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  • UK Financial Conduct Authority Makes Four Appointments to Executive Team

    The U.K. Financial Conduct Authority has made four new appointments to its executive team:
    • Stephanie Cohen will be the FCA's Chief Operating Officer, responsible for the FCA's operations and business performance, systems and infrastructure and finances;
    • Jessica Rusu will be the FCA's Chief Data, Information and Intelligence Officer, leading the transformation of the FCA's data intelligence and information;
    • Sarah Pritchard will be the FCA's Executive Director for Markets, delivering the FCA's statutory market integrity objective within the Supervision, Policy and Competition division; and
    • Emily Sheppherd will be the Executive Director for Authorizations, overseeing authorizations for firms and individuals applying to undertake regulated financial services activity in the U.K.

    Clare Cole has also been appointed as Director of Market Oversight, taking responsibility for the FCA's response to Lord Hill's upcoming Listings Review.

    The latest appointments reflect a series of changes to the FCA's senior leadership since the appointment of the FCA's new CEO, Nikhil Rathi. In December 2020, the FCA announced the merger of its two existing Supervision divisions with the policy and competition functions, creating a new, single division that will be led by two Executive Directors, Sheldon Mills (Executive Director, Consumers and Competition) and the newly appointed Sarah Pritchard (Executive Director, Markets). Jonathan Davidson, Executive Director of Supervision for Retail and Authorisations, will step down from his responsibilities. Mr Davidson was criticized in Dame Gloster's recent report into the FCA's handling of London Capital & Finance, the investment firm that collapsed into administration in 2019.

    View the FCA's announcement on its new executive team appointments.
    View the FCA's announcement of its Executive Directors for the new supervision, competition and policy division.
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