Financial Conduct Authority makes new chair appointments to panels
The Financial Conduct Authority (FCA) has named three new chair appointments to its panels, who it said will help it meet its objectives.
The City watchdog has appointed Matt Hammerstein as chair of its practitioner panel, Clare Woodman as chair of the FCA markets practitioner panel and Mandy Gradden as chair of the listing authority advisory panel, effective from today.
The practitioner panels play a statutory role in providing early input and challenge to the policies and practices of the FCA.
The listing authority advisory panel advises the FCA on policy issues that affect issuers of securities, and on policy and regulation proposals from the FCA listings function.
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Hammerstein is chief executive for Barclays Bank UK, having joined in 2004 as director of group strategy. Prior to that he held senior management consultancy roles.
“It is a privilege to be asked to chair the FCA practitioner panel,” said Hammerstein. “The panel plays a critical role in helping the FCA better anticipate the implications of proposed policy changes, and to better understand whether the existing body of policy is achieving the expected and appropriate outcomes.
“With the introduction of the new Consumer Duty, the incorporation of a competitiveness objective, the transformation of the FCA itself, and the ongoing uncertainty and challenges in the economy, an active dialogue between practitioners and the FCA is vitally important. I look forward to ensuring that that dialogue is productive and meaningful on behalf of the consumers, businesses, and markets that we jointly serve.”
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Woodman is head of EMEA and chief executive of Morgan Stanley & Co. International, having joined the bank in 2002 from Clifford Chance.
“I am delighted to have the opportunity to serve as chair of the markets practitioner
panel,” she said. “With the financial market environment constantly evolving, it is vital that regulators and industry continue to work together. I look forward to working with my senior industry colleagues and the FCA to ensure that markets remain efficient and effective allocators of capital, while upholding the highest standards.”
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Gradden has been chief financial officer of global data and analytics firm Ascential since 2013, having previously held roles at semiconductor company Torex and technology consultancy Detica Group.
“The listing authority advisory panel plays such an important role in connecting issuers, investors, advisors and other market participants with the FCA and we are fortunate to have such a talented and diverse group of stakeholders serving on the panel,” she said. “The FCA is tackling a very significant programme of innovation and reform as it supports the UK capital markets, and I am delighted to have the opportunity to serve as chair of the panel as we seek to support the FCA at such a critical time.”