Treasury appoints Sophie Hutcherson to FCA board

The Treasury has appointed Sophie Hutcherson to the board of the Financial Conduct Authority (FCA) from 17 April.

Bernadette Conroy has also been reappointed for a second term.

Hutcherson has 30 years’ experience in financial services having worked as senior advisor to the chief executive at Wells Fargo and held various senior positions at Deutsche Bank UK.

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Meanwhile, Conroy’s executive career was spent in the financial services sector, where she gained 29 years’ experience at HSBC, Morgan Stanley and Booz Allen Hamilton.

“I am delighted to welcome Sophie to the board of the FCA, bringing a wealth of commercial experience from her more than 30 years as a leader in the financial sector, and with the reappointment of Bernadette, so we can continue to benefit from her strong focus on strategic delivery,” said FCA chair Ashley Alder.

“As the remit of the FCA continues to grow, it is vital our board can draw on a range of experiences.”

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In addition, Ben Broadbent has been reappointed for a third term to the Prudential Regulation Committee, the board of the Prudential Regulation Authority.

This will align to conclude on 30 June 2024, when his second term as deputy governor for Monetary Policy at the Bank of England is also due to end.

Commenting on the appointments, the economic secretary to the Treasury Andrew Griffith said: “Their wealth of commercial experience within the financial services sector will strengthen the FCA’s board and ensure the UK’s regulatory framework supports the Government’s vision at a time when Parliament is adding an important new duty on growth and international competitiveness.”

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