FSCS completes exec team shake-up with newly-created role

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FSCS completes exec team shake-up with newly-created role
BySonia Rach

The Financial Services Compensation Scheme has completed its executive team shake-up with the appointment of a newly-created role.

The FSCS has appointed Sabah Carter to its executive team as chief data, intelligence and technology officer.

The lifeboat scheme said the purpose of this new role is to oversee technology and data strategy and ensure that it has the necessary tools to best protect customers.

Speaking to FTAdviser, a spokesperson at FSCS said: “The creation of the [new] role builds on FSCS’s recognition that data and technology are fundamental to driving the four pillars of its strategy for the 2020s. 

“For example, under FSCS’s Prevent workstream, it works with the FCA and other partners to reduce harm to consumers. FSCS will continue to provide updates to the industry on its strategy in its regular communications.”

Carter joins from News Corp where she was formerly senior vice president and chief information officer, alongside serving as the chair for the corporate IT forum's members council. 

She was also a member of the board of directors for news technology services, a subsidiary company of News Corp.

During her time at News Corp, Carter also held the titles of CIO global operations and CIO enterprise systems, managing strategic relationships with technology partners and leading key business initiatives.

The FSCS said she joins with more than 20 years' experience in the IT industry holding leadership roles within several companies including Pearson English, BBC Worldwide, Capgemini and the Financial Times where she specialised in delivering transformative change to internal and external audiences.

She said: "I am hugely excited to be joining the FSCS executive team in this business-critical role.  

"I'm looking forward to rising to the challenges I have no doubt this role will present and ensuring that we make the best use of the technology, data and intelligence we have access to, whilst ensuring FSCS's customers remain at the heart of everything we do."

Carter’s appointment to the new role marks Caroline Rainbird's final appointment to her restructured executive team.  

Over the past 15 months, Rainbird has built a new c-suite to deliver FSCS's ambitious strategic agenda for the 2020s.  

Of the eight executive team roles including the CEO, six are held by women, making the FSCS executive 75 per cent female.  

This contrasts with just 26 per cent on average across the financial services sector, based on the five-year review of the Women in Finance Charter of which FSCS is a signatory. 

Rainbird added: "I am delighted to welcome Sabah to FSCS's executive team as chief data, intelligence and technology officer.