Lloyds hire completes FCA supervisory director line-up

The Financial Conduct Authority has recruited Karina McTeague from Lloyds Banking Group as director of retail banking in its supervisory division, effective from November 2013.

Ms McTeague held a variety of risk, policy and general counsel roles at the bank and recently returned from just over two years as chief risk officer for North America. In her new role she will be responsible for the conduct supervision of the “largest and most complex retail banking groups in the UK”.

The FCA also confirmed three other permanent appointments to its supervisory director team to complete the new structure for the division announced in April, all of which have been holding the roles in an acting capacity.

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Linda Woodall now has a permanent role as mortgages and consumer lending director, while Nick Poyntz-Wright is director of long-term savings and pensions and William Amos is director of wholesale banking and investment management.

The regulator said the structure aligns the FCA’s forward-looking and “pro-active approach” to firm supervision with the markets the FCA oversee and the products consumers buy.

All four of the new directors will report to Clive Adamson, who remains director of supervision at the FCA.

Mr Adamson said: “I am delighted to have appointed Karina, Nick, Will and Linda to the Supervision division. They bring a wealth of industry and regulatory experience and will strengthen the leadership of the organisation.

“These appointments also provide more management depth to help us take forward the FCA’s agenda in the diverse sectors that they will lead.”