REAPPOINTMENT OF DEPUTY CHAIRMAN OF THE BOARD OF THE FINANCIAL SERVICES AUTHORITY

Gordon Brown today announced that Stewart Boyd QC has been reappointed as a non-executive Director of the Financial Services Authority (FSA) for a further term of three years.

Mr Boyd continues as Deputy Chairman of the Board and as Chairman of its Non-Executive Committee.

Gordon Brown said:

?At a time when the FSA has taken on new regulatory powers Mr Boyd's extensive legal experience has been very valuable. He has played an important role as head of the non-executive directors and provided a balance between the practitioner and consumer representatives on the Board.?

Howard Davies said:

?Stewart Boyd has made a major contribution to the development of the FSA over the last three years. I am delighted that we will continue to have the benefit of his counsel and wisdom for a further term as Deputy Chairman as we move into the next phase of making real the full benefits of single regulation.?

Board members are appointed in a personal capacity and do not serve as representatives of particular interests or associations.

NOTES TO EDITORS

Stewart Boyd QC was called to the Bar in 1967 and was made Queen's Counsel in 1981. He has wide experience in banking, financial services, company law and insolvency, competition and restrictive practices and has been an arbitrator in international commercial disputes in many fields.
The Board of the FSA is appointed by the Treasury and is in accordance with the rules of the Office of the Commissioner for Public Appointments.
The Financial Services and Markets Act 2000 requires that the majority of Board members are non-executives. In addition to their functions as members of the FSA Board, the non-executive directors form the FSA's Non-Executive Committee, with the following statutory functions:

Keeping under review whether the FSA is using its resources in the most efficient and economic way;

Reviewing the FSA's internal controls;
Determining the remuneration of the chairman and the executive directors;
Preparing a report for inclusion in the FSA's annual report to the Treasury under FSMA.

A list of the current membership of the Board of the FSA is attached.

The FSA became the statutory single financial services regulator on 1 December 2001 when the Financial Services and Markets Act commenced.

Media requests for further information should be addressed to Simon Moyse in the Treasury Press Office, tel. 020 7270 4420.

MEMBERS OF THE BOARD OF THE FINANCIAL SERVICES AUTHORITY

Sir Howard Davies	Executive Chairman, the FSA
Stewart Boyd, QC	Deputy Chairman, the FSA Bencher, Middle Temple
Moira Black, CBE	Chairman, Consumer Communications for England Vice Chairman, University of North London Director, North West London Hospitals NHS Trust
David Clementi	Deputy Governor (Financial Stability), Bank of England
Tom de Swann	Member of the Managing Board, ABN AMRO Bank NV
Michael Foot	Managing Director, Deposit Takers & Markets Directorate, the FSA
Kyra Hazou	Formerly Managing Director and Regional General Counsel, Salomon Smith Barney/Citibank
Deirdre Hutton CBE	Chairman, National Consumer Council Member, Better Regulation Task Force
Gillian Nott, OBE	Chairman, Baronsmead Venture Capital Trust plc Director, Foreign and Colonial Pacific Investment Trust Ltd.
Christopher Rodrigues	Group Chief Executive, Bradford & Bingley plc Director, Energis Plc
Dr Shamit Saggar	Performance & Innovation Unit, Cabinet Office, London Board Member, National Consumer Council
Carol Sergeant	Managing Director, Regulatory Processes and Risk Directorate, the FSA
John Tiner	Managing Director, Consumer, Investment & Insurance Directorate, the FSA
Keith Whitson	Group Chief Executive, HSBC Holdings plc
Clive Wilkinson	Chair of Birmingham Heartlands NHS Trust, Chair of Midlands Industrial Association

Press Notice 2002 January to June Index