News story ASHLEY ALDER APPOINTED AS CHAIR OF THE FINANCIAL CONDUCT AUTHORITY HM Treasury has today (Friday 8 July) announced the appointment of Ashley Alder as Chair of the Financial

Conduct Authority (FCA). This was published under the 2019 to 2022 Johnson Conservative government * Ashley Alder is appointed as Chair of the Financial Conduct Authority (FCA) * He is

expected to take up his role at the FCA in January 2023 and will succeed interim chair Richard Lloyd * Mr Alder is currently CEO of the Securities and Futures Commission of Hong Kong and

Chairs the International Organisation of Securities Commissions Mr Alder is expected to take up his role in January 2023 and will succeed Richard Lloyd who has served as interim Chair since

senior roles at Herbert Smith Freehills LLP. Ashley Alder said: > It’s a great privilege to have the opportunity to Chair the FCA, > whose core work is so vital to the financial health

 of consumers. >  > I also value the opportunity to contribute to a crucial phase in the > FCA’s history as it helps chart the UK’s post-Brexit future as a > global financial 

centre which continues to support innovation and > competition through its own world-leading regulatory standards. >  > I look forward to working with FCA colleagues as they deliver

 on > their mission. HM Treasury has also announced the reappointments of Liam Coleman and Dr Alice Maynard to the Board of the FCA. Their second three-year terms as Non-Executive

Directors will commence on 5 November 2022. Liam Coleman is Currently Chairman of Great Western Hospitals NHS Foundation Trust and has held a variety of roles spanning retail, commercial and

wholesale banking. Dr Alice Maynard has worked in the field of diversity and inclusion for 30 years and coaches senior leaders in inclusive leadership alongside her Board and advisory

roles. FURTHER INFORMATION * The FCA is the conduct regulator for around 51,000 financial services firms and financial markets in the UK. * The FCA is an independent body, accountable to HM

Treasury and to Parliament. * Under the Financial Services and Markets Act 2000, HM Treasury is responsible for appointing the members of the FCA Board, including the Chair. * Two of the

Non-Executive Directors on the FCA Board are appointed jointly by HM Treasury and the Secretary of State for the Department for Business, Energy and Industrial Strategy (BEIS). Dr Alice

Maynard is one of those Directors, and her reappointment was jointly agreed by HM Treasury and the BEIS Secretary of State. * Appointments and reappointments to the FCA Board are regulated

by the Office of the Commissioner for Public Appointments. * All appointments are made on merit and political activity plays no part in the selection process. However, in accordance with the

original Nolan recommendations, there is a requirement for appointees’ political activity (if any is declared) to be made public. Ashley Alder, Liam Coleman and Alice Maynard have not

engaged in any political activity in the past five years. * Liam Coleman was Deputy Chief Executive Officer and subsequently Chief Executive Officer at The Co-operative Bank plc from May

2016 to July 2018. He is currently Chairman of Great Western Hospitals NHS Foundation Trust. * Dr Alice Maynard is a Non-Executive Director on the Board of HMRC and is a member of the

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UPDATES TO THIS PAGE Published 8 July 2022