The Financial Conduct Authority (FCA) has announced important changes to its executive committee. The regulator noted that Megan Butler, who is the executive director of transformation, will step down from her role “in the spring”.
She was appointed to the board in 2016 after spending some years as executive director of supervision at the Bank of England. The FCA also announced that Emily Shepperd will succeed Megan in the role. Emily will be leading the agency’s transformation program while maintaining her present role as executive director of authorizations.
Braviner Roman Appointed To The Executive Committee
Chief Executive Officer of FCA, Nikhil Rathi, commented on the executive change. “Megan has been at the heart of the effort to raise standards in financial services,” he stated, adding that Megan spearheaded the regulator’s drive to ensure the firm’s resilience during the pandemic.
The FCA has also appointed Braviner Roman, who will be joining after working as the director-general of litigation at the Government Legal Department (GLD). Braviner stated that he is delighted to be joining the FCA at a crucial time for the regulator, financial markets, and consumers.
During his time at the GLD, he oversaw the legal advice given to the Department of Culture, Ministry of Justice, Ministry of Defense, and the Home Office.
Braviner was also the leader of the team that issued legal advice on the UK’s departure from the European Union.
Before his arrival, David Scott has been in charge of the General Council role on an interim basis as the regulator kept looking for a permanent replacement.
The FCA noted that Scott will still be part of the team until the role has been completely transferred to Braviner Roman.
Emily will be bringing over 2 decades of experience into her new role. The FCA said she has already made a massive very positive impact since she arrived at the FCA in March.
Butler added that it’s the right time to hand over to Emily and the executive board to continue with the transformation process.
The FCA Continues Its Efforts To Protect Consumers
The executive change is coming when the regulator is intensifying efforts to tackle the risks of cryptocurrencies. The FCA warned investors earlier this year to carry out proper investigation before choosing to invest in any platform that deals with crypto assets.