The Financial Conduct Authority has made several appointments to statutory panels that oversee its work.
It has hired Clare Woodman who is head of EMEA and chief executive of Morgan Stanley & Co. International Plc to chair the FCA Markets Practitioner Panel.
Members of this panel are senior level industry representatives of the major sectors of the UK’s wholesale and securities markets.
The regulator has also appointed Barclays UK CEO Matt Hammerstein as chair of the FCA Practitioner Panel.
This panel’s remit is to represent the interests of practitioners at larger firms and give feedback to the FCA to help it meet strategic and operational objectives.
And Mandy Gradden, chief financial officer at Ascential plc, a specialist global information, data and analytics company, has been made chair of the Listing Authority Advisory Panel.
All three take up their roles on 1 August 2023.
The regulator works with five statutory panels when developing our policies and other regulatory decisions.
Welcoming the appointments, FCA chair Ashley Alder said: “Clare, Matt, and Mandy bring with them a deep wealth of experience and knowledge at a changing and challenging time for the economy and for consumers. They will play a vital role in providing insight and challenge on behalf of the firms, markets and consumers we serve by ensuring that all voices are heard.
“I am confident they will continue the excellent work of the panels in ensuring our regulation is targeted, timely, and effective. And most importantly, that it delivers the right outcomes for firms, markets and consumers.”
Commenting on his appointment, Matt Hammerstein said: “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.”
Mandy Gradden added: “The Listing Authority Advisory Panel plays such an important role in connecting issuers, investors, advisers 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.
“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.”
