FCA appoints two new Non-Executive Directors in newest shakeup at the top

The Financial Conduct Authority (FCA), the UK City regulator, has confirmed the appointment of Jeannette Lichner and Bernadette Conroy as non-executive Directors. 

Lichner and Conroy will begin their three-year terms on 1 April 2020 and 1 August 2020 respectively. 

Today’s news is the first big play by incoming interim FCA CEO Chris Woolard as he hopes to deliver ambitious plans for change in 2020.

Existing directors Amelia Fletcher OBE and Catherine Bradley CBE will step down after completing their terms, having served since April 2013 and August 2014 respectively. 

Incoming director Conroy has extensive experience as a senior manager and non-executive experience in organisations in both the public and private sectors, including financial services. 

While Lichner has a background in international financial services and has held senior leadership roles in a number of major financial organisations. 

The economic secretary to the Treasury, John Glen, said: “Their expertise and knowledge will be highly valuable to the FCA as it carries out its vital role.”

Chair of the FCA, Charles Randell, said: “They have extensive combined experience both in financial services and a range of public service organisations.”

The news of their appointments comes just a few weeks after Woolard, the former executive director of strategy and competition, was made interim Chief Executive of the FCA on 27 January 2020.

Woolard steps into the position after it was announced the FCA’s former Chief Executive was to become the next governor of the Bank of England.