Anna Bradley, currently Director of the National Consumer Council, has been appointed Director of Consumer Affairs reporting to FSA Managing Director John Tiner. The Consumer Division leads the work of the FSA to promote public understanding of the financial system and on consumer protection, including managing the FSA’s relationship with the Financial Services Compensation Scheme and the Financial Ombudsman Service. She will join the FSA at the end of this year.
David Strachan, currently FSA Director Deposit Takers, has been appointed Director of Insurance Firms, also reporting to John Tiner. The Division is responsible for the supervision of more than 800 insurance companies and friendly societies and the Society of Lloyd’s. His appointment will take effect on 1 October 2002.
Philip Robinson, currently Director of the FSA Pensions Review, will take over from David Strachan as Director Deposit Takers, reporting to Managing Director Michael Foot. This division is responsible for regulating around 250 banks and building societies, some 670 credit unions, and e-money issuers. His appointment will also take effect on 1 October 2002.
John Tiner said:
"I am delighted that Anna Bradley is joining us. She is a recognised authority on consumer affairs. Her expertise will help us deliver a step-change in our work to improve public understanding of the financial system."
"I am very pleased that David will be taking on this key role in insurance regulation at such a critical time. He will help me to take forward the fundamental changes we are introducing in this area. His experience of financial regulation at a senior level both at the FSA and formerly at the Bank of England will enable the FSA to maintain the momentum of the ambitious programme of reforms to the insurance regime we inherited."
Michael Foot said:
"I am very pleased that Philip with his long senior experience of both regulation and the financial sector, and his recent successful contribution to the Pensions Review, will be taking on the key supervisory role of Director Deposit Takers Division"
