Neale, who is the former director general of HM Treasury for budget tax and welfare, takes up the post in May succeeding Loretta Minghella who led the organisation for five years.
He will join the board of the FSCS following confirmation of his appointment by the FSA yesterday.
Neale has held several senior roles in Government departments including director of finance, commercial and corporate services with the employment service.
FSCS chairman David Hall says: “I am pleased to welcome Mark Neale to the Board of the FSCS. He brings a great breadth and depth of leadership experience in large scale contingency planning, operational delivery and financial policy making. He will be central to developing an even stronger focus on the consumer, building on the outstanding foundations laid by Loretta Minghella. I am confident Mark will make a significant contribution to the FSCS, to consumer protection and to consumer confidence.”
Neale says: “I am delighted to be taking up the post of FSCS Chief Executive. The organisation has risen superbly to the challenges of the last two years and embarked on an ambitious programme of development to strengthen its ability to respond quickly in the event of financial failure. I am looking forward to building on the FSCS’s record of delivery and ensuring that it continues to provide an efficient and reassuring service to consumers in these changing times.”