The Board is made up of executive and non-executive members.
Our members
Ashley Alder - FCA Chair
Ashley Alder became Chair of the FCA Board in February 2023.
Ashley was previously the Chief Executive Officer of the Securities and Futures Commission (SFC) in Hong Kong, a role he has held since 2011.
He also chaired the Board of the International Organization of Securities Commissions (IOSCO).
Ashley began his career as a lawyer in London in 1984 and practised in Hong Kong for more than 20 years. He was Executive Director of the SFC's Corporate Finance Division from 2001 to 2004, before returning to private practice at Herbert Smith LLP, a law firm, as Head of Asia.
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 from 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 and has worked in this capacity across the health, housing, education and property and regeneration sectors. She is currently Chair of the Regulator of Social Housing and the independent Chair of Buildings and Space Management committees at the University of Cambridge. Previous non-executive roles include Chair of Network Homes and non-executive director of Community Health Partnerships (a Department of Health subsidiary). Bernadette is also a Governor of Bancroft’s School.
Prior to this, she held a number of senior executive 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.
Sophie Hutcherson - non-executive FCA Board member
Sophie has over 30 years experience in Financial Services, as a regulatory supervisor and policy maker and then in a variety of regional and global roles for multi-national and smaller firms in compliance, risk and general leadership.
She has extensive experience working internationally with Wells Fargo, Deutsche Bank and Lehman Brothers and has previously contributed to Women in Banking & Finance, the City of London Dragon Awards and is a Freeman of the City of London.
Sophie graduated with degrees in the UK and Germany, is a Fellow of the Chartered Association of Certified Accountants and is an Executive Coach.
Richard Lloyd OBE - non-executive FCA Board member
Richard Lloyd joined the FCA Board in April 2019. He is the Senior Independent Director and Deputy Chair. He has been Chair of the Risk and Oversight Committees. Richard was FCA Interim Chair between June 2022 – February 2023.
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 the Chair of People Committee and a member of Risk Committee.
Alice is the founder and Director of Future Inclusion, which coaches leaders and advises businesses on how to become more inclusive. Her key area of expertise lies in complex stakeholder management across industries and sectors.
Alice is the Chair of the University of York Council, and a member of the Remuneration Committee for the Government Commercial Office. She was formerly a Board member of HMRC, was 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 has 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 the 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 the 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.
Aidene Walsh - non-executive FCA Board member
Aidene Walsh is currently Chair of the Payment Systems Regulator. She is also an Executive Director with Banking Competition Remedies Ltd, the organisation established to implement the Alternative Remedies Package of measures agreed between the UK Government and the European Commission. Prior to joining BCR, Aidene was CEO of The Fairbanking Foundation. In her 26-year banking career, she has held various executive roles in commercial and transaction banking across Lloyds Banking Group, RBS, ABN Amro and Citigroup.
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 the Treasury in a variety of roles.
Bryan Zhang - non-executive FCA Board member
Bryan Zhang has extensive experience within financial services, particularly within Fintech, Digital Transformation, and Open Banking. He is a Co-Founder and the Executive Director of the Cambridge Centre for Alternative Finance (CCAF) at the University of Cambridge Judge Business School. He has a decade of experience in researching technology-enabled financial innovation and its interplay with regulation, supervision and policy nationally, regionally and globally.
Bryan has led and co-authored more than 50 reports on FinTech market trends, industry dynamics, regulatory changes and innovation as well as digital financial inclusion. He has advised and collaborated with numerous organisations including central banks, financial regulatory authorities, supervisory agencies, international corporations, multilateral development institutions and global standard-setting bodies.
Bryan is a member of Bank of England and HMT’s CBDC Engagement Forum, IMF's FAS Advisory Group, OECD's Steering Group on SME & Entrepreneurship Finance and the Bretton Woods Committee. He co-chairs the Future of Global FinTech Initiative, a collaboration between CCAF and the World Economic Forum. He also served as the Independent Chair of a Strategic Working Group (SWG) that looks at the future development of Open Banking in the UK, appointed by the Joint Regulatory Oversight Committee (JROC).
Committees
The Board has several committees to which it delegates certain functions/powers, which are:
- Audit Committee
- Oversight Committee
- People Committee
- Performance Committee
- Policy and Rules Committee
- Regulatory Decisions Committee
- Risk Committee
In addition, the Board is advised on Environmental, Social and Governance (ESG) issues by its ESG Advisory Committee, made up largely of external subject-matter experts. See more information on the ESG Advisory Committee.
Board minutes
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.
2024
- 27 June 2024 (PDF)
- 23 May 2024 (PDF)
- 25 April 2024 (PDF)
- 28 March 2024 (PDF)
- 29 February 2024 (PDF)
- 25 January 2024 (PDF)
2023
- 14 December 2023 (PDF)
- 23 November 2023 (PDF)
- 26 October 2023 (PDF)
- 28 September 2023 (PDF)
- 27 July 2023 (PDF)
- 29 June 2023 (PDF)
- 25 May 2023 (PDF)
- 27 April 2023 (PDF)
- 30 March 2023 (PDF)
- 23 February 2023 (PDF)
- 26 January 2023 (PDF)
2022
- 15 December 2022 (PDF)
- 24 November 2022 (PDF)
- 28 October 2022 (PDF)
- 4 October 2022 (PDF)
- 29 September 2022 (PDF)
- 15 July 2022 (PDF)
- 23 June 2022 (PDF)
- 26 May 2022 (PDF)
- 28 April 2022 (PDF)
- 23 & 24 March 2022 (PDF)
- 7 March 2022 (PDF)
- 25 February 2022 (PDF)
- 18 February 2022 (PDF)
- 27 January 2022 (PDF)
2021
- 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)
2020
- 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)
2019
- 12 December 2019 (PDF)
- 20 and 21 November 2019 (PDF)
- 23 and 24 October 2019 (PDF)
- 26 September 2019 (PDF)
- 4 September 2019 (PDF)
- 24 and 25 July 2019 (PDF)
- 27 June 2019 (PDF)
- 30 May 2019 (PDF)
- 24 and 25 April 2019 (PDF)
- 28 March 2019 (PDF)
- 28 February 2019 (PDF)
- 23 and 24 January 2019 (PDF)
2018
- 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)
2017
- 6 and 7 December 2017 (PDF)
- 9 November 2017 (PDF)
- 18 and 19 October 2017 (PDF)
- 11 and 12 September 2017 (PDF)
- 19 and 20 July 2017 (PDF)
- 21 and 22 June 2017 (PDF)
- 24 and 25 May 2017 (PDF)
- 26 and 27 April 2017 (PDF)
- 29 and 30 March 2017 (PDF)
- 22 and 23 February 2017 (PDF)
- 25 January 2017 (PDF)
2016
- 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)
2015
- 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)
2014
- 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)
2013
- 12 December 2013 (PDF)
- 7 November 2013 (PDF)
- 26 September 2013 (PDF)
- 5 September 2013 (PDF)
- 25 July 2013 (PDF)
- 27 June 2013 (PDF)
- 3 June 2013 (PDF)
- 25 April 2013 (PDF)
- 19 March 2013 (PDF)
- 28 February 2013 (PDF)