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Ex-HBOS risk adviser McTeague to head FCA bank supervision

Freddie Findlater

The Financial Conduct Authority has restructured its supervision team and hired a former HBOS principal risk adviser to head up its oversight of retail banks.

The regulator has appointed Karina McTeague as director of retail banking. She will join the regulator in November from Lloyds Banking Group, where she works across risk, policy and general counsel.

Three other supervision directors have been confirmed who have been acting in the posts since the supervision team was set up in April under the Financial Conduct Authority.

Nick Poyntz-Wright has been appointed as director of long-term savings and pensions, and will lead the supervision of financial advisers.

Linda Woodall, who helped lead the FSA’s work on the mortgage market review and the RDR, becomes director of mortgages and consumer lending, with former Bank of England economist and FSA enforcement head William Amos appointed as director of wholesale banking and investment management.

All four of the new directors will report to Clive Adamson, who remains FCA director of supervision.

Adamson says: “Karina, Nick, Will and Linda to bring a wealth of industry and regulatory experience and will strengthen the leadership of the organisation.

“These appointments also provide more management depth to help us take forward the FCA’s agenda in the diverse sectors they will lead.”

The FCA’s supervision division team also has three main specialist departments: general insurance and protection led by Simon Green, event supervision led by Susan de Mont, and prudential supervision and specialists led by Gerald Sampson.

Thameside Wealth director Tom Kean says: “The FCA will have tried very hard to recruit the best people money can buy to do the fiendishly tricky jobs being asked of them, but I do not envy either the FCA or the individuals concerned at all.”

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