Financial Conduct Authority  

Shake-up at FCA board

Shake-up at FCA board

The board of the Financial Conduct Authority has welcomed two non-executive directors to replace Amelia Fletcher and Catherine Bradley whose term is ending this year.

Jeannette Lichner and Bernadette Conroy will serve three-year terms beginning on April 1 and 1 August 1 respectively.

Ms Conroy, currently chairwoman of a housing association and a non-executive director for Community Health Partnerships, has served at senior manager and non-executive levels in the public and private sectors, including financial services.

Ms Lichner has a background in international financial services and has held senior leadership roles in a number of financial organisations. Her current roles include non-executive director at Miller Insurance Services.

Chairman of the FCA board Charles Randell said: "I’m delighted to welcome Jeannette and Bernadette to the FCA board. They have extensive combined experience both in financial services and a range of public service organisations.

"I would also like to thank Amelia, Catherine and Nick for their valuable support and challenge to the FCA."

Ms Fletcher and Ms Bradley have served on the board since April 2013 and August 2014 respectively.

Ms Fletcher is a professor of competition policy at the University of East Anglia and also serves as non-executive director of the Competition and Markets Authority, while Ms Bradley is a board member with the FICC Markets Standard Board.

Ms Fletcher will also step down as a non-executive director of the Payment Systems Regulator, while Nick Stace, who was appointed in April 2017, has also stepped down from the FCA and PSR boards as of January 29.

As required by the Financial Services and Markets Act 2000, HM Treasury is responsible for appointments to the FCA board, along with the department for Business, Energy and Industrial Strategy which appoints two of the non-executive directors.

The economic secretary to the Treasury, John Glen, said: "The work of the FCA is crucial in ensuring we continue to have a world-leading financial services sector.

"I am therefore delighted to announce the appointments of Bernadette Conroy and Jeannette Lichner to the FCA board. Their expertise and knowledge will be highly valuable to the FCA as it carries out its vital role."

carmen.reichman@ft.com

What do you think about the issues raised by this story? Email us on fa.letters@ft.com to let us know.