Three non-executive directors join FCA board
THREE non-executive directors have been appointed to the board of the Financial Conduct Authority (FCA).
Liam Coleman, Alice Maynard CBE and Tommaso Valletti will each serve three-year terms.
Read more: FCA chief Andrew Bailey: “We want to foster an environment in which risk taking occurs”
Coleman, who has held senior leadership roles in banking including chief executive of the Co-Op Bank, is currently chair of Great Western Hospitals NHS Trust.
Maynard has been a non-executive director and adviser across a range of regulated industries and is currently a board member at HMRC and Transport for London. She was previously chair of the charity Scope.
Valletti is a competition and regulatory economist who was most recently one of the two most senior competition experts at the European Commission.
Read more: FCA: Regulator not necessarily to blame for consumers’ investment losses
Economic secretary to the Treasury John Glen, who made the appointments, said the wealth of experience and expertise brought by the three individuals “will be incredibly valuable to the crucial work of the regulator”.
Charles Randell, chair of the FCA, added: “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.”
Read more: P2P platforms unfazed by FCA’s ‘written warning’