All change at FCA 05 June 2015London Reporter: Stephanie Palmer
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The UK Financial Conduct Authority (FCA) has added to its team of executives, appointing Mark Steward as director of enforcement and market oversight and Barbara Frohn as director of risk and compliance oversight.
Steward is currently head of enforcement at the Hong Kong Securities and Futures Commission.
Frohn is managing director of public policy for Santander in the US, but is currently on secondment to the Institute of International Finance in Washington DC.
Both are expected to take up their new roles in London in Autumn.
Martin Wheatley, CEO of the FCA, said: “These are two vital roles within the UK regulatory system and it says a lot about the FCA that we have been able to attract such high calibre candidates to fill them.”
“Mark and Barbara have built up excellent reputations for their work in financial services across the globe, and I am delighted they have chosen to bring their experience to the FCA.”
The appointments come shortly after a bout of directorship appointments within the FCA, including Marc Teasdale, who was named director of market oversight within the enforcement and market oversight division.
Jo Hill was also appointed as director for markets intelligence, data and analysis.
The shake-up represents the next stage in implementation of the FCA’s new strategic approach and leadership structure.
Wheatley said: “While the FCA has been able to attract some of the best people from outside, we also have highly talented, hard-working people within the organisation and Marc Teasdale [and] Jo Hill […] will be taking on roles that will be vital to the organisation successfully delivering its objectives and priorities for the years ahead.”
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