The FSA has appointed Rathbone Brothers group finance director Paul Stockton as non-executive director on the Financial Services Compensation Scheme board.
Stockton started as non-executive director at the FSCS yesterday.
The FSA says through his work in the industry Stockton has developed a strong understanding of issues relating to financial services sales, consumer issues, corporate governance and regulatory compliance.
FSA chairman Lord Turner says: “We are pleased that Paul has been appointed to the FSCS board as non-executive director. He brings with him valuable experience which will greatly benefit the FSCS.”
FSCS chairman David Hall says: “It is with great pleasure that I welcome Paul to the board of the FSCS. His wealth of experience in finance, financial services and consumer issues will be invaluable at a crucial time in the scheme’s development. He is an excellent addition to a strong team.”