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114/02

1 November 2002

APPOINTMENT OF NON-EXECUTIVE DIRECTOR
TO FSA BOARD

Chancellor of the Exchequer Gordon Brown today announced that Steve Thieke has been appointed a Non-Executive Director of the FSA as from 1 November. Mr Thieke previously served on the FSA Board from December 1997 to December 2000.

Mr Brown said:

“Steve Thieke has extensive experience in financial risk management and I am sure he will make an invaluable contribution to the Board.”

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FSA Chairman Howard Davies said:

“I am very pleased to welcome Steve back to the Board. He made a major contribution to the development of the FSA during his first term of office and it is excellent that we will again have his wisdom and knowledge on hand.”

NOTES TO EDITORS

  1. Steve Thieke is part-time Chairman of RiskMetrics Group, which markets risk management packages to financial firms. Previously he was Managing Director, JP Morgan & Co in New York from 1989 to 1999, serving as Chairman of its Risk Management Committee and Head of Corporate Risk Management. He also served as Chairman and President of JP Morgan Securities Inc. Prior to joining JP Morgan he was Executive Vice President of Credit and Capital Markets at the Federal Reserve Bank of New York.
  2. The Board of the FSA is appointed by the Treasury in accordance with the rules of the Office of the Commissioner for Public Appointments.
  3. Board members are appointed in a personal capacity and do not serve as representatives of particular interests or associations. A list of the current membership of the Board of the FSA is attached.
  4. The FSA became the statutory single financial services regulator at midnight on 30 November 2001, when the Financial Services and Markets Act commenced.
  5. If you have access to the internet, you can find this news release and other Treasury material on this site.
  6. Media requests for further information should be addressed to Simon Moyse in the Treasury Press Office, tel. 020 7270 4420.

List of FSA Board Members

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 Hospital NHS Trust
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
Sir Andrew Large Deputy Governor (Financial Stability), Bank of England
Gillian Nott CBE Chairman, Baronsmead Venture Capital Trust plc Director, Foreign & 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
Carol Sergeant Managing Director, Regulatory Processes and Risk Directorate, the FSA
John Tiner Managing Director, Consumer, Investment & Insurance Directorate, the FSA
Steve Thieke Chairman, RiskMetrics Group
Sir Keith Whitson Group Chief Executive, HSBC Holding plc
Clive Wilkinson Chair of Birmingham Heartlands NHS Trust Chair of Midlands Industrial Association


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Press Notices index 2002 July to December