FSCS recruits chief operating officer

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The FSCS has recruited a new chief operating officer from insurance giant RSA.

Jimmy Barber will take on the COO role from January. He was previously operations development director at RSA.

The lifeboat scheme has also promoted Kathryn Sherratt to chief financial officer. Sherratt joined the FSCS in 2012 as head of finance.

FSCS chief executive Mark Neale says: “I am delighted to welcome Kathryn and Jimmy to the board of FSCS.

“They bring a wealth of experience to the roles and are well equipped to meet the challenges FSCS now faces. The scheme plays a vital role in protecting consumers when firms fail. That helps consumer confidence.

“Kathryn and Jimmy’s experience will help us to be even more effective as we deliver an efficient and effective compensation scheme for the industry and consumers.”