The Financial Services Compensation Scheme has appointed former Deloitte partner Mark Adams as a non-executive director.
Adams will join the FSCS in June. He replaces Phil Wallace who has served two terms on the board.
Adams is a chartered accountant and insolvency practitioner, and has previously been an adviser to the Bank of England.
FSCS chairman Lawrence Churchill says: “Mark is a great addition to a strong board.
“He brings a wealth of experience to help us drive forward the development of the FSCS. Mark’s experience will help us to be even more effective as we deliver an efficient and effective compensation scheme for the industry and consumers.”
Adams says: “I am pleased to be joining the FSCS board as it continues to develop the best possible compensation scheme for UK consumers and the industry.
“I look forward to working with Lawrence and the FSCS team to build on its achievements so far.”