The FSA has appointed former British Bankers’ Association committee chairman John Spence as a non-executive director of the Money Advice Service.
Spence, who joins in January, is currently finance chair at not-for-profit organisation Business in the Community and also holds current non-executive directorships at HM Revenue & Customs, Spicer Haart, and Capital for Enterprise.
He has also held a variety of executive positions at Lloyds TSB.
FSA chairman Lord Turner says: “We are pleased that John Spence has been appointed to the MAS board as non-executive director. He brings with him extensive experience from the banking sector which will greatly benefit the service.”
MAS chairman Gerard Lemos says: “I am delighted to welcome John Spence to the MAS board. He brings an invaluable blend of senior banking experience, together with finance and audit knowledge, which will be instrumental for our development of the service and engagement with our stakeholders.”