The FSA has appointed Marian Glen and Charles McKenna as non-executive directors to the board of the Financial Services Compensation Scheme.
Glen was previously general counsel at Aegon UK from 2009 and 2011 and was also a partner at Shepherd and Wedderburn from 1994 and 2008. She was also involved in the remediation and redress programmes for Scottish Equitable customers.
McKenna has spent 22 years as a corporate partner at Allen and Overy, specialising in corporate transactions, financial services and regulatory bodies. He was also involved in the formation of The Securities Association, the first UK self-regulating organisation, in the 1980s.
In addition to the new appointments, the FSA also reappointed Alex Kuczynszi and Kate Bartlett as executive directors for a further term.
FSA chairman Adair Turner says: “We are very pleased to announce the appointment of Marian Glen and Charles McKenna, whose experience will prove invaluable for the FSCS during this period of regulatory change.”
FSCS chairman Laurence Churchill says: “I am pleased that we have been able to appoint two people of such high calibre as Marian Glen and Charles McKenna to the FSCS Board. They have a wealth of experience that will benefit both consumers and the firms to whom we are accountable. I am delighted to welcome them to the Board.
“I would also like to pay tribute to Ros Reston and Tony Ashford for their exemplary service to the FSCS during the height of the financial crisis. They brought a huge amount of experience and insight to the work of the Scheme at a pivotal point in our history.”