Financial Ltd has appointed former Nationwide head of regulatory risk oversight Richard Warrington as the firm’s first compliance and risk director.
The role has been created to replace Steve Bell’s position of compliance director. In November, Financial Ltd announced Bell will leave after six years with the firm as part of a management reshuffle.
Bell will remain with the firm to oversee a transition to the new management structure and is due to leave in mid-January.
Warrington was Nationwide’s head of regulatory risk oversight from November 2009 to September this year and was previously National Australia Group Europe head of regulatory affairs and compliance.
In three further appointments, former Chelsea Building Society chairman and chief executive Stuart Bernau has been appointed non-executive chairman, while Standard Financial Group non-executive director Kevin Watkins and former Nationwide divisional director Robin Bailey have been appointed as non-executive directors.
Baronworth Investment and Financials director Colin Jackson says: “Including risk with compliance is very important in the current climate. This is a focus bigger companies need to address. I think it is a good idea and one really compliments the other.”