The Financial Services Compensation Scheme has appointed Treasury director general Mark Neale as chief executive.
Neale will take up the post in May and succeeds Loretta Ming-hella, who held the position for five years. He will also join the FSCS board. He has been Treasury director general of budget, tax and welfare since 2005.
Neale has also held senior roles in other government departments, including director of finance, commercial and corporate services with the employment service.
The FSCS has also appointed Kate Bartlett as operations director and Alex Kuczynski will join the board as director of corporate affairs.
Kuczynski is currently FSCS general counsel and will act as interim chief executive from March until Neale joins in May.
Chairman David Hall says: “Mark Neale 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.
“I am confident that he will make a significant cont-ribution to the FSCS, to consumer protection and to consumer confidence.”
Syndaxi Chartered Financial Planners managing director Rob Reid says: “Neale needs to be a tough negotiator. I hope he has the necessary strength of character to put his foot down, otherwise, the FSCS will keep getting dumped with costs.”