Financial Conduct Authority  

FCA searches for chairman for SME panel

FCA searches for chairman for SME panel

The Financial Conduct Authority is looking for a new smaller businesses practitioner panel chairman to replace Marlene Shiels. 

Shiels, the chief executive of Capital Credit Union, was appointed to chair the panel in September 2019, after serving as a member since 2015.

In a statement today (October 27), the regulator said it was looking for a new chairman for the next three-year appointment. 

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The regulator’s smaller business practitioner panel is an independent body created to represent the interests of practitioners of small and medium sized firms within the FCA regulated industry. 

It is made up of senior practitioners of medium or small firms in the sector across the range of FCA-regulated activities and reports directly to the FCA board. 

The FCA said: “The panel offers advice and early input on the FCA’s work and brings to the attention of the FCA issues which smaller business practitioners feel are likely to be of major significance or controversy.

"The new chair will be key to ensuring that the panel offers constructive advice and challenge to help the FCA deliver its strategic and operational objectives."

The chairman is expected to attend monthly formal panel meetings, and engage regularly with the FCA’s chair.

The role requires a minimum commitment of 30 days per annum and pays £22,500.

Current chairman Shiels replaced Craig Errington, the former group chief executive of Wesleyan, the financial services provider for doctors, dentists, teachers and lawyers. 

Other panel members include Gemma Harle, managing director of the mortgage and financial planning network at Quilter Financial Planning, and Andy Chapman, chief executive of The Exeter.

The closing date for applications is December 5 and a shortlist will be announced before the end of January next year.