The treasury has confirmed the appointment of two new non-executive directors to the Financial Conduct Authority (FCA) board.
Jeannette Lichner and Bernadette Conroy will both serve three-year terms and will commence their roles on 1 April and 1 August, respectively.
Conroy brings both senior manager and non-executive experience in the public and private sectors, including financial services. She is currently chair of a housing association and a non-executive director for community health partnerships.
Lichner has previously worked in international financial services, and held senior leadership roles in several financial organisations. She is currently a non-executive director at Miller Insurance Services.
Amelia Fletcher and Catherine Bradley will both step down at the end of their terms as non-executive directors, having served since April 2013 and August 2014. Fletcher will also step down as a non-executive director of the Payment Systems Regulator (PSR).
Nick Stace, who was appointed in April 2017, has also stepped down from the FCA and PSR boards as of 29 January. Current FCA chief executive Andrew Bailey will stand down from both the FCA and PSR boards on 15 March.
The economic secretary to the treasury, John Glen, said: “The work of the FCA is crucial in ensuring we continue to have a world-leading financial services sector.
“I am therefore delighted to announce the appointments of Bernadette Conroy and Jeannette Lichner to the FCA Board. Their expertise and knowledge will be highly valuable to the FCA as it carries out its vital role.”
Chair of the FCA, Charles Randell, added: “I’m delighted to welcome Jeannette and Bernadette to the FCA Board. They have extensive combined experience both in financial services and a range of public service organisations.
“I would also like to thank Amelia, Catherine and Nick for their valuable support and challenge to the FCA.”