Aggregated News From Investment Management Regulators

New executive appointments at Financial Conduct Authority

Report/Flag

Please complete the required fields.



The FCA has appointed Sheldon Mills as the new Executive Director, Consumers and Competition, and Siobhán Sheridan as Chief People Officer.

The Executive Director, Consumers and Competition post was created last month when it was announced that the FCA’s two existing Supervision divisions would be brought together and merged with the policy and competition functions. These will form a new, single division led by two Executive Directors: one focused on the FCA’s consumer protection and competition objectives; the other on the objective to protect the financial markets.

Sheldon was formerly interim Executive Director, Strategy and Competition where he has, amongst other things, led the FCA’s response to ensure industry support for consumers during the pandemic. Prior to joining the FCA, Sheldon was Senior Director at the Competition and Markets Authority (CMA), where he had overall leadership responsibility for the delivery of merger control across the UK economy. Sheldon was recently named as one of the Top 20 Industry Professionals in the Global Diversity List and is also Chair of Trustees at Stonewall.

The new division involves a substantial restructuring of our existing senior management responsibilities for consumer outcomes which have been taken up by Sheldon with immediate effect. Jonathan Davidson, who currently holds some of these responsibilities, will support Sheldon through the transition and help ensure the success of our transformation programme before he leaves the FCA in early 2021.

Siobhán Sheridan joins the FCA as Chief People Officer from the Ministry of Defence where she has been leading an HR team of 200 people and has been responsible for Diversity and Inclusion Strategy at Group level for Defence.

Her previous experience includes roles at Capital One, DEFRA, DWP and the NSPCC. Siobhán will be maintaining her position as a charity trustee at the Mental Health Foundation. She will take up her post from the end of March 2021.

Nikhil Rathi, Chief Executive, said: ‘I am delighted that Sheldon Mills will be the FCA’s first Executive Director, Consumers and Competition and also to welcome Siobhán Sheridan to the FCA as Chief People Officer.

‘Sheldon has played a crucial role in supporting consumers during the pandemic.  I know that Sheldon will bring his knowledge, leadership skills and passion for consumer issues to shape the newly established Division and motivate those who work in it to ever higher standards.

‘Siobhán will bring a wealth of experience of leading on people issues in both financial services and public service organisations to the FCA. Her alignment with our values, knowledge of using data to drive people strategy and her commitment to diversity and inclusion make her a great fit for the FCA. I am confident that she will make a significant contribution to our ongoing transformation programme and strengthening FCA capabilities.’

Sheldon Mills, Executive Director, Consumers and Competition, said: ‘I’m delighted to be joining the FCA leadership team to jointly lead a new supervision, competition and policy division. The FCA is a cornerstone in ensuring that we all have the financial products and services we need and that wholesale markets function well to support the economy.

‘The new division will be able to build a strong coordinated regulatory framework to ensure financial services firms of all sizes deliver products and services that meet the needs of many consumers and small businesses across the country and we will continue to support the industry to serve people well at this time of challenge for people and the economy.’

Siobhán Sheridan, Chief People Officer, said: ‘I’m delighted to be joining Nikhil and the leadership team at the Financial Conduct Authority and to play a part in protecting consumers at this critical stage for the country. It will be a privilege to be a part of the FCA team, and to help the FCA to deliver its vital mission.’

This news item was originally published by the Financial Conduct Authority (FCA UK). For more information, please see the Source Link.

Regulator Information

Regulator Name: Financial Conduct Authority
Abbreviation: FCA
Jurisdiction: United Kingdom

Recent Articles

Tarcord Bank

We believe this firm may be providing financial services or products in the UK without our authorisation. Find out why you should be wary...

Remittance Order issued in RC No. 5983 of 2022 drawn against Pushpa Asoolal Bissa (PAN: BGXPB6906Q) in the matter of Greencrest Financial Services Limited.

This news item was originally published by the Securities and Exchange Board of India (SEBI IN). See the article here: Read more

Remittance Order issued in RC No. 5984 of 2022 drawn against Sarita Pradip Bissa (PAN: BGLPB8816M) in the matter of Greencrest Financial Services Limited.

This news item was originally published by the Securities and Exchange Board of India (SEBI IN). See the article here: Read more

Remittance Order issued in RC No. 6046 of 2022 drawn against Dinesh V Makwana (PAN: ANOPM9543M) in the matter of Sterling International Enterprises Limited.

This news item was originally published by the Securities and Exchange Board of India (SEBI IN). See the article here: Read more

Get the latest from Regulatory.News in your inbox!

×