Financial Services Practitioner Panel appoints chairman

30 September 2011 4:31 pm | By Natalie Holt

The Financial Services Practitioner Panel has appointed Deloitte UK vice chairman Russell Collins as its chairman.

Collins headed up Deloitte’s financial services team from 2002 to 2011. He succeeds outgoing Yorkshire Building Society chief executive Iain Cornish, who is leaving the society at the end of the year to join St James’s Place as non-executive director.

The FSPP has also recently added a number of new members including Nationwide Building Society chief executive Graham Beale, HSBC head of UK retail bank and deputy chief executive Joe Garner, RBS Insurance chief executive Paul Geddes, and Legal & Genera group executive director of protection and annuities John Pollock.

FSA chief executive Hector Sants says: “I am pleased that Russell Collins has agreed to chair the practitioner panel.  His background in professional services working with firms from all sectors of the industry is helpful during this time of change in the regulation of financial services, both in the UK and globally.”

Collins says: “This is a vital time of transition to the Government’s proposed new regulatory infrastructure. I believe the panel performs a key role to ensure regulation is effective, an objective which practitioners fully support. We will actively engage with Government, the Treasury, the FSA and the Bank of England on the proposed new regulatory structure for the UK.”

The FSPP represents the interests of practitioners and is independent of the FSA. Members are drawn from regulated firms at a senior level.

If you enjoyed this article, sign up here to receive daily email updates from Money Marketing and Follow @_moneymarketing