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Quilter boss Feeney to head up FCA panel

Quilter boss Feeney to head up FCA panel

Advice giant boss Paul Feeney is to head up the Financial Conduct Authority's practitioner panel next year. 

Mr Feeney, who has lead Quilter as its chief executive since 2012, will become chairman of the panel on January 1 having served as a member for the past five years. 

The FCA's practitioner panel was established alongside the regulator in its current form in 2013 and describes itself as a "critical friend" of the City watchdog. 

The panel's main function is to feed back the interests of the financial services industry to the FCA on policy issues. 

Mr Feeney succeeds Tulsi Naidu, the outgoing chief executive of Zurich UK, who was appointed as the panel's chairwoman in August last year. 

The Quilter boss said he was looking forward to helping the FCA build public confidence in, and engagement with, financial services.

Mr Feeney said: "At a moment in time when the industry and the regulator face unprecedented challenges it is especially important that the FCA can call on the expertise of senior industry practitioners."

Charles Randell, chairman of the FCA, thanked Ms Naidu for "quickly adapting the panel’s working practices" in the early days of the coronavirus pandemic this year. 

Mr Randell added: "Paul has served on the panel for a number of years and appreciates the important role it plays in ensuring our regulation is targeted and effective.

"As we approach the end of the Brexit transition period and tackle the impact of the coronavirus pandemic, the robust and constructive challenge of the Panel will continue to be a critical part of our governance." 

rachel.mortimer@ft.com 

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