21/02
13 March 2002
HOWARD DAVIES APPOINTMENT AS CHAIRMAN OF THE FSA EXTENDED
Gordon Brown today announced that Sir Howard Davies? appointment as Director and Chairman of the FSA is to be extended until 31 January 2004.
Gordon Brown said:
?At a time when the FSA has just taken on its full regulatory powers and is establishing itself as a fully independent single regulator it is invaluable to have Sir Howard remaining in post with his breadth of experience?.
NOTES TO EDITORS
- Sir Howard Davies initially became Chairman of the Securities and Investments Board on 1 August 1997, which on 28 October 1997 was renamed the Financial Services Authority. He previously served for two years as Deputy Governor of the Bank of England, three years as Director General of the CBI, and for five years was Controller of the Audit Commission. Other experience includes working for McKinsey & Company, working as Special Adviser to the Chancellor of the Exchequer and two years as Private Secretary to the British Ambassador in Paris.
- The Board of the FSA is appointed by the Treasury in accordance with the rules of the Office of the Commissioner for Public Appointments.
- 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.
- The FSA became the statutory single financial services regulator at midnight on 31 November 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.
List of FSA Board Members
|
Sir Howard Davies |
|
| 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 Swaan | 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 |