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HSBC UK chief exec to chair FCA practitioner panel

FCA interior 620x430

The FCA has appointed HSBC UK chief executive Antonio Simoes to chair the regulator’s practitioner panel.

Simoes will succeed Lloyds Banking Group director of retail Alison Brittain in the role from 1 August. Brittain is leaving the financial services sector to join Whitbread Plc as chief executive.

FCA chairman John Griffith-Jones says: The practitioner panel plays a vital role in ensuring that the voice of industry is heard in the UK’s regulatory system.

“Antonio has served on the panel for the previous two years and appreciates how important the role of Chair is so that the regulator and financial services industry can have a dialogue that is both challenging and constructive. I look forward to working with him in his new role.”

Simones says: “I’m looking forward to making a positive contribution to the important role the panel plays in supporting the regulatory framework in the UK, at a time when rebuilding trust in the financial services industry has never been more important.

“My focus will be on fostering a constructive dialogue between the panel and both the executive and the board of the FCA.”

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Comments

There are 4 comments at the moment, we would love to hear your opinion too.

  1. ‘My focus will be on fostering a constructive dialogue between the panel and both the executive and the board of the FCA’ The panel is supposed to represent the industry, but what steps will he be taking to find out the industry’s as opposed to the views of his own organisation. An organisation which has paid huge amounts in fines and compensation for all manner of wrongdoing. I am in the industry I am not sure I want him to represent my views. I also note he was appointed by the FCA, do not recall seeing the job advertised.

  2. Alan, as a small business you will be represented by the small business practioner panel – this one is for the big boys. Incidentally an IFA chairs the Small business panel.

  3. @Alan Kendrick Matt T is right, we will be represented by a different person. On the subject of Antonio Simoes, I used to work for HSBC and Antonio Simoes is one of the good guys there.

  4. A banker heading the practitioner panel? Why??????

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