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Schroders appoints ex-FSA director Sheila Nicoll

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Schroders has appointed ex-FSA director of conduct policy Sheila Nicoll as head of public policy.

Nicoll left the regulator in April 2013 having joined in 2007, initially as retail firms division director. She left when the FSA was replaced by the FCA.

She joins from EY, where she was senior adviser. She will report to Schroders executive vice-chairman Massimo Tosato.

Tosato says: “I am delighted to welcome Sheila. The depth of her expertise in public policy and regulation is unparalleled. 

“Her pragmatic approach will be invaluable in helping us contribute more actively to the significant changes the industry will face in the coming years.”  

Nicoll led some flagship FSA initiatives such as the RDR, the MMR and the funding review of the Financial Services Compensation Scheme. 

In her role as director of the retail firms division she spent two years supervising building societies, life insurers, general insurers and advisers during the financial crisis.

Before joining the FSA, Nicoll was deputy chief executive at the Investment Management Association.

Yellowtail Financial Planning managing director Dennis Hall says: “Nicoll will have an idea of where the regulator is going and to some extent Schroders is buying that information early.”

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