The UK’s Financial Conduct Authority (FCA) announced the appointment of Richard Lloyd to its Board of Directors as a non-executive Director. Richard Lloyd is one of the founding trustees of the Money and Mental Health Policy Institute and is the current Chair of the consumer complaint resolution entity known as Resolver. He will serve a three-year term starting on 1 April 2019.
Baroness Sarah Hogg was also re-appointed to continue acting as a Non-Executive Director for a second 3-year term effective from 1 April 2019. Baroness Hogg has wide experience as a director of publicly listed companies such as Carnival, 3i, and GKN, and public entities such as the BBC. She serves as a Senior Independent Director at the FCA.
The FCA also extended the second term of Amelia Fletcher OBE in her current role as a Non-Executive Director by one more year ending 31 March 2020. She will also keep serving as a Senior Independent Director at the Payment Systems Regulator for the extended period. Amelia Fletcher is also a Non-Executive Director at the Competition and Markets Authority as well as a Professor of Competition Policy at Norwich Business School.
The FCA Chair, Charles Randell commented:
Richard’s proven expertise and deep experience of both consumer issues and financial services mean he is ideally placed to further reinforce the FCA Board’s consideration of consumer needs. I know he will make a significant contribution and I look forward to working with him. I am also delighted that that Sarah Hogg and Amelia Fletcher will continue to serve on the Board.
Economic Secretary to the Treasury, John Glen added:
Richard Lloyd’s wealth of experience as a consumer expert will be a valuable contribution to the crucial work of the FCA, ensuring our financial sector keeps customers at the heart of how firms do business.
I am also delighted to re-appoint Baroness Sarah Hogg for a further three-year term, and to extend Amelia Fletcher’s second term by a further year. Both Sarah and Amelia have brought considerable expertise to the FCA Board, and I am grateful for their continued contributions.