News story
Update to appointment on Financial Conduct Authority (FCA) Board
HM Treasury has announced that Bernadette Conroy’s term as Non-Executive Director to the FCA Board will commence on 6 April 2020.
HM Treasury had previously announced the appointment of Bernadette Conroy as Non-Executive Director to the FCA Board, for a three year term beginning 1 August 2020.
To ensure that the FCA Board is fully resilient while it responds to the COVID-19 pandemic, HM Treasury has decided to bring forward the start of Bernadette’s three year term to 6 April 2020.
Further information:
- the FCA is the conduct regulator for 59,000 financial services firms and financial markets in the UK and the prudential regulator for over 18,000 of those firms
- the current FCA Board members are:
- Chris Woolard – interim Chief Executive
- Catherine Bradley CBE – non-executive FCA Board member
- Liam Coleman – non-executive FCA Board member
- Baroness Hogg – non-executive FCA Board member
- Richard Lloyd OBE – non-executive FCA Board member
- Alice Maynard CBE – non-executive FCA Board member
- Charles Randell CBE – Chair of the FCA
- Tommaso Valletti – non-executive FCA Board member
- Sam Woods – non-executive FCA Board member
- Jeannette Lichner – non-executive FCA Board member
- 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 for two of the non-executive directors
- this appointment was regulated by the Office of the Commissioner for Public Appointments
- all appointments are made on merit and political activity plays no part in the selection process. However, in accordance with the original Nolan recommendations, there is a requirement for appointees’ political activity (if any declared) to be made public. Bernadette Conroy has confirmed that she has not engaged in any political activity in the last 5 years