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28 March 2013

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

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

© HM Treasury

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