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FRC announces key executive director appointments

The Financial Reporting Council (FRC) has announced a series of key executive director appointments after an “extensive” and “competitive” recruitment process.

Mark Babington has been appointed executive director, regulatory standards, while Alex Kuczynski has been appointed executive director, corporate services and general counsel.

Babington has been acting executive director on an interim basis since the beginning of April and brings “significant” experience in public and technical policy, particularly in audit and ethics, both within the FRC, and before that as a director at the National Audit Office.

Kuczynski joins from the Financial Services Compensation Scheme (FSCS) where he was most recently the chief corporate affairs officer and director of corporate affairs and a board director.

He has worked both in house as general counsel and previously in private practice at Herbert Smith Freehills and Hogan Lovells. Kuczynski has had extensive regulatory experience in the financial services industry both in the UK and internationally.

Sir Jon Thompson, CEO of the FRC said: “I am very pleased that we have appointed such high calibre candidates to these key roles.

“I know that they will build on the strong talent in each of their divisions and the collaborative strength of the FRC as we respond to a dynamic and changing landscape and focus on delivering our transition into the new Audit, Reporting and Governance Authority.”

Babington said: “I am thrilled to have the opportunity to lead the FRC’s regulatory standards division. We are a growing team of technical and policy professionals, who act in the public interest to improve the quality of audit, corporate reporting, corporate governance and stewardship and actuarial work in the UK.

“We also lead the FRC’s stakeholder engagement and outreach to ensure that our work reflects our stakeholders’ needs and our sphere of influence.”

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