The Financial Conduct Authority has appointed two directors of authorisations, alongside a new finance director to join this spring.
The regulator has appointed Laura Dawes and Dominic Cashman to work in the new director of authorisation roles.
Dawes is currently interim director of strategy, policy, international and intelligence in the FCA’s enforcement and market oversight division and has been in the role since January 2021.
She was formerly head of department for retail and regulatory investigations.
Prior to joining the FCA in 2011, Dawes worked as a barrister.
Meanwhile, Cashman joins the regulator from TP ICAP, an interdealer broker, where he was most recently head of integration and transformation and previously, interim group head of operations.
Prior to this, he was at Nomura between 2008 and 2017, where he was head of regulatory operations for three years.
The FCA said Dawes and Cashman will start their new roles in late April and early May.
Elsewhere, Craig Chapman will join the FCA as finance director in May.
Chapman is currently chief financial officer at RTX RouteTrader, a fintech operating in the telecoms sector.
Prior to this, Chapman held senior finance roles at ED&F Man, a commodities trader, and Barclays Capital.
His appointment follows the retirement of David Godfrey as the FCA’s finance director.
Emily Shepperd, chief operating officer and executive director of authorisations at the FCA, said: “Tackling the risk of consumer harm starts when firms apply to us for authorisation. Dominic and Laura will lead this vital part of the regulatory system.
“Craig is an experienced chief financial officer who will play a central part in making sure we have the right resources and we’re using them in the best way possible to meet our important objectives.”
The FCA said it is committed to a more “robust and efficient authorisation process” and has recruited almost 100 new colleagues, alongside reforming its authorisation process with more decisions now taken by individual senior managers rather than by committees.
sonia.rach@ft.com
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