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New FSCS chair named

FSCS-Piggy-Bank-500x320.jpgThe FCA and PRA have appointed Marshall Bailey as chairman of the Financial Services Compensation Scheme.

Bailey joins from UK Financial Investments, where he is a non-executive director.

He is also a non-executive director at Chubb European Group and CIBC World Markets.

FSCS boss: Extra levies ‘price we pay for greater choice’

Bailey succeeds Lawrence Churchill, who is stepping down after two terms.

FCA executive director of strategy and competition Christopher Woolard says: “Marshall Bailey was selected from a strong field of potential candidates by a panel comprising members of the PRC, FCA and FSCS boards.”

Bailey takes up his new role from 1 April.

He says: “I am delighted to be joining the FSCS as its new chairman.”

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