The Financial Conduct Authority (FCA) today confirmed the appointment of Nick Stace as a Non-Executive Director to its board.
The appointment, made by HM Treasury, is for an initial three year term starting 1 April 2017.
Welcoming the appointment, FCA Chairman John Griffith-Jones said:
“One of the FCA’s key strategic objectives is to ensure we secure an appropriate degree of protection for consumers in financial services. Nick’s extensive experience and knowledge gained through working at senior levels within organisations that deal directly with consumer related issues will be a significant asset to the FCA. We look forward to having him on our Board.”
Nick Stace added:
"I am delighted to be joining the FCA at such an important time. The treatment of consumers using financial services is something that we can all relate to and is rightly one of the FCA’s priorities in the work it performs. I look forward to joining the board to help the FCA meet its objectives in this area.”
Economic Secretary to the Treasury, Simon Kirby said:
“The Financial Conduct Authority plays an important role ensuring Britain’s financial services sector delivers for consumers. Nick Stace will bring a wealth of consumer and leadership experience to this role and is ideally suited to help the FCA deliver its objectives.”
Nick Stace is currently Chief Executive of the Royal College of Veterinary Surgeons. He has held executive leadership positions in consumer organisations as Deputy CEO of Which? (UK) and CEO of Choice (Australia), as well as a number of non-executive roles focusing on consumer experience, including as a director of a European consumer affairs organisation (BEUC) and as a director of Consumers’ International.
Notes to editors
- This appointment has been made under the Financial Services and Markets Act 2000, as amended by the Financial Services Act 2012 ("the Act"), and in accordance with the Commissioner for Public Appointments Code of Practice.
- Appointments of non-executive directors to the FCA are made by the Treasury and the terms of service of appointed members are determined by the Treasury in accordance with the Act.
- On 1 April 2013, the FCA became responsible for the conduct supervision of all regulated financial firms and the prudential supervision of those not supervised by the Prudential Regulation Authority (PRA).
- The FCA has an overarching strategic objective of ensuring the relevant markets function well. To support this it has three operational objectives: to secure an appropriate degree of protection for consumers; to protect and enhance the integrity of the UK financial system; and to promote effective competition in the interests of consumers.
- Find out more information about the FCA.