Mr Timms said: "I am delighted to announce these appointments. Karin Forseke is a leading international investment banker who will offer a broad range of experience in capital markets and strategic and operational planning. The appointment of Michael Slack will bring a considerable knowledge of small financial services businesses to the Board as well as extensive experience in general insurance".
FSA Chairman Callum McCarthy said:
"I am delighted to welcome Karin and Michael to the Board. They will ensure that we continue to have a strong and varied Board with wide and relevant experience. I would like to thank Gill Nott, Shamit Saggar and Moira Black, who are leaving the Board, for all that they have done for the FSA in recent years."
Karin Forseke and Michael Slack will take up their appointments on 1 December 2004.
