies, an Independent Financial Adviser, since 2005. Her previous career includes Directorship of Holden Meehan where she was involved in the sale of the business to Bradford & Bingley in 2003. Amanda was previously a member of the FSA Board.
· Sir Brian Pomeroy was the Senior Partner of Deloitte Consulting until 1999 when he took up a number of public, private and voluntary sector appointments. Sir Brian was previously a member of the FSA Board.
· Mick McAteer is a consumer advocate with long experience of representing consumers at UK and EU level. Mick was previously a member of the FSA Board.
Including FCA chairman John Griffith-Jones, the board will consist of 12 members. This includes four executive members: Martin Wheatley, chief executive of the FCA; Tracey McDermott, FCA director of enforcement and financial crime; Clive Adamson, FCA director of supervision; and Lesley Titcomb, FCA chief operating officer.
Financial Planner Amanda Davidson, of Baigrie Davies, will be a non-executive board member. She was also a member of the FSA board as are many of the new appointments.
Andrew Bailey, chief executive of the Prudential Regulation Authority, will be a non-executive director. Mick McAteer, Amanda Davidson and Sir Brian Pomeroy were all FSA Board members and will join the FCA Board as non-executive directors. Three non-executive directors are new appointments and these are Jane Platt, David Harker CBE and Amelia Fletcher.
The full FCA Board is follows:
· John Griffith-Jones (chair)
· Martin Wheatley
· Tracey McDermott
· Clive Adamson
· Lesley Titcomb
· Andrew Bailey
· Sir Brian Pomeroy
· Mick McAteer
· Amanda Davidson
· Jane Platt
· David Harker CBE
· Amelia Fletcher
John Griffith-Jones, chairman of the FCA, said: "The creation of a new financial regulator is a once in a generation event and the regulatory objectives set out for the FCA by Parliament demand a wide skill set. Therefore, I am especially pleased with the range and depth of experience of our new Board, as we embark on the FCA journey."
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Andrew Bailey will take up the role of Deputy Governor for Prudential Regulation and Chief Executive Officer of the Prudential Regulation Authority (PRA) on 1 April 2013. As Deputy Governor for Prudential Regulation and CEO of the PRA, Andrew will also be a member of the Bank of England's Court of Directors, the PRA Board, the Financial Policy Committee and the Board of the FCA.
FCA board member details:
· Jane Platt is currently the Chief Executive of National Savings and Investments, having previous extensive experience of the commercial financial world gained at Reuters, Barclays and Mercury Asset Management.
· David Harker CBE was the CEO of Citizens Advice from 1997 to 2010. Until March 2013 he sat on the FSA's Consumer Panel, and he is currently a member of the Advertising Standards Authority Council and sits on the Board of Ofgem where he has gained experience of competition issues in the utilities sector.
· Amelia Fletcher has been the Chief Economist at the Office Fair Trading since 2001. She recently stood down from the OFT to become a Professor of Competition Policy at the University of East Anglia.
· Amanda Davidson has been a Director of Baigrie Davies, an Independent Financial Adviser, since 2005. Her previous career includes Directorship of Holden Meehan where she was involved in the sale of the business to Bradford & Bingley in 2003. Amanda was previously a member of the FSA Board.
· Sir Brian Pomeroy was the Senior Partner of Deloitte Consulting until 1999 when he took up a number of public, private and voluntary sector appointments. Sir Brian was previously a member of the FSA Board.
· Mick McAteer is a consumer advocate with long experience of representing consumers at UK and EU level. Mick was previously a member of the FSA Board.
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