consumer duty

FCA appoints four additional non-executive directors

The Chancellor of the Exchequer Rachel Reeves has confirmed that Julia Black, Anita Kimber, John Ball and Stéphane Malrait have been appointed as non–executive directors to the board of the Financial Conduct Authority (FCA).

The Chancellor also confirmed a one-year extension of Richard Lloyd’s second term as a non-executive director on the FCA board.

Black and Kimber will commence their terms on 12th May 2025, Ball on 27th May 2025, whilst Malrait will join later in the year on 20th October 2025.

They will each serve an initial three-year term.

Lloyd’s second term has been extended and will now conclude on 31 March 2026.

Chancellor of the Exchequer, Rachel Reeves, said: “The FCA have been crucial in supporting the government’s efforts to reform regulation in order to better support growth and I am pleased to announce the appointments of Julia Black, Anita Kimber, John Ball and Stéphane Malrait to the FCA board and the extension of Richard Lloyd for an additional year.

“All five individuals bring extensive financial services experience to the board and will help the FCA go further and faster to deliver on this government’s Plan for Change.”

Ashely Alder, chair of the FCA board, added: “I’m delighted to welcome Julia, Anita, John and Stéphane to the FCA board. Together, they bring a wealth of experience and insight across the financial services sector. I look forward to working with them as we deliver our ambitious new 5-year strategy.

“I’d also like to congratulate Richard Lloyd on the extension of his second term, which ensures we continue to benefit from his invaluable counsel in the months ahead.”

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