They will lead the panels in providing input from practitioners and market participants to help FCA meet its objectives
The Financial Conduct Authority (FCA) has appointed Clare Woodman as chair of its markets practitioner panel, Matt Hammerstein as chair of its practitioner panel, and Mandy Gradden as chair of the listing authority advisory panel.
Woodman is currently the head of EMEA and chief executive at Morgan Stanley & Co. International. She is a trustee of the Morgan Stanley International Foundation, overseeing the firm’s longstanding partnership with Great Ormond Street Hospital, and is an active sponsor of the firm’s Women's Business Alliance.
“I am delighted to have the opportunity to serve as chair of the markets practitioner panel,” Woodman said. “With the financial market environment constantly evolving, it is vital that
regulators and industry continue to work together.
“I look forward to working with my senior industry colleagues and the FCA to ensure that markets remain efficient and effective allocators of capital, while upholding the highest standards.”
Clare, Matt and Mandy will play a vital role in providing #insight and challenge on behalf of the #firms, markets and consumers we serve by ensuring that all voices are heard. https://t.co/2eMUr4bNXA
— Financial Conduct Authority (@TheFCA) August 1, 2023
Hammerstein is the chief executive for Barclays Bank UK. Prior to becoming CEO, he was head of retail lending. He joined Barclays in 2004 as director of group strategy, later progressing to become the group chief of staff, and went on to manage Barclays Group’s corporate strategy and corporate relations, customer and client Experience in retail and business banking, and Barclays UK’s retail products and segments.
“It is a privilege to be asked to chair the FCA practitioner panel,” Hammerstein remarked. “The panel plays a critical role in helping the FCA better anticipate the implications of proposed policy changes, and to better understand whether the existing body of policy is achieving the expected and appropriate outcomes.
“With the introduction of the new Consumer Duty, the incorporation of a competitiveness objective, the transformation of the FCA itself, and the ongoing uncertainty and challenges in the economy, an active dialogue between practitioners and the FCA is vitally important.
“I look forward to ensuring that that dialogue is productive and meaningful on behalf of the consumers, businesses, and markets that we jointly serve.”
Gradden, meanwhile, has been chief financial officer at global data and analytics firm Ascential plc since 2013. Before joining Ascential, she was also a CFO at Torex and Detica Group; director of corporate development at Telewest; and group financial controller at Dalgety.
“The listing authority advisory panel plays such an important role in connecting issuers, investors, advisors and other market participants with the FCA, and we are fortunate to have such a talented and diverse group of stakeholders serving on the panel,” Gradden commented.
“The FCA is tackling a very significant programme of innovation and reform as it supports the UK capital markets, and I am delighted to have the opportunity to serve as chair of the panel as we seek to support the FCA at such a critical time.”
Ashley Alder, chair of the Financial Conduct Authority, welcomed the appointments, saying that all three brought with them a deep wealth of experience and knowledge to the FCA panels.
“They will play a vital role in providing insight and challenge on behalf of the firms, markets and consumers we serve by ensuring that all voices are heard,” Alder said.
“I am confident they will continue the excellent work of the panels in ensuring our regulation is targeted, timely, and effective. And most importantly, that it delivers the right outcomes for firms, markets and consumers.”
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