FCA appoints three new board members

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The UK’s top finance watchdog has appointed three new non-executive directors to lead the regulator’s operations for the next three years.

Liam Coleman, Alice Maynard CBE and Tommaso Valletti will all join the Financial Conduct Authority’s (FCA) board, where they will each serve for the next three years.

Maynard was jointly appointed by HM Treasury and the Department for Business, Energy and Industrial Strategy. She has previously held non-executive director and advisor roles across a range of regulated industries. She is currently a board member at the HMRC and Transport for London Scope.

Coleman has held senior leadership roles in banking, including as the CEO of the Co-Op Bank. He is currently chair of Great Western Hospitals NHS Trust.

Valletti is a regulatory economist, who has varied experience across academia, multilateral development banks and, most recently, as one of the two most senior competition experts at the European Commission.

The Economic Secretary to the Treasury, John Glen, said, “The FCA has a vital role in ensuring our financial sector keeps people safe and that firms put customers at the heart of their decisions. So, I am delighted to announce these new appointments to the FCA Board. Their wealth of experience and expertise will be incredibly valuable to the crucial work of the regulator.

Charles Randell, chair at the FCA, added, “I’m delighted to welcome such an impressive group of new non-executive directors to the FCA Board.  They have extensive combined experience both in financial services and a range of public service organisations. As the FCA continues to adapt to deliver its Mission effectively in our rapidly changing world, its Board will continue to provide essential support and challenge.”

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