Gordon Brown said: "I am delighted to announce these appointments. James Crosby is a leading industry practitioner with a wealth of experience in banking, fund management and the insurance field, and will bring a new perspective to the Board. The appointment of David Miles, a leading financial economist, will add a new set of skills to the FSA Board".
Callum McCarthy, Chairman of the FSA Board, said:
"I am delighted to welcome James and David to the Board and it is also excellent news that Kyra Hazou, Tom de Swaan and Clive Wilkinson are carrying on for further terms. These appointments and reappointments mean that we will continue to have a strong, effective and varied Board with an all- round high-level focus including the practitioner, consumer, regulatory and academic viewpoints".
Following the usual confirmatory processes, James Crosby is expected to take up his appointment in mid-January and David Miles will take up his appointment following completion of his review into the provision of fixed rate mortgages in the UK. Kyra Hazou, Tom de Swaan and Clive Wilkinson have been reappointed as Non-executive Directors, for a further three years from 19 January 2004.
