Spence is currently finance chair for Business in the Community and holds current non-executive directorships at Capital for Enterprise, as chair of the audit committee, HM Revenue & Customs, chair of Harlow Renaissance Limited and Spicer Haart Limited. Previously John was the chair for the British Bankers Association retail banking committee, and has held a variety of executive positions at Lloyds TSB.
Lord Turner, the FSA's chairman, said: "We are pleased that John has been appointed to the Money Advice Service Board as non-executive director. He brings with him extensive experience from the banking sector which will greatly benefit the service."
Gerard Lemos, chairman of the Money Advice Service said: "I am delighted to welcome John Spence to the Money Advice Service board. John brings an invaluable blend of senior banking experience, together with finance and audit knowledge, which will be instrumental for our development of the service and engagement with our stakeholders.
“I very much look forward to working with John in the busy year ahead, and beyond."
