HM Treasury: Government announces board members of new Financial Conduct Authority

28 March 2013

The board will be responsible for overseeing the work of the FCA as it pursues its three operational objectives from 1 April 2013 to secure protection for consumers; protect and enhance the integrity of the UK financial system; and promote effective competition in the interests of consumers.

As previously announced, the FCA will be chaired by John Griffith-Jones, with Martin Wheatley as chief executive. The executive members will be:

• Tracey McDermott, FCA director of enforcement and financial crime;
• Clive Adamson, FCA director of supervision; and
• Lesley Titcomb, FCA chief operating officer.

Andrew Bailey, chief executive of the Prudential Regulation Authority, Mick McAteer, Amanda Davidson and Sir Brian Pomeroy will re-join the board as non-executive directors.

Beyond the existing board members, three non-executive directors are being announced today. They are Jane Platt, David Harker and Amelia Fletcher.

Financial Secretary to the Treasury, Greg Clark said:

The financial services industry is integral to the success of the UK; it supports economic growth and our society as a whole.  The new Financial Conduct Authority will exist to rebuild trust and confidence in the sector, through a renewed and proactive focus on conduct regulation.

Press release

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