FCA names six new directors as it expands headcount

The Financial Conduct Authority (FCA) has appointed six directors to its team to boost expertise and widen headcount.

Roma Pearson – who has been with the FCA and its predecessors since 1996 – has been appointed director of consumer finance. She will be responsible for the supervision and policy department in the consumer lending and mortgages sectors. She most recently served as a head of department in the risk and compliance oversight division.

Joining the FCA in the newly created role of director of wholesale buy-side will be Camille Blackburn, who will be responsible for policy development and the supervision across asset management, custody banks, alternative investments and investment research. She will join the organisation from Legal & General Investment Management, where she serves as global chief compliance officer.

Meanwhile, Matthew Long – currently a director within the National Economic Crime Command within the National Crime Agency – has been appointed as director of payments and digital assets, a new role that oversees the e-money, crypto-asset and payment markets and leading related policy development.

Securing a promotion is Anthony Monaghan, who will become the director of retail and regulatory investigations. He previously served as head of retail and regulatory investigations within the FCA’s Enforcement and Market Oversight Division.

Karen Baxter will take on the role of director of strategy, policy, international and intelligence. In this role, she will lead the functions that support the range of the FCA’s enforcement and market oversight activities, helping ensure it has the tools it needs to do its work effectively.

Lastly, Simon Wallis will continue in the role of director of wholesale, sell-side on a permanent basis after holding the role on an interim basis since May.

FCA CEO Nikhil Rathi said, “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. 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 FCA recently fined Ghana International Bank £5,829,900 for poor AML and CTF controls over its correspondent banking activities.

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