The Board keeps a close watch on how our business is operating and holds us accountable for the way we work. It's made up of executive and non-executive members.
Liam Coleman - non-executive FCA Board member
Liam joined the FCA Board in November 2019.
Liam has over 30 years’ experience in the Banking industry in a variety of roles spanning retail and commercial banking and wholesale banking in his role as Treasurer at 3 banking organisations.
Liam worked as Deputy Chief Executive Officer and subsequently Chief Executive Officer at The Co-operative Bank plc from May 2016 through to July 2018, joining the bank in June 2013 as Treasurer and subsequently moving to become the Director of the Retail & Commercial Banking.
Prior to joining The Co-operative Bank plc, Liam was Deputy Group Treasurer and Group Head of Capital Management at RBS and Group Director, Treasury at Nationwide Building Society.
Earlier in his career, Liam worked at NatWest in corporate banking and at Hambros and Bank of Tokyo-Mitsubishi in corporate and structured finance.
Liam is currently Chairman of Great Western Hospitals NHS Foundation Trust. He is an Associate of the London Institute of Banking and Finance (ACIB) and an Associate of the Association of Corporate Treasurers, he holds an MBA form Warwick Business School.
Bernadette Conroy - non-executive FCA Board member
Bernadette joined the FCA Board in April 2020.
Bernadette holds a number of non-executive positions in the health, housing, education and property and regeneration sectors. She is currently Chair of Network Homes and a non-executive director of Community Health Partnerships (a subsidiary of the Department of Health). She is also the independent Chair of Buildings and Space Management at the University of Cambridge and a Governor of Bancroft’s School.
Prior to this, she held a number of senior roles in the financial services sector, latterly as Global Head of Strategy and Planning at HSBC’s Corporate and Investment Bank.
Bernadette has a degree in Mathematics from University of Cambridge and an MBA from INSEAD.
Jeannette Lichner - non-executive FCA Board member
Jeannette joined the FCA Board in April 2020.
Jeannette has over 30 years’ experience in the financial services industry in a variety of roles. Her first 20 years were in wholesale banking where she held senior roles in numerous functions including Operations, Finance, Corporate Finance and Regulatory Compliance at firms including Morgan Stanley and Bank of America.
In 2009 she moved into consulting, advising firms across industry sectors including wholesale and retail banking, insurance, and wealth and investment management on governance, risk and regulatory matters. In Jeannette’s final four years in the corporate sector she was head of the Governance, Risk and Regulatory practice at FTI Consulting and led the cross platform Financial Services group.
Since 2017 Jeannette has been working with clients as a senior advisor, governance expert and executive coach as well as working closely with several start-up companies.
She is currently Chair of Elucidate GmBh, a data-driven financial crime ratings company, and a trustee of Local Trust, a community empowering charity funded by the UK Community fund, where she chairs the Audit and Risk Committee. She is also a member of the Global Advisory Board of the McIntire School of Commerce of the University of Virginia, of which she is an alumnus.
Richard Lloyd OBE - Interim Chair of the FCA
Richard Lloyd took over as Interim Chair of the FCA Board on 1 June 2022.
Richard Lloyd joined the FCA Board in April 2019 and has been Senior Independent Director, Chair of the Board Risk Committee and Chair of the Oversight Committee.
Alongside his role at the FCA, Richard also chairs the Independent Parliamentary Standards Authority and a Council member of the Advertising Standards Authority. He was a founding trustee of the Money and Mental Health Policy Institute.
Richard led Which? as executive director from 2011 to 2016. Prior to this he was chief executive of the world federation of consumer organisations, Consumers International; head of policy at the housing charity, Shelter; and worked for two years in No10 Downing Street as a special adviser to the Prime Minister. He was awarded an OBE in 2019 for services to the economy and consumer rights.
Alice Maynard CBE - non-executive FCA Board member
Dr Alice Maynard joined the FCA Board in November 2019.
Alice is Director of Future Inclusion, coaching leaders and advising businesses on how to become more inclusive. Her key area of expertise lies in complex stakeholder management across industries and sectors.
She is a Board member of HMRC and a member of the Remuneration Committee for the Government Commercial Office. She was recently a member of the expert challenge panel for the Williams Rail Review and the Committee on Fuel Poverty, chaired a NICE guideline committee on improving the experience of adult social care users and chaired a number of non-profit organisations, including the charity Scope from 2008-2014.
Nikhil Rathi - Chief Executive and executive FCA Board member
Nikhil was appointed Chief Executive of the FCA on 1 October 2020.
He began his career in HM Treasury before serving as Private Secretary to the Prime Minister between 2005 – 2008. Nikhil then became Head of the Financial Stability Unit, overseeing a number of the UK’s financial stability interventions before becoming HM Treasury’s Director of the Financial Services Group from 2009 – 2014. In that role, he also served as the UK representative to the EU Financial Services Committee.
Nikhil joined the London Stock Exchange (LSE) in 2014, and was appointed CEO in 2015.
Nikhil holds a BA in philosophy, politics and economics from the University of Oxford.
Tommaso Valletti - non-executive FCA Board member
Tommaso Valletti joined the FCA Board in November 2019. He is also a member of the PSR Board.
He is Professor of Economics at Imperial College Business School, and also Professor of Economics at the University of Rome. He has previously taught at the London School of Economics, Telecom ParisTech/Ecole Polytechnique, and Turin.
He was the Chief Competition Economist of the European Commission (Directorate General for Competition) between 2016 and 2019. He was a board director of Consip, the Italian Public Procurement Agency. He has advised numerous bodies, including the EC, OECD, OFCOM, and the World Bank.
Tommaso’s main research interests are in industrial economics, regulation, and competition economics. He has published numerous articles in academic journals. He has a magna cum laude degree in engineering from Turin and holds a MSc and a PhD in economics from the London School of Economics.
Sam Woods - non-executive FCA Board member
Sam Woods assumed the role of Deputy Governor for Prudential Regulation and Chief Executive Officer of the Prudential Regulation Authority (PRA) on 1 July 2016. As Deputy Governor for Prudential Regulation and CEO of the PRA, Sam Woods is also a member of the Bank's Court of Directors, the Prudential Regulation Committee, the Financial Policy Committee, and the Board of the Financial Conduct Authority.
Sam's previous role was Executive Director of Insurance at the PRA. In this role, Sam was responsible for overseeing the monitoring and regulation of over 600 life and general insurance firms. Sam joined the Financial Services Authority (FSA) in 2011 and transferred to the Bank in 2013 with the integration of the PRA. He served as Director for Financial Stability Strategy and Risk, and prior to that was Director for Domestic UK Banks Supervision.
Before joining the FSA/Bank, Sam spent 10 years at HM Treasury in a variety of roles.
The Board meets regularly and a record of its decisions is taken.
The minutes of each meeting will be published within 6 weeks of each meeting (or if no meeting is subsequently held during that period, within 2 weeks of the next meeting).
They are edited in line with the exemptions in the Freedom of Information Act and do not include any information which, in our opinion, would be against the public interest.
- 21 December 2021 (PDF)
- 16 December 2021 (PDF)
- 25 November 2021 (PDF)
- 23 November 2021 (PDF)
- 11 November 2021 (PDF)
- 21 October 2021 (PDF)
- 30 September 2021 (PDF)
- 3 September 2021 (PDF)
- 19 August 2021 (PDF)
- 21 & 22 July 2021 (PDF)
- 24 June 2021 (PDF)
- 21 June 2021 (PDF)
- 3 June 2021 (PDF)
- 27 May 2021 (PDF)
- 29 April 2021 (PDF)
- 16 April 2021 (PDF)
- 25 March 2021 (PDF)
- 25 February 2021 (PDF)
- 28 January 2021 (PDF)
- 10 December 2020 (PDF)
- 3 December 2020 (PDF)
- 26 November 2020 (PDF)
- 12 November 2020 (PDF)
- 2 November 2020 (PDF)
- 21 & 22 October 2020 (PDF)
- 30 September 2020 (PDF)
- 17 September 2020 (PDF)
- 28 August 2020 (PDF)
- 22 & 23 July 2020 (PDF)
- 9 July 2020 (PDF)
- 25 June 2020 (PDF)
- 17 June 2020 (PDF)
- 10 June 2020 (PDF)
- 1 June 2020 (PDF)
- 21 May 2020 (PDF)
- 13 May 2020 (PDF)
- 4 May 2020 (PDF)
- 30 April 2020 (PDF)
- 23 April 2020 (PDF)
- 16 April 2020 (PDF)
- 8 April 2020 (PDF)
- 1 April 2020 (PDF)
- 26 March 2020 (PDF)
- 27 February 2020 (PDF)
- 29 and 30 January 2020 (PDF)
- 12 and 13 December 2018 (PDF)
- 15 November 2018 (PDF)
- 25 October 2018 (PDF)
- 26 and 27 September 2018 (PDF)
- 25 and 26 July 2018 (PDF)
- 27 and 28 June 2018 (PDF)
- 23 and 24 May 2018 (PDF)
- 25 and 26 April 2018 (PDF)
- 21 and 22 March 2018 (PDF)
- 21 and 22 February 2018 (PDF)
- 9 February 2018 (PDF)
- 17 and 18 January 2018 (PDF)
- 7 and 8 December 2016 (PDF)
- 2 and 3 November 2016 (PDF)
- 10 October 2016 (PDF)
- 21 and 22 September 2016 (PDF)
- 27 and 28 July 2016 (PDF)
- 08 July 2016 (PDF)
- 30 June 2016 (PDF)
- 24 June 2016 (PDF)
- 22 and 23 June 2016 (PDF)
- 25 and 26 May 2016 (PDF)
- 20 and 21 April 2016 (PDF)
- 16 and 17 March 2016 (PDF)
- 1 March 2016 (PDF)
- 24 and 25 February 2016 (PDF)
- 5 February 2016 (PDF)
- 27 and 28 January 2016 (PDF)
- 7 January 2016 (PDF)
- 2 and 3 December 2015 (PDF)
- 5 November 2015 (PDF)
- 21 and 22 October (PDF)
- 29 September 2015 (PDF)
- 23 and 24 September 2015 (PDF)
- 29 and 30 July 2015 (PDF)
- 16 July 2015 (PDF)
- 2 July 2015 (PDF)
- 26 June 2015 (PDF)
- 18 June 2015 (PDF)
- 3 and 4 June 2015 (PDF)
- 21 May 2015 (PDF)
- 22 and 23 April 2015 (PDF)
- 24 March 2015 (PDF)
- 25 and 26 February 2015 (PDF)
- 29 January 2015 (PDF)
- 11 December 2014 (PDF)
- 9 December 2014 (PDF)
- 28 November 2014 (PDF)
- 6 November 2014 (PDF)
- 17 October 2014 (PDF)
- 25 September 2014 (PDF)
- 24 July 2014 (PDF)
- 26 June 2014 (PDF)
- 25 June 2014 (PDF)
- 5 June 2014 (PDF)
- 22 May 2014 (PDF)
- 1 May 2014 (PDF)
- 4 April 2014 (PDF)
- 31 March 2014 (PDF)
- 28 March 2014 (PDF)
- 27 March 2014 (PDF)
- 27 February 2014 (PDF)
- 30 January 2014 (PDF)