Regulators

FCA shuffles senior team with four new appointments

The new appointees will join Rathi on the FCA’s executive committee, its most senior executive decision-making body

The FCA has made four appointments to its senior team as part of a “transformation programme”, led by its new chief executive, Nikhil Rathi. 

On Thursday 25 February, the chief announced that Stephanie Cohen will be the FCA’s chief operating officer and Jessica Rusu will join as its first chief data, information and intelligence officer. 

In addition, Sarah Pritchard will become executive director of markets and Emily Shepperd will take up the newly created role of executive director of authorisations. The new appointees will join Rathi on the FCA’s executive committee, its most senior executive decision-making body.

Separately, the authority has also appointed Clare Cole as director of market oversight and as part of that role, she will lead the FCA’s response to Lord Hill’s forthcoming Listings Review. A report which was launched by the Chancellor last November as “part of a plan to strengthen the UK’s position as a leading global financial centre”.

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Nikhil Rathi, chief executive of the FCA, said: “I am delighted to be welcoming Stephanie, Jessica, Sarah and Emily into the FCA to be part of our executive leadership team. They bring with them a deep understanding of the consumers we seek to protect, the markets we oversee, and all have track records for operational excellence. 

“As we continue transforming the FCA – building a data-led regulator – their global experience and leadership, drawn from a variety of backgrounds, will be vital in ensuring we can act more quickly to reduce harm to consumers and ensure market integrity.”

He added: “I also congratulate Clare on her appointment as director of market oversight, a role she takes on at an important time for UK markets as the FCA takes forward the work of Lord Hill’s Listings Review.”

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